Emerging technology is a term generally used to describe a new technology, but it may also refer to the continuing development of an existing technology. Business leaders know they must prepare for technological upheavals in the years ahead. But keeping up-to-date on new technologies—to say nothing of understanding their complexities and forecasting those shifts—is an overwhelming task. The Economist brought this interesting topic to us in their article, “What are the emerging technologies to watch in 2022?“
When someone says new and developing, metaverse is one of the hottest buzzwords of the moment. It’s basically a virtual world created by combining different technologies, including virtual and augmented reality.
While it doesn’t technically exist yet, companies like Facebook hope the metaverse will become a place where we go to meet, work, play, study and shop. This extended reality is predicted to be the next evolution of the internet and will blur the lines between physical and digital life.
Cryptocurrency is moving into the mainstream of finance. El Salvador became the first country to make bitcoin – the original and most popular cryptocurrency – legal tender in September 2021. Central banks in Sweden, Canada, the European Union and the United Kingdom are among those considering their own digital currencies. There are continuing concerns about potential risk and fraud with this technology.
Melody K. Smith
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