Technology investment is predicted to manifold exponentially, italicizing a common belief that the world’s eminent innovations have taken birth in times of expansive economic and political stress. With these facets in mind, Smartinfologiks gets you through a few technology trends to look for in 2023.
Table of Contents
A Futuristic Technology World Awaits Us!
Overview
Since the Covid-19 crisis, worldwide reliance on technology has not lost its momentum. Rather, the augmented digitalisation and creativity witnessed during the pandemic have only persisted, revealed by augmented capitalization in emerging technologies.
Regardless of political and economic uncertainties in 2023, technology investment is predicted to manifold exponentially, italicizing a common belief that the world’s eminent innovations have taken birth in times of expansive economic and political stress. With these facets in mind, Smartinfologiks gets you through a few technology trends to look for in 2023.
Technology Trends to Invest in 2023
1. Artificial Intelligence
Artificial Intelligence has been around us for a while now. If you’re a tech-savvy individual, you may not relish how exceptional AI has turned. AI has left a successful trail in displaying its supremacy in navigation apps, smartphones, and much more to perform creative and mundane tasks.
AI ain’t going anywhere, anytime soon. The emerging ecosystem concerning low-code or no-code AI systems and as-a-service platforms will drive seamless accessibility.
Synthetic content is yet another alluring field to look for in AI. it’s all about harnessing the AI’s creative power to produce novel images, sounds, or data that never existed. Considering 2023, you can anticipate spectating the development of the productive form of AI throughout business and entertainment.
Precedence Research predicts that the global AI market will reach about US$1,597.1 billion by 2030.
Contrary to this, AI will also offer handsome salaries starting from $115,000 for entry-level posts to $205,000 for experienced professionals- driving it to be the top technology trend you must consider in 2023!
2. Metaverse
In this instance, Metaverse can be considered as “a more digital globe.” Immersive online environments and next-level user experiences will create a huge momentum in the coming five years.
In a nutshell, “metaverse” can be demonstrated as a prominently immersive 3D virtual world experience acquired using an amalgamation of AR, VR, and MR tech stacks. Creating a virtual world wherein users play games, interact socially, conduct business, etc. The metaverse platform improves the experience of the Internet.
Considering 2023, the metaverse is proficient enough to unleash access to new creative, social, and economic opportunities. Facebook- a tech giant announces the introduction of nearly 10,000 new highly skilled positions for the metaverse in the coming years. This indicates better opportunities for proficient and skilled metaverse engineers, marketers, architects, and visionaries.
3. Blockchain
Blockchain is in demand technology. The popularity of this particular technology has grown exponentially and numerous biggies are moving in the same direction. Ultimately, the field of blockchain technology needs a large number of developers.
The perks include- the network’s decentralization, security, and data privacy. Blockchain applications are likely to escalate beyond cryptocurrencies such as bitcoin.
Gartner estimates that the blockchain’s value will boost swiftly, striking up to $176 billion by 2025 and $3.1 trillion by 2030.
4. Quantum Computing
Every business is in a rivulet to develop quantum computing at scale.
Quantum computing, which utilizes subatomic particles to build novel ways to process and store data, will make it possible for computers to be a trillion times quicker in comparison to the fastest regular processors at present available.
Any nation investing heavily in quantum computing development will be proficient enough to break the encryption employed by other respective nations, businesses, security systems, etc. Watch out for this trend meticulously in 2023 since nations like the US, the UK, China, and Russia make essential investments in the development of quantum computer technology.
By 2026, the global market for quantum computing will produce about $1,765 billion in revenue, predicts Markets And Markets.
5. Digital Antibodies
The preceding years observed an unrivalled risk in both the physical and digital worlds. Cybersecurity concerns are becoming more severe as data breaches and other issues are getting more sophisticated.
While “there’s always a silver lining in the dark cloud!” An effective digital immune system can significantly eliminate operational and security concerns via monitoring, automation, and the most current design inventiveness.
Since the values for these tools will be accredited widely in the upcoming years, expect to attain a lot more inquiries concerning the condition of your institution’s digital immune system and your inputs to embattle and protect it.
6. Hyper-automation
Hyper-automation is one of the leading technology trends at present.
Hyperautomation allows the automatic completion of mundane tasks devoid of any manual or human effort. It leverages RPA (Robotic Process Automation), machine learning, and artificial intelligence to modify old and new machinery as well as processes.
Businesses, irrespective of their size, can seize a lot from hyperautomation. Unquestionably almost all businesses have started deploying hyper-automation technology and rejoicing in its infinite perks.
Salesforce projects that organizations expect to have hyper-automation infused in their technological roadmaps by 2024.
However, McKinsey estimates global spending on AI to reach about %15 trillion by 2025.
7. Datafication
Organizations’ reliance on data has manifold periodically, transitioning industries such as accounting and human resources. Datafication refers to the process of turning all the objects in our lives into digital devices powered by data. In short, datafication transforms manual, labour-intensive processes into data-driven technologies.
Hence, managing our data securely and safely has become a sought-after edge in our industry.
If performed right, datafication can mould raw data into knowledge. Numerous companies are already benefiting from datafication.
8. Robotics
The robotics industry was valued at $45.3bn in 2020 and might increase at a CAGR of about 29% to $568bn by 2030, according to GlobalData research.
However, the service robot market will produce $55.2bn of revenue in 2023, as per the GlobalData forecasts. The use cases will encompass warehouse robots, which will multiply in 2023 and further, coupled with autonomous delivery robots and commercial drone delivery.
GlobalData further predicts that the global drone market will hit $24.5bn in 2023, backed up by regulations, technological advances like AI and a boost in beyond-visual-line-of-sight operations.
9. IoT
The worldwide enterprise IoT market will escalate to 4650bn in 2023, with $315bn accredited to smart cities followed by $335bn derived from the industrial internet, states GlobalData.
The sector is likely to manifold in 2023 in spite of the economic climate pressurizing businesses to streamline their IoT spending to devices that deliver a gigantic value on investment.
Consumer IoT’s three different markets will account for 275 of global IoT revenue in 2023 with wearable technology to be the largest and fastest-developing sector in terms of revenue in 2023, coupled with connected cars and automated homes, forecasts GlobalData.
10. Sustainable Technology
At last, an effort towards a sustainable tech stack will be visible in 2023. Our reliance on technology trends like smartphones, tablets, and computers, but where is the element necessary to develop these gadgets derived from? From where scarce earth resources originate and how we utilize them for expensive relevance to the common people.
Additionally, we use cloud services such as Netflix and Spotify, which still run on big data centres that swallow a huge amount of electricity.
As of 2023, efforts to boost supply chain transparency will persist since patrons desire energy-effective products and services supported by sustainable technologies.
Conclusion
Technology trends will keep advancing swiftly. If you want to be the front runner, you need to master novel tech stacks, learn how to manage constant change and utilize it as a competitive edge with Smartinfologiks.
