10 Technology Trends Everyone Must Know In 2023
The ten most important technology trends to watch in 2023.
1. A world of AI
The use of artificial intelligence in organizations will become a reality in 2023. It will be easy and intuitive for businesses to leverage the power of AI by using its drag-and-drop interfaces, allowing them to build more intelligent products and services by leveraging the power of no-code AI.
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The retail market is already showing signs of this trend. A number of artificial intelligence algorithms are used by Stitch Fix to recommend clothes to its customers that match their sizes and preferences.
The use of contactless technology as well as autonomous shopping and delivery will also be a huge trend in 2023. Paying and receiving goods and services will be easier with AI.
Across industries, AI will augment nearly every job. There will be more retailers who will be able to manage and automate their complex inventory management processes by utilizing artificial intelligence, so convenience trends such as buy-online-pickup-at-curbside (BOPAC), buy-online-pickup-in-store (BOPIS), and buy-online-return-in-store (BORIS) will become more and more common in the future.
The use of AI will also be the engine behind the new autonomous delivery initiatives that retailers are currently testing out and implementing, and more and more retail workers will have to get used to working alongside machines in order to succeed.
2. Metaverse parts will become real
It must be said that I do not particularly care for the concept of a metaverse, but it has become shorthand for how we can work, play, and socialize on a persistent platform in a more immersive internet.
The metaverse experts predict that it will add $5 trillion to the global economy by 2030, and the year 2023 will be the one in which the metaverse will be defined for the next decade, as well as the year in which the direction of the metaverse will be determined.
The technology of augmented reality (AR) and virtual reality (VR) will continue to develop in the coming years. As a result, I predict that in 2023, we will be able to have more immersive meeting environments where we will be able to talk, gather ideas, and collaborate together, with a focus on the work environment in the metaverse.
According to Microsoft and NVIDIA, they are already in the process of developing metaverses for the collaboration of digital projects in the future.
There will also be an increase in the sophistication of avatar technology in the coming year. Our avatars, the representations of ourselves that we project as we interact with other users in the metaverse, could look and behave just as we do in the real world, and with the advent of motion capture, our avatars will even learn how to mimic our unique body language and gestures.
It is also possible that we might see further development in the field of AI-enabled autonomous avatars that could act as our representatives in the metaverse, regardless of whether we have logged into the digital universe or not.
There has already been an increase in the number of companies using metaverse technology, including AR and VR, when conducting training and onboarding, and this trend is expected to increase in 2023. It is no secret that consultancy giant Accenture has already created a metaverse environment called the Nth Floor. In this virtual world, replicas of real-world Accenture offices are made available, so new hires can perform HR-relevant tasks without having to be present in a physical office in order to perform their tasks.
3. Web3 progress
There will also be significant advancements in blockchain technology in 2023 as businesses develop more decentralized products and services as a result of the blockchain technology.
Currently, everything is stored in the cloud, but if we decentralize data storage and encrypt that information using blockchain, we’ll not only be safer, but we’ll be able to access and analyze our data in innovative ways.
In the new year, non-fungible tokens will become more practical and usable. Tickets to NFT concerts may provide access to backstage experiences and memorabilia. We might interact with digital products and services through NFTs, or we might enter into contracts with NFTs.
4. Connecting digital and physical
There is already a growing bridge between the digital and physical worlds, and this trend will continue in 2023, as we see a convergence between the two. There are two components that are part of this merger: digital twin technology and 3D printing technology.
The idea behind digital twins is to create a realistic visualization of operations, processes, or products from the real world in a secure digital environment that will allow the testing of new ideas in a controlled environment. Digital twins help designers and engineers test under every conceivable condition without the high costs of testing in real life. Manufacturing, machinery, cars, and precision healthcare will all be digital twins in 2023.
A virtual component can be tweaked and edited, then printed in the real world.
Formula 1 teams currently collect data transmitted from sensors during races, along with race track temperatures and weather conditions, to see how cars change during racing. A digital twin of the engine and car components is created using the data streamed from the sensors. The teams then 3D print parts based on their testing results.
5. The nature of editing
Materials, plants, and even humans will be editable in the future. The nanotechnology revolution will allow us to create materials with completely new characteristics, such as water resistance.
As gene editing technology advances, we’ll be able to edit nature to our liking by altering DNA in 2023.
The process of gene editing is similar to word processing, where you can take some words out and add others in. The process of gene editing can correct DNA mutations, solve food allergies, increase crop health, or edit human characteristics like eye and hair color.
6. Innovation
A worldwide race is underway to scale quantum computing.
It is a technological leap that will bring us computers that are a trillion times faster than the fastest traditional processors available today by using subatomic particles for processing and storing information.
In the near future, quantum computing may render our current encryption practices useless. Any nation that develops quantum computing can break the encryption of other nations, businesses, and security systems. Developing quantum computing technology is a trend to watch in 2023 as countries like the US, UK, China, and Russia pour money into it.
7. The Green Revolution
The biggest challenge we face right now is reducing carbon emissions so that we can solve the climate crisis.
We can expect continued progress around green hydrogen in 2023, an energy source that produces little or no greenhouse gas emissions. Two major European energy companies, Shell and RWE, are building the first major North Sea wind pipeline.
There will be progress in decentralized power grids as well. This model uses small power generators and batteries located in communities or individual houses to provide power even when the main grid is down. We rely on large gas and energy companies for most of our energy needs, but decentralized energy initiatives could democratize power without increasing carbon emissions.
8. Humans Will Become Robots
2023 will be the year when robots become even more human-like. They can be used as event greeters, bartenders, concierges, and companions for seniors in the real world. Working alongside humans in logistics and manufacturing, they will also perform complex tasks.
Human-like robots are being developed for our homes by one company. The company will take orders within the next 3 to 5 years after Elon Musk revealed two Optimus robot prototypes at Tesla AI Day in September 2022. In the very near future, we may be able to have “robot butlers” helping around the house.
9. Automated Systems Progress
The business community will continue to make progress in creating autonomous systems, particularly around delivery and logistics. There have already been many factories and warehouses that have become partially or fully autonomous over the past few years.
There will be more and more autonomous trucks, ships, and delivery robots in the near future, as well as more warehouses and factories that will use autonomous technology in the near future.
One of the leading online supermarkets in the world, Ocado, describes itself as “the largest online supermarket dedicated to groceries,” and it uses thousands of autonomous robots in its highly automated warehouses to sort, lift, and move groceries within its warehouses. AI is also used to place the most popular items within reach of the robots so that they can reach them easily. There is now a growing movement among grocery retailers to use the same autonomous technology behind Ocado’s successful warehouses to automate their own.
10. Sustainable Technology
It’s also expected that in 2023, more efforts will be put forth in terms of developing sustainable technologies. I know that many of us (if not the majority of us) are addicted to technology like smartphones, tablets, and computers – but where are the components that go into making these gadgets? There is going to be a lot more discussion about where rare earth components for things like computer chips are derived and how they are being consumed in the future.
As well as using cloud services like Netflix and Spotify, we are still using huge data centers to run all of these services, which consume vast amounts of energy at the same time.
It is expected that in the year 2023 we will continue to see a push toward making supply chains more transparent, as consumers increasingly demand that the products and services they invest in are energy efficient as well as backed by sustainable technologies.
