Identifying technology trends can actually be thought provoking. Not because they are completely accurate, but because no one can predict the future, but because they see the future from a different perspective. I’m here. It also often describes trends in a way that non-technical people can understand and that technical people can understand.
CB Insights may have achieved this arduous mission through a combination of technology and applications. Remember, CB Insights sees the world through the eyes of venture capitalists and entrepreneurs, providing a complementary perspective to Gartner, Forrester, and IDC worldwide. So we see the following 11 trends:
1. “Immortality as a Service. Humans have fantasized about extreme longevity for thousands of years, but the age-old pursuit is now attracting renewed interest from VCs and tech companies.
2. “The Super-App Secret Invasion. The groundwork is being laid for a massive clash of Super-App-level platforms vying for control of consumers’ online lives.
3. “The rapid resurgence of fintech. Fintech start-ups are facing the most difficult market conditions since their inception, but many are looking to expand into new territories and cater to the enterprise. Already adapted.
4. “Bots in the home. Technology leaders and start-ups are exploring how robots can safely operate in our homes, whether as cleaning aids or empathetic companions.
5. “Virtual power plants. Distributed energy systems are gaining momentum as demand for renewable energy increases, concerns about grid stability grow, and communities grapple with rising energy prices.
6. “Healthcare’s Invisibility Trick. Surrounding health monitoring goes beyond standard remote patient monitoring approaches to continuous data via ever more connected, less invasive devices.” Collect.
7. “Smell is going digital. The digitization of scent is a complex process, but olfactory technology is making great strides and could impact industries like food, retail and healthcare in the coming year.”
8. “Femtech turns menopause. As the women’s health sector continues to expand, more startups are turning their attention to underserved issues such as menopause.”
9. “Bio-based materials boom. Companies are transforming substances derived from natural sources such as mushrooms and seaweed into next-generation materials.
10. “The Rise of Indian Tech. VCs are betting on India in hopes of taking advantage of the next big period of growth in the startup ecosystem.
11. “Regenerative agtech takes root. Enabling technology startups are gaining momentum as fashion brands and food giants turn to regenerative agriculture to reduce emissions.”
Here’s how CB Insights sees the flow of money from the venture community. It’s where startups should continue to focus and where innovation can be readily applied.
worthy of attention
Let’s take a closer look at some of these trends.
“Immortality as a Service” is where science meets healthcare and the cloud meets the endless demand for longevity. Advances in cell rejuvenation, organ regeneration, drug discovery, and “supplements” to reverse, or at least slow down, the aging process are the markets. Much of the optimism here, expressed as investors in start-ups, is fueled by the intersection of demand and technology, especially cellular, drug discovery, big data, and AI. In fact, when markets emerge, they are almost always the result of convergence. Markets are always validated by demand and promise. Timing is always tricky here, but obviously big bets are being made when big money starts flowing in.
“Super App Secret Invasion” Accelerates the trend towards a technological oligarchy. Most online consumers prefer application integration, and when this happens, a lot of data is leveraged to make the “super app” really work. Automated transaction processing will become commonplace. Note what CB Insights has to say about current forecast trends.
“According to comments made by Google SVP Prabhakar Raghavan in July 2022, about 40% of young people in the US now use TikTok or Meta’s Instagram instead of Google Search or Maps to find a place to have lunch. As for social media platforms, they are now layering commerce capabilities as more consumers use them as their de facto search engine.”
“Meta’s super-app goals, for example, may be most apparent with WhatsApp, the messaging service it purchased in 2014. In November 2022, the company announced its “vision to bring the entire shopping experience directly to WhatsApp chat. ” was announced. First, his WhatsApp users in certain countries can now search for businesses within the app, send direct messages and make payments via chat. Meta plans a course to handle discovery, messaging, and payments for his over 2 billion WhatsApp users worldwide. “
You are almost done. There are all sorts of motivations for mega tech companies to pursue developing online (and beyond) dinner apps. ERP, CRM, and infrastructure companies are all entering the race at the enterprise level. Newcomers work with online and enterprise technology oligarchs.
“A bot at home?” absolutely.
“Recently, incumbent technology companies such as Amazon, Google and Dyson have made notable moves in the space of consumer robots, transforming the home and putting themselves at the heart of consumers’ daily lives. It shows that the competition for
If venture capital is the measure of trends, home robotics is on track.
But it goes beyond just technology to help with household chores. Companionship is another target.ElliQ, a small robot from Intuition Robotics, is designed to provide companionship for people who spend most of their time at home, especially the elderly. “
“The bot uses AI to conduct natural conversations, tell jokes, play games, and make suggestions to promote healthy habits. Intuition Robotics has raised $56 million to date from investors including Samsung NEXT, Toyota Ventures and iRobot May 2022, New York State Department of Aging (NYSOFA) has announced plans to distribute 800 ElliQ units to seniors.”
“Miko, a Disney Accelerator graduate, provides AI-powered companion bots to educate and entertain children. The India-based company, which has raised $70 million to date, will begin collaborating with Disney across 140 countries in August 2022.”
Technologists have been talking about bots like this for over a decade, but now’s the time to track that money carefully.
Healthcare is subject to all digitization. Telemedicine has already become a mainstay in the delivery of medical services. In fact, telemedicine is where AI, analytics, IoT, and automation enter a marriage that no one will actually see. this is “It’s the invisible trick of healthcare. “
The most interesting thing here is continuous, automated proactiveness. This is what CB Insights calls “surrounding health monitoring” or “remote patient monitoring.” “Heart rate, respiration and movement are already present, but less obvious markers such as blood pressure and oxygen saturation present a more difficult case to decipher.” But make no mistake, they crack. Startups and rich investment pockets are everywhere. Additionally, cost reductions from the collapse of the healthcare system (particularly in the United States) will drive even more investment. In addition to these technologies, technologies such as augmented and virtual reality will also play an important role in the monitoring and delivery of transformed healthcare.
“Femtech turns into menopause” A new step towards women’s health. Specialization is a trend here, as well as a demographic that defines investment strategies. Postmenopausal areas of focus include women’s sexual health, cancer, fertility, maternal and mental health, among other areas ripe for investment. The same approach can be taken with men’s and children’s health. It’s easy: “In 2023, menopause-focused startups will gain traction from both consumers and investors, increasing competition to enter the underserved market and attracting more women. Be aware that health companies are looking to expand their appeal to a wider age group.” The gap between underserved markets and technology platforms is closing.
“Technological Rise of India” It’s an opportunity that needs to be tracked. evidence?
“Major technology companies, including Apple, are moving some operations from China to India, adding infrastructure to support their technology and building expertise in India. device makers have rapidly started and scaled production in India for the iPhone 14. While the majority of iPhones will continue to be made in China, analysts at JP Morgan expect to have four by 2025. We expect one iPhone to be manufactured in India, which will further define the tax regime for AI and quantum computing and VC profits.”
All the ingredients are in place, especially given China’s growing social, economic and political challenges.
follow the money
One of the best trend indicators is money. smart money? other people’s money? Good question, but the money is real enough and based on informed, data-driven ‘bets’. Is it possible that the trend is wrong? Of course, “wrong” should be defined in terms of timing rather than direction. These trends also change over time. However, morphing does not invalidate the underlying trajectory. CB Insights got this right.