This year gave us a glimpse of what the tech industry has in store for us
Post Date – 12:20 AM, Wednesday – 12/28/22
Hyderabad: From ChatGPT, which revealed an interesting future of AI, to Metaverse, which teleports our existence into virtual universes — 2022 gives us a glimpse of what the tech industry has in store for us.
But as technology has advanced, the year has also highlighted users’ increasing vulnerability to cybercrime. According to a recent ANI report, 68% of companies in India have faced some or another type of cyber attack on their data.
With hybrid work models becoming a reality, increased reliance on online payments, and the fact that everything is online today; cybersecurity is now more important than ever.
This newfound importance of secure digital spaces, especially in the wake of the pandemic, has also fueled public dialogue on the recently announced Digital Data Protection Act and Telecommunications Act. Both bills are expected to be tabled in the next monsoon session.
The year also marked the groundwork for equipping every corner of the country with jet internet. Jio and Airtel have started offering 5G networks in major cities, and other providers such as BSNL are preparing to upgrade their wireless networks next year.
Perhaps in rural areas, increased speed and its availability will help everyone witness the innovation wonders of the tech industry.
Earlier this month, OpenAI’s AI-powered ChatGPT made headlines for its near-human capabilities. The conversational chatbot, which is open to the public, hit 1 million users in less than a week.
In addition to software code, it can also communicate with users, answer questions and write movie scripts like a human. Chatbots are now one of the most talked about and criticized technologies in the world.
Another such technology pinnacle that has grown exponentially over the past 12 months is the Metaverse. From HSBC and JPMorgan to Samsung and Burberry, some of the world’s leading companies have purchased land in Metaverse.
This 3D virtual space also saw Decentraland’s first fashion week. Fashion brands have also started making NFT clothing, with a virtual Gucci bag selling for $4,000.
Speaking of unexpected acquisitions, how could one forget Tesla CEO Elon Musk, who bought the microblogging platform Twitter for $44 billion only to be asked to resign as the platform’s head in a poll he initiated? one post. He was said to resign after finding someone “stupid enough to take the job”.
Since he became the head of Twitter, the platform has undergone several changes. Several badges and badges are now available to users, and blue badge users must now pay a fee.
In addition, Musk also fired about 50% of Twitter employees in his first few weeks on the job. Although, he recalled some of them after realizing his future projects needed their expertise.
But the trend of handing boots to employees hasn’t stopped on Twitter. Since November this year, several technology giants have laid off employees due to the economic slowdown. Google, Microsoft, Meta, Netflix, Snap, and just about every other big name tech company are steeped in what appears to be a season of layoffs.
In short, it’s been a year of fiascos, innovations, and promises to reimagine the future in the tech industry. Also, for some reason, everyone is obsessed with the daily word game Wordle this year.
