Innovation 16 Changes Coming To The Web That Businesses Need To Prepare For Expert PanelĀ® Forbes Councils Member Forbes Technology Council COUNCIL POST Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. | Membership (fee-based) May 23, 2022, 01:15pm EDT | Share to Facebook Share to Twitter Share to Linkedin getty The Web may feel like a familiar space to businesses, but like everything else in tech, itās evolving. What may now seem like a series of buzzwordsā āWeb3,ā āblockchain,ā the āmetaverseā and moreāwill soon be the everyday technologies and concepts that dominate how businesses operate online. Understanding whatās coming can help businesses plan a strategy and be among the vanguard of organizations thriving in a fresh online world. Below, 16 members of Forbes Technology Council share revolutionary changes that are coming to the Web in the next few years, and how they will affect businesses. 1. User Ownership Of Data There will be a move toward privacy and data centricity. āWeb3,ā the term coined to describe the new internet, will revolve around user ownership of data, decentralization and permissionless access. Rather than gaining access in exchange for companies monetizing our data (the Web2 model), users will be able to access the internet while maintaining ownership over their data and how itās used. For businesses, this means a focus on accountability and transparency. – Iman Bashir , Craftly.AI 2. A Better Balance Of Power Between Users And Platforms Today, the Web is centralized. Tremendous wealth and power have been generated for corporations such as Facebook and Amazon that own and control content, instead of for users. Now, a transformation is taking place with the advent of Web3. Over the next decade, the Web will be built on permissionless blockchains with open standards. This will allow for a fair balance of power between users and platforms. – Balaji Sreenivasan , Aurigo Software Technologies Inc. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify? MORE FOR YOU Google Issues Warning For 2 Billion Chrome Users Forget The MacBook Pro, Apple Has Bigger Plans Google Discounts Pixel 6, Nest & Pixel Buds In Limited-Time Sale Event 3. The Rise Of The Metaverse Weāll soon see the rise of the metaverse, a platform where entire societies live, interact and transact exclusively online. Imagine 3D virtual commerce, workplaces, real estate, events, currencies and economies. From the infrastructure providers building its foundation to the financial institutions that manage wallets and payment systems, to the retailers and experience-makers themselves, every business will benefit. – David Xie , Zenlayer 4. A Move Toward Zero-Party Data One of the major changes brought by the Web was the creation of digital advertising. Today, businesses are using it to interact directly with consumers through honest dialogue rather than spying. This move toward zero-party data will create a new foundation for the Web. It will be a vast improvement and should lead to more transparent interactions between businesses and consumers. – Tod Loofbourrow , ViralGains 5. An Additional Focus On Data Privacy As we prepare for the next phase of the internet, businesses need to prepare for decentralized data and additional focus on data privacy. The internetās evolution will be built on innovations such as the blockchaināinnovations that will increase security and control for internet users. Today, businesses can start by understanding their data-sharing policies and tightening how and why they collect user data. – Edwin Huertas , Shockoe | Mobile by Design 6. New Ways For Brands To Reach Consumers Catalysts including artificial intelligence, the metaverse and decentralization will bring about very powerful ways for consumers to interact with businesses over the next few years. With Web3, self-sovereign identity brands will have the opportunity to reach consumers with unprecedented levels of precision, all while maintaining the highest levels of privacy, which is really the desired end state. – Fabrizio Blanco , Viant Technology 7. Increased Use Of Augmented And Virtual Realities Augmented reality and virtual reality will be part of our Web experience; as such, businesses will need to learn to implement these concepts to attract the new generation of customers. AR/VR is already being used for varied applications, including online movie viewing, training options and social events. – Michael Hoyt , Life Cycle Engineering, Inc. 8. Embedded 3D Experiences All the talk about Web3 has people predicting the evolution of the internet into a sort of ā3D amusement parkā with all of the users in VR headsets. Thatās not what will be revolutionary about it. In the near future, the Web will feature collaborative 3D experiences that are embedded in websites, Zoom, Slack and other existing platforms. This will allow businesses globally to gain entry to and scale such experiences. – Sam Glassenberg , Level Ex 9. The Spread Of Blockchain Technology The dissemination of blockchain technology will change the speed and transparency of business once itās included in all transactions and processes. I believe it will be a net positive effect that will lead to business transparency and integrity. – David Astoria , Pranos 10. A Move From Proof-Of-Work To Proof-Of-Stake In Blockchains There will be an evolution around the consensus algorithms used in blockchain technology, with a move away from proof-of-work to proof-of-stake. Not only is this a more sustainable approach to validating a block of transactions within a blockchain, it is also more efficient and scalable, thus allowing blockchain technology to be more widely adopted and expanding its uses outside of nonfungible tokens and crypto into more corporate applications. – Amanda Dorenberg , COMMB 11. Increased Usage Of Voice-Powered Devices Over the next few years, we will see even more people use voice-powered devices to search online. I believe this will cause Google to put a stronger emphasis on voice search friendliness. This change could dramatically shift the way websites rank for existing keywords. If youāre not optimizing for voice search, now is the perfect time to get started. – Thomas Griffin , OptinMonster 12. The Power Of Quantum Computing In 2019, the Google quantum computing team did a calculation in three minutes that would have taken current supercomputers 10,000 years. Trying to fathom what quantum computing could do is the equivalent of envisioning a smartphone in 1966. Many of us will see artificial intelligence programs running on quantum computers accessing data on 6G networks. – David Moise , Decide Consulting 13. The Decline Of Account Passwords Expect your standard practice of juggling account passwords across the internet to move behind the scenes. Soon, businesses will replace passwords with alternatives such as biometrics, PINs and multifactor authentication and turn to third-party password managers and automated security solutions to own user authentication, ending the painful process of creating new, complex passwords for all of us. – Mikael Berner , Edison 14. A Focus On Sustainability There are two topics that will impact our Web experience in the coming years: data sovereignty and energy usage (that is, sustainability/green energy). Data will need to appear to be consistent across the globe but be stored in separate containers. And people will be more aware of the energy needed for all the code thatās being written. Companies will be sharing their energy usage to show they care about the Earth. – Laureen Knudsen , Broadcom 15. More And Better Accessibility Solutions Revolutionary change will come from more effective technologies that increase internet accessibility, including for those individuals who are hard of hearing or visually impaired. Improved screen reading and speech recognition software products and solutions will open brand new doors for those who have faced limitations in the past. – AJ Abdallat , Beyond Limits 16. The Impact Of Digital Twin Technology āDigital twinā has been one of the more highly hyped terms recently. As technologies, tools and skills mature, we are now starting to see meaningful applications of digital twins at scale. Moving forward, digital twins will have a big impact on business, including monitoring operations and predicting behavior of machines, people, buildings and cities. – Maciej Kranz , KONE Check out my website . Expert PanelĀ® Editorial Standards Print Reprints & Permissions
From: forbes
URL: https://www.forbes.com/sites/forbestechcouncil/2022/05/23/16-changes-coming-to-the-web-that-businesses-need-to-prepare-for/