Investing in tech has been a lucrative play for decades. A significant silver lining to the recent global pandemic has been the fueling of a boom in the technology market. Successful technological innovations are products of an evolutionary process of trial-and-error and continuous, iterative improvements.
Many of the fledgling technologies of the years, since the millennium, are now poised to reshape the market and the world. We have seen eCommerce, payment technology, cybersecurity, and more become prime commodities in just the past few years - boosted by the adoption of new trends (e.g., work-from-home, online banking, digital stores). These rising technologies appeal to investors primed to cash in on the tech market.
Applied AI is a far cry from early attempts at integrating artificial intelligence into machines and computing processes. The new generation of AI is capable of algorithms that distinguish patterns and, more critically, to then interpret and act on those patterns. According to McKinsey, optimized AI helps computers make sense of real-world data such as video or images captured via computer vision, text (natural-language programming [NLP]), and audio (via speech technology).
How is AI impacting the world we know?
Zero Trust architecture is gaining steam as enterprises shore up their cybersecurity protocols, to prevent cyber bad actors from accessing their networks.
Traditionally, an IT security network is based on the castle-and-moat concept where everyone inside the castle (network) are trusted users by default. Cloudflare states that the problem inherent in this setup is that once an unauthorized entity gains access, they are free to enter the network and wreak havoc inside.
Zero Trust architecture, on the other hand, trusts no one, whether they are inside or outside the network perimeter. While Zero Trust architecture is a set of cybersecurity principles, not a product or a service, numerous cybersecurity startups now provide sophisticated architectures that combine networking access and Zero Trust concepts. This development is sparking funding deals in the cybersecurity market.
Forbes reports that among the recognized Zero Trust startup providers recently involved in multi-million funding deals this year are:
By 2023, nearly 70% of enterprises will have implemented Zero Trust architecture. According to Firemon, this makes for a white-hot niche for investors to watch.
People and enterprises alike want faster connectivity across long distances. With 5G networks and IoT, businesses are set to enjoy unprecedented network availability and capabilities including digitization of manufacturing, wireless control of mobile devices, machines, and robots, and remote monitoring 5G broadband cellular network and IoT will deliver agile and fast connectivity, boosting business operational synergies. Consider these telling facts and projections related to this space:
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