A man wearing a face mask uses his mobile phone as he exits a subway train in Beijing on December 17, 2020. AFP
A man wearing a face mask uses his mobile phone as he exits a subway train in Beijing on December 17, 2020. AFP
A man wearing a face mask uses his mobile phone as he exits a subway train in Beijing on December 17, 2020. AFP
A man wearing a face mask uses his mobile phone as he exits a subway train in Beijing on December 17, 2020. AFP

Augmented reality and 5G: How technology will shape our world in 2021


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Technology has never been more fundamental to the way we live, and the Covid-19 pandemic has only made that integration stronger. When the virus kept us physically apart, our gadgets kept us connected. They were also central to the contact tracing that endeavoured to keep us safe. We can be thankful that such advanced technology was on hand to help us navigate such an extraordinary year, and yet its critical role has put huge power and control in the hands of a small number of private companies. That inherent tension is set to become even more profound this year.

Working lives across the globe will continue to be disrupted over the next few months, as governments and businesses encourage people to work from home to keep the virus at bay while vaccination programmes are implemented and inoculations take place. But technology has shouldered the burden of mass remote working so effectively that it may well be here to stay.

As our homes adopt new identities, doubling as office spaces, classrooms and gyms, we’ll continue to reach for emerging smart home technology, from air purifiers to smart workout mirrors, from digital whiteboards to a mass of entertainment streaming services. The way we communicate will also continue to drift away from text and towards video and audio. Less focus on the keyboard, more on each other. That change will have voice assistants continue their rise to ubiquity.

A customer walks out of an Amazon Go store in Seattle in the US without needing to pay at a cash register due to cameras and sensors that track goods that shoppers remove from shelves. Reuters
A customer walks out of an Amazon Go store in Seattle in the US without needing to pay at a cash register due to cameras and sensors that track goods that shoppers remove from shelves. Reuters

Augmented, extended and virtual reality will facilitate new advances in education and health. After all, even when the threat of the virus eventually subsides, remote teaching and remote diagnosis will stand to benefit millions of people worldwide. Wearables will log ever more detailed health data, and the idea of physically visiting a doctor may soon become outmoded. The coronavirus has accelerated technological development in other areas, too, most notably the expansion of Amazon's chain of Go stores, where checkout-free shops use cameras and AI to track shoppers and bill them automatically.

Apple iPhone 12 Pro seen on display at an Apple store in Taipei. Getty Images
Apple iPhone 12 Pro seen on display at an Apple store in Taipei. Getty Images

Nearly every field of technology will take greater advantage of 5G this year. Last year was meant to be its big moment, but the pandemic caused well-laid plans to be scrapped. In recent months, however, a clutch of new 5G phones – most notably the iPhone 12 range – have been eagerly snapped up by consumers.

According to Swedish company Ericsson, there are already 218 million 5G subscriptions worldwide, a number that has outstripped predictions. Despite conspiracy-fuelled fears about the technology, it is clear that there is now huge demand for it. Devices will become cheaper and networks will continue to expand; 60 per cent of the global population should be reached by 2026, making 5G the fastest-deployed mobile network ever. The impact of this will be felt not only on a personal level, but also across all industries, from farming to gaming, as automation and connectivity come together to create the much-touted “Internet of Things”.

Tesla has announced that the company will launch its Full Self-Driving subscription early this year, which 'enables a new level of safety and autonomy'. AFP
Tesla has announced that the company will launch its Full Self-Driving subscription early this year, which 'enables a new level of safety and autonomy'. AFP

One sector that will benefit hugely from this connectivity is the car industry. Elon Musk, chief executive of Tesla, announced on December 20 that the company will launch its Full Self-Driving subscription early this year, which “enables a new level of safety and autonomy”. Without regulatory approval, human drivers will still be legally responsible for their vehicles, but FSD is set to “offer more insight into how your Tesla perceives the world around you and future Full Self-Driving Capabilities”. Think of it as a proof of concept, reassuring the public that this technology actually works. Meanwhile, across the world, from Arizona to Shanghai, driverless taxis are waging a similar PR drive, carrying passengers safely to their destinations.

The use of 5G will also mean a big increase in the amount of data being generated by us and by machines. That means more computer analysis of how the world works, and algorithms getting better at predicting behaviour. This will inevitably be met with pushback from privacy campaigners.

Facial recognition systems came in for sustained criticism last year, as the implications on civil liberties began to be more widely understood; as a consequence, IBM and Microsoft announced their systems would not be made available to law enforcement agencies. The question of who gets to see the data we generate cannot be forgotten.

Growing piles of data also means a greater dependence on security to keep it safe. Passwords, for so long the ineffective gatekeeper of personal and corporate information, will have to take more of a back seat. Every minute of every day, cyber crime costs the global economy $2.9 million, with about 80 per cent of those attacks directed at password-cracking. Microsoft announced in recent weeks its vision of passwordless access for all its customers this year. More of us will begin to use hardware keys to secure access to the services we use, and not before time.

