eweekchat

A8: We’ll see an emphasis on attempts to “greenify” blockchain, for example by moving to less energy-intensive models such as those that rely on “proof-of-stake” algorithms rather than “proof-of-work” to generate consensus. @ethereum has announced POS plans.

A8: It is becoming clear that NFTs are here to stay. Their enterprise applications are still emerging, but the nature of the technology means it can impact several business sectors including healthcare & manufacturing.

A8: we see increasing pressure to make blockchain more efficient (power, resources etc) - this will put it under the spotlight.

A8: I believe fintech is already big and already here. Blockchain will continue to get bigger

A8. The world will get real on NFT. It’s a fad and a failure. Blockchain may finally find its traction in identity and crypto will continue to be the premier place to avoid financial governance and compliance.

A8: I think it is blockchain but someone who knows how to speed up the system to make it viable for real-time use cases. Blockchain is too slow today...

A8: I feel like a luddite, but I really don't see it impacting the mainstream business world in 2022. It seems to hold promise, but I'm not sure I see it yet. Maybe we will start to see some early movers this coming year.

A8 NFT finding unique ways to engage the average person to use. Even disposable use cases would allow understanding and adoption.

A8. Ugh, this is the part I hate. No-one knows, I certainly don't. But my guesses:

Blockchain - ⬆
Crypto - ⬇
Fintech - ⬆
NFT - ⬇

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@RodSimmons I just don't see it.

@AndiMann big unknown indeed, but I do agree with you

@marsanfra I never got the use case in art but people are spending millions.

@marsanfra the art world frenzy has really obscured the truly valuable applications of NFTs.

A8(1): Disruptors — across industries — will invest in identifying blockchain-based products to take share from legacy brands ill-equipped to scale the tech. #eweekchat

@AndiMann A8
Blockchain - ⬆ but for real use cases - EMRs, Fraud Prevention
Crypto - ⬇ but up first coz memers don't care about fundamentals
Fintech - ⬆ most finance industry still doesn't get fintech
NFT - ⬇ they are the most risible of the meme stonks

#eWeekChat

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@Llanor_A looking forward to see and understand more. It is way too abstract for me right now.

@marsanfra No crystal ball in my remote office. But I can look out the window and see some stuff coming like a freight train!

A8(2): Crypto competition, mass-media advertising and government efforts will create a maturing crypto market with broader acceptance and adoption. #eweekchat

@AndiMann But again - Amara's Law. Likely none of these will have the major impact we expect in 2022. But will probably be huge by 2030.

A8(3): NFT experimentation will continue in consumer markets, and the marketplace will self-correct, creating more commercial applications and openings. #eweekchat

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A7. No, there is too much sophistication in ransomware actors, and too many unexploited targets. Unfortunately this means ransomware has nowhere to go but to increase and grow in threat. Cloud, IoT, remote workers all targets.

A7: No. A new trend is Ransomware-as-a-Service (RaaS). This is pay-for-use malware, which enables attackers to use a ready-made platform that provides the necessary ransomware code and operational infrastructure to launch and maintain a ransomware campaign.

A7: No! There is still easy money to be made from ransomware. If we’ve learned anything it’s that ‘tried and true’ attack pathways stay in fashion for a long time, I don’t suspect ransomware attacks will fade in 2022.

A7. You wish! LOL, nope. 2021 was the year of governmental enablement of ransomware payouts. Prepare your secops and incident response teams. They will all be experts in ransomware recovery by the end of the year.

A7: No. In in other shocking news, in 2022 the sun will tend to rise once a day :). I think it is bound to get worse before it gets better.

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A7 (2) - Be on the lookout for a marked uptick in stressed out IR teams.

"Hint: no they won’t" - 😂😂😂💯💯💯

@cdashton - agreed, and its too easy for naive and sophisticated malware actors to get into this arena.

A7: You are right, security attacks will continue to increase. Today's ransomware may seem trivial when new techniques come around... Imagine what someone can do with deepfake... :-(

@thinkingkiddo This is indeed what I hinted below, AI techniques applied to ransomware - yikes!

A7. In 2022, expect more self-reliant cybercrime groups to rise and shift the balance of power within the RaaS eco-climate from those who control the ransomware to those who control the victim’s networks. Less-skilled operators won’t have to bend the knee in RaaS model power.

