As another year comes to a close, people are providing their insights and predictions to what will happen in 2018. You may have already noticed some of those articles. If not, let this be the first one you see this year!
AI Trends for 2018
Artificial Intelligence was possibly the biggest buzz word of 2017. According this Inc. article, the hype will die down, but we can also expect to see these top 5 AI trends in 2018:
- Natural language will replace specific commands
- Emotion recognition will deeply enhance the bot/human relationship
- AI will bring big data analytics to the masses
- The debate on ethics will only get more heated
- The hype will start to die down
Cybersecurity in 2018
Another hot topic throughout 2017 was cybersecurity and Inc. also put out an article with an outlook on that topic. Here’s a summary of what they think, based on a conversation with Steve Morgan, Founder and Editor in Chief at Cybersecurity Ventures:
- Cybercrime will cost the world $6-trillion annually by 2021, up from about half of that figure in 2015.
- Global spending on cybersecurity products and services will exceed $1 trillion from this year through 2021.
- There will be 3.5 million unfilled cybersecurity jobs globally by 2021, up from 1 million positions in 2014.
- The cybersecurity unemployment rate dropped to effectively zero percent in 2016, and is expected to remain at effectively zero through at least 2021.
- There are 111 billion new lines of software code that need to be secured in 2017, and that figure will grow dramatically every year over the next five years.
- Global spending on cybersecurity products and services by healthcare-related firms (which are currently the firms facing the most cyberattacks) will reach $65 billion cumulatively from 2017 through 2021.
- Global ransomware damages will exceed $5 billion in 2017 – up 15X in just 2 years – and ransomware attacks on hospitals will quadruple by 2020.
- The number of cybersecurity engineers and analysts in the Washington D.C. beltway area is 350% more than the rest of the United States combined.
- Spending to train employees on security awareness will exceed $10 billion annually by 2027, up from $1 billion in 2014.
- Wi-Fi and mobile devices will account for nearly 80 percent of IP traffic by 2025. Bring-Your-Own-Device and mobile apps will pose a major security threat to the enterprise over the next eight years.
- People around the globe will need to secure 300 billion passwords by 2020.
- High throughput DDoS attacks, as well as IoT botnet attacks, will force many organizations to move their IT infrastructures to the cloud by 2020.
- Newly reported zero-day exploits will rise to one-per-day by 2021, up from one-per-week in 2015.
Gartner’s Predictions for 2018 and Beyond
Finally, in early October, Gartner release their top strategic predications for 2018 and beyond:
- By 2021, early adopter brands that redesign their websites to support visual and voice search will increase digital commerce revenue by 30%.
- By 2020, 5 of top 7 digital giants will willfully self-disrupt to create their next leadership opportunity.
- By the year 2020, the banking industry will derive $1B of business value from the use of blockchain-based cryptocurrencies.
- By 2022, the majority of individuals in mature economies will consume more false information than true information.
- By 2020, AI-driven creation of “counterfeit reality,” or fake content, will outpace AI’s ability to detect it, fomenting digital distrust.
- By 2021, more than 50% of enterprises will spend more per annum on bots and chatbot creation than traditional mobile app development.
- By 2021, 40% of IT staff will be “versatilists” holding multiple roles, most of which will be business- rather than technology-related.
- In 2020, AI will become a positive net job motivator, creating 2.3M jobs while only eliminating 1.8M jobs.
- By 2020, IoT technology will be in 95% of electronics for new product designs.
- Through 2022, half of all security budgets for IoT will go to fault remediation, recalls and safety failures rather than protection.
What predictions do you have for the future of technology?