The ever-present demand for faster, cutting-edge solutions is driving the components sector to new heights as technology trends evolve in both business and consumer use.
Recent industry reports suggest component suppliers will benefit from these technology trends as the need for components and electronic solutions increases to meet demand.
Technology Trends in 2019
Analysts at the Gartner Symposium/ITxpo 2018 in Orlando recently explored emerging technology trends and published them as the Gartner Top 10 Strategic Technology Trends for 2019.
According to the report, a strategic technology trend is one “with substantial disruptive potential that is beginning to break out of an emerging state into broader impact and use, or which are rapidly growing trends with a high degree of volatility reaching tipping points over the next five years.”
In short, strategic technology trends are hot-button, emerging tech areas which have the potential to explode in the next five years.
How Components Fit into Gartner’s Tech Trend Forecast
The Gartner report’s comprehensive list encompasses many areas of technology. Everything from Augmented Analytics, AI-Driven Development, Blockchain Technology to Digital Ethics and Smart Spaces made Gartner’s 2019 STT roster.
Three of the list items relate specifically to components and are detailed in the report.
Robots, drones, and autonomous vehicles fall into the class of autonomous things, all of which use AI (Artificial Intelligence) technology. Such technology now automates functions once carried out by people. This type of automation transcends former programming models as AI renders advanced, more natural interactive behaviors with people and their surroundings.
David Cearley, vice president and Gartner Fellow, talks about the future evolution of individual “intelligent things” eventually working together as a “swarm of collaborative, intelligent things” either with or without human input.
Imagine a team of AI beings such as robots and drones working together to accomplish a task like farming a big plot of land. Or, imagine an autonomous vehicle transporting and delivering packages. The possibilities are endless.
Empowered Edge uses endpoint devices such as an individual’s phone, as well as devices embedded around us. As people use endpoint devices, “information processing and content collection and delivery are placed closer to these endpoints.”
This serves to localize traffic and processing, thus reducing overall latency.
Edge is being driven by the Internet of Things (IoT) with the goal of keeping processing away from a centralized cloud and closer to endpoints. However, this doesn’t dictate a need for creating new architecture. Instead, “cloud computing and edge computing will evolve as complementary models.”
Edge devices will reportedly evolve over the next five years to include specialized AI chips, greater processing, power, storage and other advanced capabilities. Tapping into a more mature 5G network means the edge computing arena will provide “robust communication back to centralized services.”
The report defines a smart space as an “environment in which humans and technology-enabled systems interact in increasingly open, connected, coordinated and intelligent ecosystems.”
Currently, smart home devices allow people to control a series of processes at home from any location.
Smart spaces broaden the concept to the community level. People, processes and services will blend in a more immersive, interactive and automated environment. Think smart cities, digital workspaces, businesses and beyond.
These three areas of trending technology alone will serve to fuel the components industry in Q4 and well into 2019.
What do you think about these three trends in emerging tech?
What other ones are on the horizon and will further drive demand in the components industry to bolster its supply?
Let us know in the comments below.