@AndiMann I mean, obvs, no. They will get worse. The arc of tech is toward complexity, atomization, consumerization; all of which expand attack surfaces, create new attack vectors, reduce protections. #eWeekChat

@AndiMann I would also add that increasing lack of concern for privacy is tied at the hip to decreasing expectations for security. Two sides of one coin. #eWeekChat

A7 No way. We'll see even more as they really cannot be stopped. Organizations will just need to find way to protect their data with some type of air gap storage strategy.

A7. Companies should now anticipate that a ransomware attack on them is a "when", not an "if".

A7: No. But the threat of market-moving ransomware attacks, more digital transformations and remote work will give cybersecurity proper visibility within enterprises. #eweekchat

@AndiMann And unfortunately, there is a massive commercial interest in continuing to erode privacy, which will perforce continue to erode security. #eWeekChat

@andimann Cyber Resilience must be no.1 priority - assume breach and have plan in place

"If anything can go wrong, it will" Murphy's Law, will you be ready for it the day it does.

@w3knight Agree 💯. Cybersecurity should be job 1 for every CIO/CTO. When a major attack will take you out of business completely, everything else becomes secondary. #eWeekChat

A6: I believe that AI will continue to change the way we live and that we are still in the early stages of AI adoption. Within a decade, every single application built will leverage AI.

A6. Yes. With machine learning becoming less complex due to low- and no-code applications, AI will continue to consume tech priorities as use cases expand in correlation to its ongoing rapid development.

A6: AI will continue to be deployed under the hood to improve operational efficiency in areas like network operations and e-commerce.

A6: No, but AI R&D, innovation, and pilots will take a material step forward. #eweekchat

A6: Broadly, no. In targeted use cases absolutely, and in cases where businesses and people leverage thoughtful automation for repetitive tasks that can be automated is where I see AI being useful in the short-run.

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A6. The hype has indeed been high, so it's doubtful to live up. On the other hand we see real applications in data security, storage operations (more specifically MLOps).

A6: I don't think the "killer use case" with broad appeal for AI and ML has appeared yet. Somebody will eventually find the more repeatable patterns that can be leveraged by the non-tech savvy industries.

A6. No, artificial intelligence is proving to be too high of a cost. Machine learning is more than sufficient to accomplish most tasks, especially in today’s world.

A6. Either 'no' or possibly 'hell no'. 😂. Seriously, it almost certainly never will. BUT!! that does not mean new developments in 2022 will not have significant impact. Need to remember Amara’s Law. #eWeekChat

A6: AI/ML will surpass its hype. It's really the lack of knowledge and maturity that hampers the adoption. Furthermore, there are too many fake AI players who
are creating all sorts of confusion. There are already many successfully AI use cases today.

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@AndiMann No robot rebellion in '22? Whew, relief!

A6: I think plenty of enterprises that are not at the leading edge are still constructing their data pipelines and analysis work before they can get more value out of AI/ML

we got to wait a bit longer for that.

A6: No, not to it's deafening hype but AI will transcend marketing/cust svc and add value at the core of businesses. We’ll see greater movements toward explainable, transparent AI that mitigates bias and allows automation to support humans in completing more mission-critical task

@AndiMann I so think we will see impact from ML/AI in 2022. But it will continue to be a step change, not radical. We won't notice it, but we will get incrementally better. Until we invent Skynet, that is. 😉 #eWeekChat

A6. I think that depends how AI is used - for example in Security, AI/ML is only as good as the features we supply it

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@marsanfra AI is not too expensive. It's only expensive when you have bad vendors who misled clients. We have seen it way too often.

No, I have that in my diary for 2023. We have time. 😂

I for one welcome my new robot overlords!

A6: However, I think AI and ML will continue to attract project dollars in search of finding more value.

A6: We're still in the early phases of AI adoption in the mainstream. This year we'll see a significant leap in the technology and applied to specific use cases. Once they catch up to what we want out of AI, it'll be a game changer. #opensource

@w3knight Generally true in ML/AI. Garbage in/Garbage out is only magnified exponentially by algorithmic processing. #eWeekChat

@AndiMann 100% agree

@WaldropMike Good prediction right there. The promise of ML/AI is so high - hype or not - that it will continue to grab imaginations and drain project funding. Hope we can make some of that time and money worth it! #eWeekChat

I have seen a significant evolution in how businesses are thinking about leveraging AI in the last 5-7 years. Few years ago, companies were trying to figure out whether they can leverage AI for their business. Now they are figuring out data and platforms needed to leverage AI.