What 2023 Tech will Look Like?

Do you remember the saying, “Necessity is the mother of invention?” The statement might sound like a cliché due to its overuse, but it came true in the past couple of years when COVID-19 took us off-guard.

The reason technologies are evolving faster than before is that the world was in dire straits and innovation was the only way we could survive the mayhem the pandemic caused. For global stability and future progression, emerging technologies will likely make 2023 a landmark year.

Let’s talk about the technologies that will transform lives and businesses in the coming year.

IoT for a hyper-connected world

In this digital era, IoT sensors and networks of various connected devices are creating digital twins, developing the Metaverse, enhancing & integrating smart machines, and building future cities.

We use different smart devices in our personal and professional lives. However, until now, we have encountered some hitches in communication because of various platforms or operating systems. The year 2023 will likely create global standards and protocols for more effective communication. 

Currently, we are in the nascent stages of IoT development, and forecasts suggest that in 2023, nearly 50 million IoT devices will be in use. It will develop a vast network of hyper-connected devices and provide higher efficiency, security, and decision-making ability for businesses due to more data collection and analysis.

Metaverse

Metaverse is currently one of the major topics for conversation among tech-savvy people. Taking a leaf out of science fiction, the Metaverse theme will likely become a replica of the real world with various civilizational aspects. 

Metaverse has immense economic prospects and is estimated to reach $800 billion midway through this decade and $2.5 trillion by 2030. 

Irrespective of the issues, which are coming in the way of Metaverse from shaping up, it can eventually provide opportunities for organisations with remote working, increased social presence, healthcare, payments, healthcare, and more.

The industrial Metaverse is giving hope to Industry 5.0. The applications of this concept will be widespread, ranging from digitising the real world, collecting and deciphering data in virtual environments, or achieving cost optimisation with sustainable objectives.

Quantum Computing

Quantum computing is another popular trend in recent times and will likely be a part of all the facets of our lives in the future. It is a type of computing that uses the laws of quantum mechanics, such as entanglement and superposition. 

The applications of quantum computing range from preventing diseases from spreading, developing vaccines eliminate viruses from its core, and handling risk and fraud elements in the finance industry.

The USP of quantum computing is its faster processing abilities than regular computers. This is why tech giants such as Google, Microsoft, and AWS are investing significantly in this field. The consolidated market revenues of these companies are likely to exceed $2.5 billion by 2029.

Robotic Process Automation (RPA)

Robotic Process Automation or RPA links closely to Artificial Intelligence (AI) and Machine Learning (ML) for automating business processes. Some of those processes are transaction processing, interpreting applications, handling data, and responding to emails.

The main advantage of RPA is it can automate recurring tasks that people do manually. Now, with the help of RPA, the aligned human resources can focus on more creative and productive activities. The efficiency of RPA saves costs, reduces the processing time of key tasks, brings down the possibility of errors, and boosts profitability.

Overall, RPA helps organisations leverage their human resources and is quite efficient in gathering and storing various data in the industries, such as human resources, finance, and customer service.

Superapps

Superapps are the co-existence of an application, a digital ecosystem, and a platform, all within the same application. 

We can refer to a simple example of a Swiss army knife that has utilities for multiple purposes. Similarly, Superapps are the technological equivalent that comes with various tools, and we can use or remove them according to their needs. 

Superapps run on a platform that offers a wide range of services and helps create personalised, engaging, and enhanced user experiences. They help include desktop and mobile enterprise experiences, such as collaborations, workflows, and messaging platforms.

Over a period, Superapps will also support IoT-powered technologies, chatbots, and immersive experiences like the Metaverse.

3D Printing

3D printing is an innovative technology that has proved effective in the biomedical and industrial sectors. Even a few years ago, no one thought printing a real object is possible.  

Organisations in the data and healthcare industry may need a lot of 3D printing for their products. To make it happen, they need to have the knowledge of 3D printing, AI, and Machine Learning. The following are some of the specialised jobs with 3D printing skills:

  • 3D Printer Engineer

  • CX Program Manager

  • Robotics Trainer

  • AI Engineer

  • Emulation Prototyping Engineer

  • Organ & Prosthetic Designer

  • Operations Manager

  • Genomics

AI and Security

One of the major trends in 2023 will be achieving data security by exchanging data between smart grids or connected IoT devices. The artificial intelligence will be at the core to this task.

The emergence of 5G will enable better inter-connection between devices and faster communication. AI and Machine Learning introduce a proactive and more efficient approach to security solutions and enable processes to automate faster and create patterns from incomplete or modified data.

AI algorithms help to analyse the threat data accurately, allowing to detect security vulnerabilities faster, predict potential threats, and enable cybersecurity experts to develop more robust protocols.

Sustainable Technologies

Lastly, we have included sustainable technologies on our list of potentially dominant technologies in 2023.

In recent years, many enterprises have made various changes to their business operations and started focusing on tracking and reducing CO2 emissions, automating processes, migrating to the cloud, and optimising.

Technologies such as AI, blockchain, robotics, cloud computing, or extended reality can help create a greener and more sustainable world without sacrificing efficiency and business growth.

Closing Words

The purpose of constantly researching and developing innovative technologies is to integrate them into our daily lives, optimally use their features in businesses, and implement them for digital transformation. 

These advanced technologies can help us begin 2023 with higher aspirations and achieve breakthroughs.