One of the most exciting changes we will see in the coming years is the way we gather. Several technological advances are driving this change, from artificial intelligence to 3D printing. Some are even helping us improve our social lives. For example, the latest in robotics mimics human action in order to make decisions. Other promising technologies include quantum computing and nanotechnology. These advances will lead to significant economic growth. We can expect to see the supply side miracle as well, as technological innovation transforms industry value chains.
The “metaverse” is a concept that is gaining steam, with many organizations looking at ways to integrate the technology in their own systems. This could include integrating augmented reality into existing event technology, or using an online platform as the centerpiece.
A “metaverse” is a network of physical, digital, and biological worlds. As such, it is not hard to imagine an immersive experience where humans interact with each other and the environment, including robots that are equipped with tablet computers. It is also possible to see a metaverse that is essentially a broadcasting studio, complete with live audio and video feeds to a virtual audience. However, bridging the gap between physical and virtual audiences is a tricky business.
As a result, event planners have been forced to come up with new and innovative ideas. In the coming years, the event industry will be able to rely on a plethora of technology-enabled platforms to help facilitate the symbiotic exchange of ideas. These platforms will include everything from networking, to matchmaking, to social feeds. They will also play a critical role in the way we conduct business. By leveraging this type of technology, companies will be able to improve their efficiency.
As we move forward, we will likely see more hybrid events, where speakers and attendees are both present in the same venue. These are typically facilitated by a high-quality audio and video system. Using this technology, the speaker is able to participate in the meeting remotely. Similarly, virtual attendees are able to tune in at their leisure. Depending on the size of the event, organizers may choose to utilize both types of attendees in the same location. While the technology might not be the best choice for large gatherings, it is a good solution for smaller and more intimate events.
In the long term, we can expect to see many of these innovations applied to the financial industry. We can expect to see banks develop new products based on goods flow tracking, and the integration of IoT and blockchain. At the same time, we will also see boundaries blur when it comes to payments. Until that day arrives, however, our financial institutions will need to invest in ways to maintain their competitive edge.
There is a lot to think about as we embark on the journey to the next chapter of our industry. However, there is no doubt that technological advancements will help drive the economy in the coming years.