We are currently in an age of massive technological change, new and better technology spring up every day. At this time, it can be very difficult to determine which tech is just a fad and which tech will actually change the world and the way things are done. Lux Research has released its annual list looking at key technology they believe will change the world and the world economy. Lux Research released a 19 for 2019 report that looks at tech that has the potential to change the world over the next 10years.
To create this comprehensive and accurate report, Lux Research identified these tech using both unique data analytics and insight from leading domain experts. They first got data from their advanced analytic platform, the Lux Intelligence Engine and then tapped into their team of expert analysts. This post is going to discuss some of the tech highlighted in their report.
Lux Research Top 5 Transformative Tech to Watch in 2019
Machine Learning and AI
Lux Research believes that Machine learning and AI has the potential to transform the next 10 years. Seeing as Machine learning and AI can rapidly generate insight from vast datasets that can be used in various industries. These industries include retail, transportation, medicine etc. Plus over 10,000 AI patents were filed this year.
They said that wearable electronics are evolving beyond the smartphone to serve as connected, personalized sensors. According to their report, over the past 5 years venture, capital funding for wearable tech has totalled $2 billion.
They also highlighted 3D printing as one of its top transformative tech to watch in 2019. Seeing as patent filing for these tech has gone up by 60% in the past 4 years. 3D printing is also no longer being used for prototypes but is now being used for tooling and production parts.
They believe that use of CRISPR and other tools has a great potential to create next level personalization and customization from farms to consumers and patients. Plus IP activity has multiplied 7 folds in the last 5 years.
Augmented Reality (AR) and Virtual Reality (VR)
Seeing as enterprises are using AR and VR to train, increase productivity and do so much more. Lux Research believes it is one of the top transformative tech .
New Tech Listed on the 19 for 2019 Report
Lux Research 19 for 2019 report had some new entries added to the annual list. They are battery fast-charging, graphene and 2D materials, drones, precision medicine, natural language processing, Perovskite solar, generative design, last-mile transportation and block chain.
Innovation Leaders in these Tech
The research giants also looked into which companies are innovation leaders in these technologies. They compared both the company’s vision and the company’s activity to come up with these results.
These are the companies that have low total activity when compared to others but have strong visions. The company’s on this list Google, Siemens, Qualcomm, and Intel,
These are companies with high total activity but have low vision scores. The companies on this list are Toyota, Panasonic, LG Electronics, and Huawei
They were only two companies who have struck the perfect balance between these two factors. They are Samsung Electronics and IBM. To download the full report please click here.
About Lux Research
Lux Research is one of the leading providers of tech-enabled research and advisory services. They help their clients drive growth through technology innovation.