The market for AI is growing rapidly

The predicted average annual growth rate of the global market for artificial intelligence is 46.2 per cent. By 2025, the market volume is estimated to be USD 390.9 billion.

(Source: Research and Markets)

AI’s performance increses

In a year and a half, the time required to train a large image-classification system on cloud infrastructure has fallen from about three hours in October 2017 to about 88 seconds in July 2019. During the same period, the cost of training such a system has fallen similarly.

(Source: Stanford University, “The AI Index 2019 Annual Report”)

Masses of semiconductors

2018 – the year in which more than 1 trillion semiconductors were sold for the first time.

(Source: Semiconductor Industry Association, SIA)

The number of people without access to electricity is decreasing

In the year 2010 there were 1.2 billion people worldwide without access to electricity, however, the number dropped to 789 million in 2018. Because renewable energy solutions have played a crucial role in growing the number of people with access to electricity. In 2018, more than 136 million people had a basic off-grid supply of electricity from renewable energy.

(Source: International Renewable Energy Agency, IRENA)

Jobs in renewables

42 million jobs in 2050: Jobs in renewables will reach 42 million globally by 2050, four times their current level, through the increased focus of investment on renewables. Energy-efficiency measures would create 21 million additional jobs, and system flexibility another 15 million.

(Source: International Renewable Energy Agency, IRENA)

Research is ongoing

Over USD 1.8 trillion: Investment in research and development in the ten leading countries in 2019.

(Source: Statista)

Internet users wordwide

Today 4.1 billion people use the Internet. That amounts to 53.6 per cent of the world’s population. In 2005, this figure still stood at per cent.

(Source: International Telecommunication Union)

People’s health continues to improve

Life expectancy at birth increased worldwide from 46 years in 1950 to 67 years in 2010 and, most recently, to 73.2 years in 2020.

(Sources: The Millennium Project, UN)

The post Progress in technology 2021 appeared first on Future Markets Magazine.

We will have even more need of such passionate techies in the future, as solutions to the problems of tomorrow can only be found with their creativity.

Back when the integrated circuit was invented, there will still around 2.5 billion people on the planet. Nowadays, there are just shy of 8 billion. By the end of the century, the UN anticipates that the world’s population will increase to 11.2 billion. Sustainability is vital if all of these people are to enjoy a life worth living.

Agenda 2030

In 2015, UN member states published 17 goals for sustainable development in the “2030 Agenda”. These goals link the principle of sustainability with the fight against poverty and economic, environmental and social development.

Technology in many sectors can help in achieving these goals. For instance, future technologies will reduce the cost of education, transport and healthcare. At the same time, solutions for strong authentication and identification will help to validate sources of information.

With innovative technologies, it will be possible to produce meat, milk and other animal products directly from genetic material. And all those things without breeding livestock, saving energy, land, water and greenhouse gases. But these are just a few examples. There are still many more applications where technology can provide greater sustainability in the sense of the UN’s targets.

Semiconductors play a crucial part in many of these developments. Chips that are getting progressively more powerful and cheaper, are the foundation for future technologies. So it’s not surprising that the global sales of semiconductors rose from USD 149.4 billion in 1999 to USD 412.3 billion in 2019, according to the SIA’s 2020 Factbook.

The demand for semiconductors is mainly driven by products that are ultimately bought by end consumers. Whether laptops or communication devices like smartphones. As the capability of semiconductors increases, they are making it more affordable to build modern infrastructure. This is causing demand for them to grow exponentially in emerging markets in Asia, Latin America, Eastern Europe and Africa.

EBV provides the passion for technology

EBV shares this passion for new technologies. With our products and our expertise, we assist our customers in transforming their passion into real products and solutions.

Slobodan Puljarevic

Former President of EBV Elektronik

Read more here about EBV Elektronik.

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