Technology has played a key role in the growth of nations, allowing businesses to reduce costs, increase efficiency, and increase output. It also helps in reducing global poverty and helping to promote sustainability for the environment.

As the pace of change continues to accelerate, technologies of the future are set to transform the way we work and live. These technologies, ranging from the IoT and predictive analytics to cloud computing, will enable us to automatize processes, manage huge datasets and make more informed decisions faster than ever before.

AI is already changing the world, through applications like voice recognition, image identification and natural language processing. But its potential goes far beyond that. For instance, advancements in the field of generative AI upcoming technologies allow algorithms to create video that is nearly identical to human-created content. This could have a major impact on the advertising, media, and entertainment industries.

Robotics is a sector where AI advances are transforming businesses. These technologies, whether in manufacturing as industrial robots or in healthcare, such as surgical robotics, are increasing efficiency and productivity while enhancing security.

Other technologies that make the future more practical include smart clothing, exoskeletons and wearable devices that can monitor vital signs and even detect the presence of diseases. Despite a tough market with high interest rates that have hurt equity capital investments and hiring, continuing investments in frontier technologies show an upward trend over the long-term. For instance, the rapid growth of generative AI and immersive reality is opening new possibilities in interconnected trends like robotics and virtual/augmented reality.