Last night the Wrays’ team joined The Churchill Club and PwC at the 2nd annual Top Trends Debate in Melbourne.
Covering the areas of space, gaming, creativity and biology, 4 industry-leaders spoke on the trend they believe will most impact our lives in the very near future. Each trend discussed met the required criteria of not being obvious today, but likely to be in the future; and that there’ll be an explosive impact in the area in the next 3-5 years. With 3-minutes to make their case, and an extra 60-seconds to respond to comments and questions from the remaining panel members, the speakers competed to win the audiences deciding vote to have their trend named as the Top Tech Trend, and to walk away with the award, sponsored by Wrays.
Here is a summary of what we should expect to see exploding in the tech industry within the next 3 to 5 years.
Trend 1: A New Space For Commerce, by Troy McCann
Prediction: Many existing industries will directly use space as a location for commercial activity.
Troy shared his passion and vision for the next site for global commerce; space. From commercial space programs and space mining, through to space beer, he envisions space to be the spot in which we conquer many of our on-earth issues.
Trend 2: Imagination: The Future of Game Development in Australia, by Charmaine Green
Prediction: The rise of cloud gaming is driving unprecedented demand for creative developer talent. Where will these makers thrive? In economies that can supply a mix of technical expertise and creative imagination – a market Australia could well dominate.
Charmaine focused on the creative developer hybrid, identifying the potential for Australia to lead this market thanks to the combination of imagination and technical know-how. She talked about the tribal bonds now present in the online community, and the competition to create the Netflix of the gaming world. However, the panel challenged whether the NBN be able to keep up.
Trend 3: The Future of Creativity, by Dave King
Prediction: Creativity may well be the greatest of all ambitions for artificial intelligence. But rather than teaching AI to be creative, the opportunity for it to augment our own capability is immense. Many of us will soon rely on a creative AI sidekick to help us think critically, invent and solve important problems.
Dave spoke about using AI as a creative side-kick to support conceptual creativity through a commonsensical method of AI. Can you see yourself ‘spitballing’ with a bot to solve creative problems? Some of the panel felt we were already there on some levels.
Trend 4: Biology As We’ve Never Seen Before, by J.J. Hastings
Prediction: The rapidly accelerating market for synthetic biology, with an estimated global valuation of around USD $14 billion by 2026, is able to produce fast, efficient, and customizable materials through biomanufacturing. Thus far, the approach has been to appropriate and optimize the production of biological materials and circularity from existing organisms. In future the exponential power of machine learning, coupled with computer-aided design, will lead to an entirely new array of advanced materials that have not yet ever existed before on earth.
At the intersection of multiple fields, J.J. shared how the fast growth seen in machine learning and computer-aided design is being combined with developments in the synthetic biology field to enable the creation of new materials in a more energy efficient way. With examples in the food and fashion industries, think spiderweb silk without the spiders, J.J. firmly believes AI and biomanufacturing is the future.
And the winner is… J.J. Hastings!
Following the debate, the decision of a winner was put to the audience via an online vote.
A big congratulations to J.J. Hastings who was presented with the award for the Top Tech Trend 2019 for her predictions and insights into the world of biomanufacturing. We look forward to seeing more on all of these trends over the next few years.