FX.co ★ 7 groundbreaking technologies to change the future

Deep learning

Nowadays, developers are creating algorithms that ameliorate artificial intelligence (AI) software programs. For this purpose, they use Big Data. Such innovations are implemented in smart speakers, self-driving cars, etc. Experts predict that by 2024, the popularity of such a technology will grow by 36%. Shares of companies working on deep learning technologies will come in at $30 trillion by 2037. Analysts think that Amazon, Alibaba, Intel, and Microsoft will be the leaders in this industry.

Streaming services

Streaming media is an online platform that broadcasts various video materials. It includes audio, video, and any other information that a user receives from a streaming provider. The user can get access to the platform in real time even from a remote area. Streaming services provide music, films and other videos for their subscribers. In 2024, this branch is expected to expand by 35%. Yandex, Apple, and Netflix will profit the most from this innovation.

Electric transport

According to analysts' calculations, by 2022, the production cost of electric vehicles will be lower than the gasoline-powered cars. In two years, by 2024, experts forecast rapid growth in the production of electric vehicles by an impressive 79%. Alphabet and Tesla will take the lead in this industry.

Smart robots

According to preliminary estimates, in 2024, the industrial robot cost will decline by almost 50%. The demand for robotics assistants among large companies will increase significantly. The efficiency of robots, especially when it comes to physical labor, such as car construction and other equipment, is much higher and 95% cheaper than that of humans. In four years, analysts predict a 25% surge in this market. Amazon, Kuka, and iShares Automation & Robotics UCITS ETF will be the leading companies in this industry.

Expansion of driverless cars

In the nearest future, the everyday urban landscape will include not only electric cars but also driverless ones. According to experts, the widespread use of unmanned vehicles will significantly cut travel costs. Subsequently, the number of private cars will drop as well. By 2024, the driverless car market is expected to soar up by 29%. Alphabet, Yandex, and Tesla are likely to succeed the most in this market.

DNA sequencing

Experts consider the sequencing of individual DNA molecules to be one of the breakthrough technologies of the future. DNA molecules-mapping is the process of determining the sequence of nucleotides in the human genome. By using this technology, scientists will be able to identify the composition of DNA in order to disclose mutations in the cell and find out what causes the pathology. This method is applied to the therapy of cancer treatment. Throughout its development, the cost price of this method has decreased to $1 thousand from $3 billion. By 2024, analysts expect this market to rise by 43%. Illumina will be the most successful company in this field.

Enhanced medical pills

In the future, several innovations in medicine such as DNA sequencing, the human genome editing and large-scale implementation of AI will improve the quality of the pills. These technologies will help to shorten the time of drug development as well as enhance its efficiency. By 2024, the capitalization of drug manufacturers will advance by $9 billion. CRISPR Therapeutics, Editas Medicine, and Intellia Therapeutics will be one of the most advanced companies in this market.