It’s become traditional to label every year a bad one for Facebook, but in fact every social media network has suffered reputational damage over the past 12 months. The dominance of Facebook, Google and Amazon is set to be challenged by several lawsuits in several territories this year, as lawmakers take action over data privacy, misinformation and anti-competitive behaviour.

But what about the gadgets that used to make technology such a carefree topic of conversation? The entirely virtual CES show, due to take place on Monday, January 11, will have Samsung launch rival phones to the iPhone 12, continue its commitment to foldable tech, and new screens that it's boldly calling "future of the display". It's a small reminder that technology, despite its critical role in society, can still generate a small buzz of excitement for those who love a shiny new toy to play with.

The biog

Name: Younis Al Balooshi

Nationality: Emirati

Education: Doctorate degree in forensic medicine at the University of Bonn

Hobbies: Drawing and reading books about graphic design

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

RESULTS

6.30pm Handicap (TB) US$65,000 (Dirt) 1,400m

Winner Golden Goal, Pat Dobbs (jockey), Doug Watson (trainer)

7.05pm Dubai Racing Club Classic Listed Handicap (TB) $88,000 (Turf) 2,410m

Winner: Walton Street, William Buick, Charlie Appleby.

7.40pm Dubai Stakes Group 3 (TB) $130,000 (D) 1,200m

Winner Switzerland, Tadhg O’Shea, Satish Seemar

8.15pm Singspiel Stakes Group 3 (TB) $163,000 (T) 1,800m

Winner Lord Giltters, Adrie de Vries, David O’Meara

8.50pm Al Maktoum Challenge Round-1 (TB) $228,000 (D) 1,600m

Winner Military Law, Antonio Fresu, Musabah Al Muhairi.

9.25pm Al Fahidi Fort Group 2 (TB) $163,000 (T) 1,400m

Winner Land Of Legends, Frankie Dettori, Saeed bin Suroor

10pm Dubai Dash Listed Handicap (TB) $88,000 (T) 1,000m

Winner Equilateral, Frankie Dettori, Charles Hills.

Company Profile

Company name: Big Farm Brothers

Started: September 2020

Founders: Vishal Mahajan and Navneet Kaur

Based: Dubai Investment Park 1

Industry: food and agriculture

Initial investment: $205,000

Current staff: eight to 10

Future plan: to expand to other GCC markets

TV: World Cup Qualifier 2018 matches will be aired on on OSN Sports HD Cricket channel

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

Turkish Ladies

Various artists, Sony Music Turkey 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

Read part three: the age of the electric vehicle begins

Read part one: how cars came to the UAE

 

While you're here
Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20WallyGPT%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3E2014%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ESaeid%20and%20Sami%20Hejazi%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ESector%3A%20%3C%2Fstrong%3EFinTech%3Cbr%3E%3Cstrong%3EInvestment%20raised%3A%20%3C%2Fstrong%3E%247.1%20million%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2020%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%20round%3C%2Fp%3E%0A
Wicked: For Good

Director: Jon M Chu

Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater

Rating: 4/5

Hili 2: Unesco World Heritage site

The site is part of the Hili archaeological park in Al Ain. Excavations there have proved the existence of the earliest known agricultural communities in modern-day UAE. Some date to the Bronze Age but Hili 2 is an Iron Age site. The Iron Age witnessed the development of the falaj, a network of channels that funnelled water from natural springs in the area. Wells allowed settlements to be established, but falaj meant they could grow and thrive. Unesco, the UN's cultural body, awarded Al Ain's sites - including Hili 2 - world heritage status in 2011. Now the most recent dig at the site has revealed even more about the skilled people that lived and worked there.

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Muslim Council of Elders condemns terrorism on religious sites

The Muslim Council of Elders has strongly condemned the criminal attacks on religious sites in Britain.

It firmly rejected “acts of terrorism, which constitute a flagrant violation of the sanctity of houses of worship”.

“Attacking places of worship is a form of terrorism and extremism that threatens peace and stability within societies,” it said.

The council also warned against the rise of hate speech, racism, extremism and Islamophobia. It urged the international community to join efforts to promote tolerance and peaceful coexistence.

COMPANY%20PROFILE%20
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The bio

Studied up to grade 12 in Vatanappally, a village in India’s southern Thrissur district

Was a middle distance state athletics champion in school

Enjoys driving to Fujairah and Ras Al Khaimah with family

His dream is to continue working as a social worker and help people

Has seven diaries in which he has jotted down notes about his work and money he earned

Keeps the diaries in his car to remember his journey in the Emirates

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

Pearls on a Branch: Oral Tales
​​​​​​​Najlaa Khoury, Archipelago Books

While you're here
Essentials

The flights

Emirates and Etihad fly direct from the UAE to Geneva from Dh2,845 return, including taxes. The flight takes 6 hours. 

The package

Clinique La Prairie offers a variety of programmes. A six-night Master Detox costs from 14,900 Swiss francs (Dh57,655), including all food, accommodation and a set schedule of medical consultations and spa treatments.

MATCH INFO

Uefa Champions League final:

Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%204-cyl%20turbo%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E190hp%20at%205%2C600rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C500-4%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E7-speed%20dual-clutch%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E10.9L%2F100km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh119%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENow%3C%2Fp%3E%0A