The global pandemic has led to the rapid acceleration of the digital transformation of many aspects of our lives: how we work, where we buy and what new services and products are offered to us. But it also revealed the insufficiency, ineffectiveness and primitive aspects of the many processes, practices and policies governing our current way of life. What technologies promise at least some progress in the near future?
In an online broadcast to a global audience, leading venture capital firm OurCrowd today released a list of what it sees as the top tech trends in mid-2021, when global venture capital finance hit a record high with more than $ 288 billion invested globally in the first half of this year. “There’s no better time to analyze what the tech trends are for the smart investor and where the tech market is going,” said Jon Medved, Founder and CEO of OurCrowd, at the opening of the ‘program. And the top 10 tech trends are …
Job. Pray. Love: life becomes virtual
From e-commerce to working from home to online meetings, the world has evolved on the screen and many tech startups have adapted to the new virtual reality or were born to be virtual. The Bizzabo event platform, for example, has pivoted during the pandemic to deliver new technologies to maximize attendee engagement at virtual and hybrid events. “We are on a mission to redefine events,” Bizzabo CEO Eran Ben-Shushan said at the virtual event. “We believe looking to the future of events … it’s about reinventing the hybrid experience.” Other startups driving this trend are Papaya Global, developer of automated global payroll while reinventing workplace integration and engagement around the world; and JumpCloud, providing secure remote access without on-premise hardware.
Science is for dinner (Foodtech)
A $ 6 trillion industry is being reorganized with plant-based and lab-produced foods, meeting increasing demands for quantity, quality and sustainability. “There is a consensus among experts that one of the biggest challenges in the food industry is finding alternative protein sources to feed the growing world population,” said Dr. Tammy Meiron, CTO of the FreshStart food technology incubator. But new alternatives are emerging: “There are several promising protein sources that are currently under intensive development: plant-based, algae and micro-algae, insects, fermentation, tissue culture, etc. The startups behind this trend are Aleph Farms, which develops cultured meat; BlueNalu, manufacturer of fresh and frozen seafood from cells grown in the laboratory; Ripple Foods, producer of alternative dairy products; and Plenty, a vertical indoor farming company.
Retailers are doubling down on digital
Personalization, localization, voice shopping and chatbots are the new tools of the trade, merging digital and commerce. Noam Levavi, CEO of ByondXR, a provider of immersive virtual showrooms, explained: “Experiences that were initially embedded in the physical world do not translate well into 2D and static images. ByondXR allows consumers to experience products in a virtual store. Other developments driving this trend include personalized advertising from Clinch; Ordergroove’s relational business experiences; and the cashless stores created by Zippin.
Water is business
Make the world’s most essential natural resource safe and abundant for all. “Water technology companies have been around for a long time,” said Eli Nir, OurCrowd partner. “What we are seeing today is a new generation of companies that are true technology companies. With significant and excellent computing in a range of fields, right down to AI and cybersecurity, using machine learning to prevent hackers from breaking into critical water infrastructure. BlueGreen Technologies is one of the startups behind this trend, removing toxic blue-green algae from contaminated lakes and restoring billions of gallons of potable water.
Logistics are suddenly sexy
Covid has revealed how vital – and vulnerable – supply chains are and the sad fact that since the introduction of standardized containers in the 1950s, little has changed. “The pandemic has more than doubled the e-commerce inflation rate from 15% per year before 2020 to almost 40% today, with a significant impact across the entire supply chain. It is clear that supply chains need to evolve in terms of efficiency, capacity and agility, ”said Ilan Reingold, CEO of BionicHIVE, a startup that turns warehouses into robotic logistics centers. Other startups driving this trend are Freightos, the international online freight market, and Trellis, which uses AI and cognitive learning to optimize the food, beverage and retail supply chain. Agriculture.
Data is getting really, really big
Data devours the world and its smart and secure application is at the center of startups such as data.world, provider of cloud-native data catalogs; Materials Zone, providing tools and services that collect, interpret and exchange data related to materials science; and Dataloop, providing a data platform for vision AI systems in development and production.
Telemedicine a day keeps the doctor away
On-site diagnostic tests, online medical visits and remote monitoring are just the start of healthcare’s entry into the 21st century, giving a whole new meaning to the term “digital transformation”. Startups driving this transformation include Tytocare, developer of a portable exam kit and app that allows consumers at home to perform guided medical examinations with healthcare providers anytime and anywhere. at any place ; Sweetch, a clinically validated disease management optimization platform; and Sight Diagnostics, changing the way blood tests are done.
Space computing maps the future
Advanced AI is both driving and exploiting the revolution in space computing, taking human-machine and machine-machine interactions to new levels. Startups driving this trend include TetaVI, a provider of affordable and portable volumetric video capture technology that creates high-fidelity holograms, delivering immersive viewing experiences on any device; Edgybees, a provider of real-time, high-precision, AI-based geo-recording, bringing clarity, accuracy and speed to critical operations in the public safety, defense, critical infrastructure and commerce sectors; and CorrActions, using data from sensors to assess a user’s cognitive state.
Energy goes green, clean and lean
Innovative solutions are needed to meet both growing energy needs and sustainability requirements. “I think there has really been a shift in the way people think about it, in part because if climate change has been the subject of a conversation for a long time, it is becoming very real now,” said Kathy Hannun, co-founder and president of Dandelion Energy, which replaces furnaces and air conditioners with ground source heat pumps that use constant temperature underground air to heat or cool a home, dramatically reducing fossil fuels and emissions. carbon. Other startups driving this trend include mPrest, whose micro-service-based real-time orchestration and optimization platform brings the power of AI and IoT to the market. digital transformation of various industries, from energy and smart cities, including oil and gas, connected cars, water, defense and other industry 4.0 applications; and H2PRO, Enabling affordable large-scale green hydrogen production.
Quantum computing strengthens, augments and strengthens
“Quantum computing does not promise us better computing. It promises computation impossible, ”Itamar Sivan, CEO and co-founder of Quantum Machines, recently told me. Other startups bringing quantum computing closer to practical applications are Classiq, boosting the development of quantum software; Entangled networks, developing quantum interconnect and supporting software to enable new multi-core architecture; and QuantLR, developer of a secure, low-cost quantum cryptography solution.
A survey by Accenture Research of 6,241 business and IT executives around the world earlier this year found that VCs aren’t the only ones wanting to invest in these technologies. 83% of executives agreed that their organization’s business and technology strategies are becoming inseparable, if not indistinguishable. And 63% of executives surveyed said the pace of their organization’s digital transformation is accelerating. “Executives aren’t waiting for a new normal, they are building it,” Accenture concluded.
The OurCrowd event was hosted by Alex Roy, a motorsport champion turned investor and tech entrepreneur. “I’m obsessed with making the impossible possible and making science fiction, science fact,” Roy said. “The best way to predict the future is to build the future.”