Hardeep Singh
Startup Trends
Continuing from part 1, here we will talk more about startup trends that could help you in starting your own startup in 2021 if you go with the flow. We give you 4 more trends that will keep on growing in the next few years.
1. Server-less and Next Generation Cloud Computing – Today, cloud computing allows many aspects of our lives. Whether we realize it or not, most of the data used in our everyday voice communication is stored in the cloud of other companies like Apple, Verizon, Google.
Serverless computing is a cloud computing execution model where providers provide backend services on a used basis. Servers are still used, but the company receiving backend services from the serverless vendor is charged based on usage, not a fixed amount of bandwidth or number of servers.
Also known as service (FaaS), serverless computing allows companies to build large-scale applications in real-time to respond to demand that can change quickly based on orders of magnitude Huh.
As we mentioned above, cloud computing provides the scalable and unlimited computing resources they need for their research and also reduces the time it takes to bring new products to market.
2. Natural Language Processing – NLP is a field of artificial intelligence that enables computers to analyse and understand human language. NLP is concerned with the interaction between computers and humans using natural language.
Speech-to-text converts human language into a programming language and text-to-speech converts a computer operation into an audio response. NLP is used in wide arrays of devices used in our daily lives.
Unfortunately, today’s mainstream voice assistant solutions – Alexa, Siri, Google Home – were not built to deal with industrial environments. The next generation of NLP is now being used in industrial IoT devices.
Back in 2019, we wrote about Onevego, a Tel Aviv, Israeli-based AI technology start-up that specializes in the fields of smart voice, speech and language processing, and next-generation NLP and language processing. Using NLP technology, Onwego enables IoT devices to be activated by voice commands even when they are offline.
3. Internet of Things (IoT) – Internet of Things is basically the idea of connecting any device to the Internet and to each other in a simple term. The device, also known as an IoT device, is a piece of hardware with a sensor that transmits data from one place to another over the Internet.
These devices include wireless sensors, software, actuators, and computer devices, and more. Unlike the early days of IoT, the next generation of IoT marked the beginning of a new era of the Fourth Industrial Revolution, also known as Industry 4.0.
In particular, Industry 4.0 focuses on smart factories that rely on the Internet of Things. It affects every industrial process from manufacturing to logistics and supply chain. IoT is one of the nine pillars or building blocks of Industry 4.0.
4. Quantum Computing – To encode. Quantum computing began in the early 1980s when physicist Paul Benioff proposed a quantum mechanical model of the Turing machine. Since then, tech giants such as Google and IBM have been working on bringing the technology into the mainstream.
Back in September, we wrote of Google that the giant became the first company to achieve quantum supremacy. Quantum computing will open new fields of possibilities and help solve previously impossible computational problems.
Final Thoughts
These trends will help start-up owners to adapt to new normality more effectively and prepare them for whatever the future holds. This is why entrepreneurs should do careful research on the market.
