Tech Trends 2023: From the mere internet, and later email, we came to the decade of AI and self-driving cars. Technology is upgrading at an unbelievable pace, keeping tech leaders on the tip of their toes to see what’s coming next and how they can be the first to embrace it.
In 2022, we had 5G, Cryptocurrency, cloud service, and others. By the end of 2023, we are seeing a rapid rise of newer and modified tech trends like NFTs and Metaverse.
As we transition into the next year, here are the top five impactful tech trends to watch out for in 2023.
Top 5 tech trends to watch out for in 2023
1. Increased application of Artificial Intelligence
Artificial intelligence (AI) has been on the trend for the last few years. In 2023, AI will transform businesses to the next level. No-code AI will enable any business to leverage its power to create more intelligent products and services because of its easy drag-and-drop interfaces.
We are already having AI in use, especially in retail.
Advanced Artificial Intelligence (AAI), will completely transform computing, pattern recognition, and machine learning. Because of the end-to-end automation processes that, without any manual intervention, will help in replacing human labor with AAI at high life-risk jobs such as people working at nuclear power plants, chemical labs, metal foundries, etc.
Another place of high AAI adoption is in healthcare. AAI can supposedly track human vitals to a more granular level, with the help of pills/ chip-on-body or standard over-the-body sensors such as watches, goggles, neckbands, wristbands, etc. This will help monitor health, suggest remedies, plan a diet, and alert close ones about any emergency such as an accident or a heart attack.
2. Web 3.0 will progress further
The third revolution of the world wide web, Web 3.0 primarily decentralization, token-based economy, and blockchain.
By 2023, blockchain technology will advance, enabling companies to create more decentralized products and services.
For instance, currently, we are storing everything in the cloud. But, if we had decentralized data storage and encrypted that data using blockchain, our information would not only be safer but also have innovative ways to access and analyze it.
From 2023, Non-fungible Tokens or NFTs will become more usable and practical. Like, the NFT tickets to concerts will potentially give you access to backstage experiences and memorabilia.
3. Parts of Metaverse soon to Become Real
Metaverse has recently become the shorthand as the persistent platform on the internet, where we can play and socialize.
Augmented reality (AR), visual reality (VR), AI/ML, IoT, and Blockchain, all come together to create a more connected, secure, and immersive virtual world. A world where people and businesses can simulate real-life scenarios such as virtual houses, virtual roads, rails, cars and trains for transport, brand billboards on highways, and simulated travel experiences.
Experts have predicted that the metaverse will add $5 trillion to the global economy by 2030. They have even added that 2023 will be the year that will define the direction of the metaverse for the next decade.
Companies like Microsoft and Nvidia are already developing metaverse platforms for collaborating on digital projects.
Whereas consulting giant Accenture has already created a metaverse environment for themselves called the Nth Floor. This virtual world has replicas of real-world Accenture offices. Here, new hires and current employees can carry out HR-related tasks without needing to be present in a physical office.
Augmented reality (AR) and virtual reality (VR) technology will valiantly continue to advance.
4. Applied Observability
Applied observability is to take pattern recognition to the next level in 2023. The ability to dive deep into complex systems and a stream of data for predicting and detecting anomalies and for providing resolution is Applied Observability.
In 2023, Applied Observability will monitor the internal running of complex systems, gather, and structure the incoming unstructured data and simplify it to create patterns and detect issues.
This entire process will happen in seconds with real-time data fed into the system each second. Applied observability can track telemetry data such as logs, metrics, traces, and dependencies.
5. Robots to Become More Human and handy
Robots are the future and this was pre-decided decades back. In 2023, robots are to become even more like humans, both in appearance and capability. Such human-like robots will be used in the real world as event greeters, bartenders, concierges, and companions for older adults.
Even as we speak, certain restaurants and other places use robots in place of human staff to do the work.
But by 2023, robots are speculated to perform complex tasks in warehouses and factories as they will be working alongside humans in manufacturing and logistics.
At Tesla AI Day in September 2022, Elon Musk revealed two Optimus humanoid robot prototypes that’ll be useful for your home. He said the company would be ready to take orders within the next 3 to 5 years. The robot is capable of performing simple tasks like lifting items and watering plants — so perhaps soon we’ll be able to have “robot butlers” that help around the house.