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Emerging Technologies to Watch

February 23, 2022 / Melody Smith / Comments Off on Emerging Technologies to Watch

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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Melody Smith

Melody K. Smith has provided organizational, social media and digital communication services to a large non-profit for the past twenty years. Prior to that she championed employee engagement and communications in the healthcare field. She holds a Bachelors degree in Marketing. When not wrangling and writing TaxoDiary content for your reading pleasure, Melody writes fiction, rescues dogs and throws legendary dinner parties.