Our November began with perhaps the most important tech-event in Europe: the Web Summit. After several years when Web Summit was taking place in Dublin, Ireland, and efficiently overgrew it, it moved to Lisbon, Portugal.
Incomaker was a part of Web Summit. We had a chance to present our solution there and brought numerous valuable contacts and ideas back to home. A lot of things was already written about, and even we have published several posts on it, so there is no point to repeat what was already said.
As the end of the year is approaching, it could be interesting to estimate the trends we can expect in the tech industry in the year 2017. Web Summit was the place where today meets the tomorrow.
With a certain simplification, there is always One Big Theme on which most of the startup scene is focused in the moment. Usually, when someone makes a great success with a certain product, many companies start to mimic it and the whole sub-industry appears. Then it is much easier to get attention or raise money for such a project. On the other hand, the follow-up projects within the crowd are seldom as successful as the pioneers. One Big Themes were search engines (about the beginning of Millenium), social networks a couple of years later, and drones, and Internet Of Things (IoT) more recently.
Any One Big Theme has several phases: 1) Novelty - either someone raised a huge bag of money or gained global attention, or some large company started or bought something relevant. Startups notice an opportunity. 2) Hype - "everyone" makes something around the One Big Theme, investors love it, blogs and Tech Crunch write about it, raising money is a piece of cake. 3) Bullshit - a vast majority of solutions are useless, most of the invested money is lost, and a new One Big Theme slowly appears. 4) Maturity - without much attention, sometimes best solutions appear at the time when the market is already interested in something else (do you remember late nineties with tens of competing search engines when no one expected a room for any considerable development? And then Google appeared.).
Currently, there is a FinTech hype. 2017 will probably be still a good year for fintech solutions, although fintech is slowly moving to the bullshit period. Which is where IoT already is. At the Web Summit, there were many IoT solutions, but the majority was - from my point of view - typically about a software leveraging the "things" because the hardware itself is best manufactured in China, isn't it? And honestly, I noticed very little what would really impress me in this sub-segment.
And what starts hyping up in 2017? I would bet on autonomous cars (and relevant technologies), even if their full adoption will - I think - still take many years. A lot of technical problems is resolved, but there is a plenty of non-technical ones. But many people look obsessed. Next year we will see, whether it was a good guess.