Asia is hitting new peaks across multiple markets in terms of technological advancements. In particular, Southeast Asia is said to be racing ahead to become the next Silicon Valley of the region. China, Singapore, Hong Kong, India are among the few countries that are thriving beyond challenges to lead the wave of disruptive technology and the fourth industrial revolution across entire Asia. The year 2020, despite economic crunches, is bound to catalyze the advancements in the technology sector.
Singapore, which is presently leading 5G development in the region, according to CIO India, is not the only country in Southeast Asia pursuing 5G at scale. In April 2019, Cambodia’s telecoms regulator announced that it had signed a deal with Chinese firm Huawei to deploy 5G infrastructure in the country by 2020.
Across Asia, it looks like the acceleration in the IoT market is driving the need for a low-latency 5G network, as the current 4G network is not well-suited when it comes to coping with rising demands induced by human-machine collaboration.
Moreover, Augmented Reality and Virtual Reality are being predicted to be the next big thing in Asian countries. Especially, countries like China and Singapore are in a better place to expand the market of better immersive headsets while making it available at commercial targets.
Also, modern iOS and Android devices are extremely capable to run such innovative experiences with great precision.
Furthermore, as noted by Entrepreneur, here are predictions made by industry experts who believe, technology is going to take a new turn across Asia in 2020.
Dr. Silvia Pfeiffer, CEO of Coviu, an Australian health company
“As technical advances continue and network connectivity issues become less and less, in 2020 we’ll see more healthcare clinicians get on board with telehealth technology and start to offer video visits as part of their standard services. This is absolutely critical in not only helping to bridge the healthcare gap between rural vs metro areas, but also in giving busy professionals, or those with mobility issues, the opportunity to access quality healthcare services, as and when they need it.”
Chris Noone, CEO of car subscription service, Carly
“Big data has been the domain of large corporations but it was of little relevance to mere mortals, until now. In 2020 we will start to see the combination of big data and transport tech deliver real benefits in terms of better traffic management, smarter public transport, and more intelligent cars that can make commuting faster and easier to organize.”
He also believes that “Voice tech such as Alexa and Siri has been emerging for a very long time. The killer selling-point which gets masses to switch to using virtual assistants on a daily basis simply hasn’t arrived. My bold prediction for 2020 is that we are close to that inflection point. The technology is continuing to expand, especially around personalizing the assistant so it can pick up on things like your mood. This is much more impactful than meets the eye: a smartphone AI assistant that you can trust, and can tell you’re getting stressed when driving or can predict needs based on your mood is enormously powerful. Unlike autonomous cars, having an AI personal assistant like Iron Man’s ‘Jarvis’ to help you through the day isn’t that far away.”
Carl Hartmann, co-founder of Shortlyster, a hiring optimization platform
“While trends like automation will continue to impact companies, by being able to have a data-driven view around soft skills, personalities, and adaptability, this represents an enormous opportunity to transition impacted workers to more strategic, dollar productive jobs through upskilling, learning and development.”
Yanir Yakutiel, CEO of Lumi, a platform that helps small businesses get loans
“We’re going to start seeing a lot of services that have been transitioning towards automation. Mainstream acceptance of automation is happening whether that’s through credit decisions or Robo-advice. This is driven by both improvements in AI technology but also by data sending.”