The Tech Goldmines: Top 5 Technologies to Fund in 2015

With the much awaited, and groundbreaking CES 2015 behind, venture capitalists are wasting no time in splashing the cash on the next big thing. The trend is a win win for both the investors and the businesses. Investing in tech is risky given how quickly newer technologies tend to go obsolete. There may be big returns, there maybe not. According to many, the trend to invest so heavily in tech is a bubble waiting to burst. Yet, the least recognized areas of the sector often hold the obscure gems waiting to disrupt the scene. That is where experts advice investors to direct their money. Here are the new technologies to fund, on which we believe Venture Capitalist money will rain in 2015.

The Internet Of Things

One of the greatest aspects of the CES 2015 was the exploration of the idea behind “The Internet of Things”. To put it in a nutshell, the Internet of Things is technology enabling all the devices in your home to be connected. There is tremendous potential in this sector. Startups like Zubie, help turn your car into a smart car which saves driving data in cloud. It allows you to observe maintenance reports as well as driving habits. Another startup called Adheretech (a healthcare startup) ensures that you are taking your medication properly and in time. Another startup called Chui helps replace using keys and passwords with facial recognition technology. Ensuring that your devices cannot be hacked given how unique your gestures, expressions may be.

Big Data

Even in Bangladesh, the term “Big Data” has become a defining element in how business is done. Big data refers to new tools to proccess and analyze gargantuan ammounts of data from newer sources. This helps them to make better and more focused business decisions. Worldwide, companies associated with big data and analytics are securing large rounds of funding for their services. In our very own backyard, Lightcastle Partners have been making a name for themselves with their expertise in analytics.

Cyber Security

Organized crime has never been smarter. Cyber crime has gone beyond sci films and is literally affecting lives. Over the past year we have seen hackers create worldwide uproar with illicit and questionable activity ranging from the infamous iCloud hack leaking private photos of celebrities to Sony’s server hacks (which helped us watch the very anticipated, controversial albeit extremely mediocre film ‘The Interview’). Be it your business website, or you e-wallet, or your amorous texts with your partners, no data on the web is safe. This has created a need for smarter, innovative and more sophisticated cybersecurity measures. There is bound to be fast growth among security startups who sell simple security services to businesses such as scans, pen tests, fraud checks, and cyber intel.

3D Printing

There actually were 3D printed pizzas in CES 2015. 3D printing is fast gaining popularity. 3D printing could actually revolutionize the manufacturing industry. For example, car companies can produce parts quickly and on demand in factories, instead of only being able to build prototypes, thereby saving time and money. BMW saved 58% in costs and 92% in time by manufacturing its parts with Stratasys, (one of the world’s largest 3D printer manufacturers). It is also looking to revolutionize medicine, as companies like Organovo working on printing arteries and organs that can be custom fit to individual nuances in the bodies of different people. This eliminates risk of human error (you’ve definitely heard scary tales of surgeons leaving scalpels inside patients. Brrrr..). With so much promise, this industry is bound to be going places.

Bitcoins

Bitcoin is an e-currency made by computers creating series of unique numbers through complex math problems, and accepted by a growing number of individuals and businesses because of the speed and low cost of transactions. This industry has seen its fair share of ups and downs, yet more and more businesses are starting t help make Bitcoin transactions more secure. for example, BitStash. They produce and provide ultra secure Bitcoin wallets at an affordable price. With more and more businesses accepting large amount of money in Bitcoins, very soon it will be a norm with different support businesses around it making bitcoin transactions.

Md Mushfiqul Huq

Shoumik is a business student from North South University. He is a metal head, fiction writer, and an avid comic book fan. Shoumik is highly fasinated by entrepreneurship and its strategic aspects and loves coming across intelligent, innovative people with bright ideas for a better Bangladesh.

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