The tech landscape is evolving at an unprecedented rate. What was once only a sci-fi concept is now a reality. This year, a few more tech wonders will take off (or have already taken off) and may soon become as mainstream as smartphones or Facebook. Two are spinoffs to the drone tech, one is a household robot, and another is an entertainment item.
The drone revolution continues.
In Dubai, drone taxis will soon be seen flying over the cosmopolitan emirate. Mattar Al Tayer, chairman of the city’s Road and Transport Authority, has announced that Dubai will have autonomous taxi drones soaring through its airspace this summer. And yes, these are drones that will carry actual human passengers. The groundbreaking vehicle will allow people to get transported from point A to point B by just pressing one button. The drone will automatically vertically take off and send the passenger to his destination (not farther than 30km) using a sophisticated navigation software. Meanwhile, Amazon is also capitalising on the drone trend to improve its delivery services. The Amazon Prime Air has integrated cameras and sensors that help it dodge airborne obstructions, such as birds. The U.S. Patent and Trademark Office has already granted the company a patent for a method to guide packages released from drones safely to the ground. However, the service will only be used for emergency purposes especially that regulations are not yet in place.
Robots as house helpers.
Some may enjoy cleaning, but there are still a lot of people who would like to avoid it altogether. Despite its troublesome nature, people still need to do it because if they don’t, the buildup of dirt on the floor is going to transform into a thriving ecosystem of unwanted creatures. Luckily, a new robotic tech called the iRobot Braava 380T can make the floors spick–and–span without having the homeowner break a sweat. The technology’s Pro-Clean System will clean everyday grime with the use of water or an approved mild cleaning solution. Furthermore, its triple-pass mopping action and damp cleaning cloths will make sure that no impurity gets left behind. It even sticks to the corners, efficiently sweeping in straight lines back and forth.
The rise of smart speakers.
While an exact release date is yet to be announced, Microsoft’s Harman Kardon speaker will surely be available to buyers before the end of the year. The tech is in direct competition to the Google Home and Amazon Echo. Based on reports, the software giant will put Cortana (voice assistant) on devices with screens, including Internet of Things (IoT) gadgets like smart toasters, fridges, and thermostats. Cortana’s two-way audio communications with Skype, email, calendar, and list integration are principal competitive advantages of this new tech. In addition, Microsoft is working to enable Cortana integration in the connected-car space.
With the rise of cutting edge technologies and with people’s ever-increasing appetite for innovative devices, investing in tech has become a popular trend among investors and asset managers alike. Many tech equity ETFs, such as ROBO and QTEC, have given investors easy access to stocks in the technology sector and helped them take advantage of the massive growth opportunities (although highly volatile as well) that advanced technology has to offer. In this LOM Financial article, for example, stocks in the automation and robotics sector are said to perform pretty well this year. High technology is positioned to be a major draw for many portfolio owners who wish to maximize their wealth building potential.