Tech Trends From the Consumer Electronics Show
With more than twenty years of experience in the world of technical innovation, we’re pretty good at predicting where tech trends will go. Part of what makes us so good at our job is a love for digging under the surface to see what’s going on and why. yet2 Project Leader, Hongyi Zhang attended CES 2022, and amidst meetings with potential partners and scouting new tech startups for current clients, she found time to jot down her impressions on the state of the tech industry.
Tech innovation remained strong over 2020 and 2021 despite COVID. A number of new innovations in consumer tech, fintech, artificial intelligence / machine learning, robotics, and not surprisingly, digital health and healthcare were on display at CES. Digital health, fitness, and wearable technologies continues to be an increasingly hot area for innovation. One particularly promising company at CES is leveraging smart sensors and machine learning for remote detection of key changes in lung acoustics and respiratory patterns of patients.
Another noticeable impact of COVID is increased consumer demand for bundled services and enhancements to smart homes. Lockdowns and hesitancy around in-person interactions has driven interest from consumers signing up to on demand services such as streaming entertainment and wellness or lifestyle services and a massive boost in food delivery. Many smart home technologies were on display at CES, including a WiFi-enabled shower that promises 80% savings in water use and energy use while provide 2X the flow rate.
Similarly, AR and VR initiatives are booming in ways that were unheard of in 2019 with many examples of virtual meetings, simulations, digital twins, remote collaboration immersive design and remote marketing and sales. Naturally, support infrastructures like cloud services, 5G adoption will continue to increase in support. This trend won’t be easily reversed even after pandemic as the new services are reshaping consumer behavior. One very exciting company at CES in particular is leveraging AR for retail applications and delivering enhanced consumer experiences by bringing gifts and artwork to life in the store through smartphone-powered AR experiences.
Lastly, Artificial Intelligence (AI) and Machine Learning (ML) continue to undergo rapid innovation growth, leading to advances in function and application of fundamental technologies like NLP & CV, and transformative applications like conversational AI and autonomous systems. This space continues to evolve so quickly and there were many exciting new startups on display at CES!
If you’d like to see what kind of work we do and keep up with tech trends throughout the year, check out our Active Projects and Open Innovation Portals. Also, consider subscribing to yet2′s monthly newsletter, where we feature our latest tech searches and offerings, along with insights from the yet2 team.
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