2014 set a stage for several industries that are poised for massive growth in the coming year.
Welcome back and a very happy New Year to all my readers!
Every year, there are certain trends in the world of marketing and tech that indicate to us that there are certain industries set to explode in the following year. 2014 was no different.
Last year, we saw certain aspects come to the forefront with regards to marketers’ desires in the world of tech, and as we head into 2015 there are five industries in particular that we can expect to see burst in terms of their growth rate and mainstream familiarity.
The first one is pretty obvious. Wearables have been on the rise for a couple of years now, and with the advent of smart watches and the fact that some of the biggest players in the tech game – namely Apple and Samsung – have made their way into the market means that there is no stopping it.
But we are still in the infancy of the wearables life.
Imagine a world where you take a shirt out of your drawer, put it on, then open an app on your skin-projected phone screen and choose its color. We’re not there yet, but this is the exciting direction in which we are headed. We only have two wrists, so the world of wearables will surely be expanding elsewhere in the coming year.
Internet of Things (for Everyone)
I have often written about my amazement at the prospect of the Internet of Things (IoT). As more companies embrace its possibilities, we can expect to see this phenomenon skyrocket in the coming year.
Towards the end of 2014, we began seeing certain companies releasing do-it-yourself-type kits that help transform every day items in your home – like a lamp – into smart items. This is a trend that started steamrolling towards the end of the year and there are no signs of this momentum slowing down.
This coming year, we can surely expect to see the rise in popularity and availability of the IoT continue.
3D Print Manufacturing
Try not to confuse this your Average Joe printing out a 3D model at home – this is more about 3D printing at the industrial level.
When the phenomenon was featured on the cover of the Economist, it was touted as being far more cost-effective for the manufacturing sector and incurs far fewer risks. That is music to the ears of operations managers in the manufacturing sector.
In the first decade of the 21st century, annual growth in the 3D printing sector averaged roughly 8.8%. From today through 2017, that number is expected to double. Expect to hear a lot more from the world of 3D printing in the coming year.
Natural Language Processing
If we’ve learned one thing from the popularity of new media it is that we love our colloquialisms. If we’ve learned something else, it is that spelling, grammar and clarity are generally considered to be secondary concerns for the average user on social media.
Natural language processing (NLP) has long been an exciting field, but the complexity of the phenomenon has made it difficult to become a mainstream application. We can expect to see that start to change in 2015.
NLP is a major focus for a lot of tech companies, and more importantly, it has the power to be a major value for virtually every business that operated directly or indirectly online.
And as for the larger picture…
In what is perhaps the most exciting field in the big data space, deep learning is as cool as the name suggests.
Natural language processing falls into the category of deep learning. Essentially, deep learning is a form of machine learning whereby a series of complex algorithms are used in order to develop models out of non-linear actions. Things like speech recognition, neural processing and even your future smart house will be the product of deep learning advancements.
With the progress that has been made in the field and the mainstream availability that we are starting to see, we can expect 2015 to be a very big year for the field of deep learning.
Keep your eyes open.
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