The dynamic nature of the world and technological evolution has seen the extinction of some companies. This calls the need for companies not just to survive the moment but be innovative and flexible to be around in the future.
To be abreast of time and remain relevant is essential as though the trajectory of the technology can not be fully predicted, the speed it is evolving is predictable. Though fascinating things are expected, some tech companies may not be around to see it. Here are some to be considered.
With the increase in decentralised platforms, the trajectory of search engines might move from Google to other decentralised platforms.
This is purely due to the increase in Web 3.0 technology and the autonomy it gives to users. Compared to mainstream search engines that have centralised control by a single entity, a decentralised search engine is not controlled by a single entity.
Though at its inception stage, it is gradually increasing with the rise of cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. These are digital currencies operated on open-source blockchains.
The success of digital currency has seen its expansion into other areas, such as search engines and birth platforms, like Rorur, Presearch, Infrasearch, Opencola, YaCy, FAROO, and others.
For instance, Presearch, created in 2017, is an ERC20-powered (PRE) search engine with a distributed network operated by community nodes that collect information from different sources.
In 2021, the platform registered more than two million users and recorded 1.3 million daily searches. The same year, it became a default option on the search engine list on Android for the European Union (EU). in the second quarter of 2022, it migrated from Testnet to Mainnet.
With artificial intelligence (A.I) developing software applications, the Microsoft corporation might become redundant in years to come. This begs the question if AI development firms are to replace Microsoft.
A.I. is changing the mainstream software development process making it more efficient, productive and timely. With the importance of A.I., the industry is projected to generate $126 billion globally by 2025.
Web 3.0 has opened the door to the idea of decentralisation of different digital platforms. With a surcharge on subscriptions and restrictions on password sharing, the same is gradually happening to Netflix, an American subscription streaming service.
This disruption marked the gradual shift of the global film industry from centralised Web 2.0 to decentralised 3.0, with cryptocurrency start-ups harnessing it with the power of blockchain. It is further made possible with non-fungible tokens (NFTs), blockchain solutions and cryptocurrency transactions. One such platform is Moviecoin.com.
The world’s storage systems evolved from floppy disks to network-attached storage (NAS) and storage area network (SAN).
SAN storage has also evolved from little storage such as SSD and flash storage, hybrid storage, hybrid cloud storage, backup software and appliances to cloud storage.
This evolution begs whether cloud companies such as Amazon (Amazon Web Services) that provide cloud storage services will continue to exist in 100 years with the continuous discoveries of ways to store data. Though these discoveries are still preliminary, imagine what could happen in century down the line.
One such discovery is DNA digital data storage. It is the process of encoding and decoding binary data from synthesised strands of DNA.
This was used during the Davos Bitcoin Challenge at the World Economic Forum. In the DNA tubes handed out to competitors, one contains the private key to one bitcoin. It was coded in DNA. Sander Wuyt decoded the DNA and found the information to claim the one bitcoin grand prize. The Lunar Library also has an encoded DNA containing 20 famous books and 10,000 images.
One of the companies making strides in this is Illumina, an American company that provides cloud-based solutions for Genomic Data Storage.
Facebook has been experiencing a drastic drop in its number of users compared to when it first started in 2004 and eight years after it recorded its first 1 billion user base. In the Q4 of 2021, Facebook’s daily global active users reduced from 1.930 billion to around 1.929 billion.
The platform’s gradually declining and decentralised nature has seen the creation of alternative social media platforms that tend to replace Facebook. Some of the platforms are Minds and Smeeit.
The decentralised nature of the apps has seen them increase in user base and downloads. For instance, Steemit, a Web 3.0, has more than one million users. By leveraging blockchain, it gives the communities voices, rewards and autonomy.
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