The technological landscape is ever-changing. It has become tough to deal with such fast pacing innovations in tech. The recent pandemic is one of the central factors that has caused the technological environment to evolve. Since human contact was prohibited during Covid-19, companies began to introduce systems that would limit human interaction without bringing business operations to a halt.
For instance, when purchasing a new internet subscription if it was compulsory to visit the physical store of an ISP provider such as cox cable tv deals in pre-covid times, today it can be done sitting on the couch using a laptop.
Emerging Technology Trends 2023
Technology is advancing at such an exponential rate that for organizations to prosper, they need to adopt these innovations to enhance customer experiences, reduce costs and increase revenues.
#1: Machine Learning & Artificial Intelligence
Artificial Intelligence is the imitation of human intelligence processes by computers. Processes such as voice and speech recognition, voice assistants, and navigation programs are all results of AI.
Machine learning is the competence of a device to copy smart human behavior by identifying patterns through special programming and algorithms so they can work without constant guidance. Machine Learning is a subset of AI.
#2: Robotic Process Automation
Through RPA, companies use several software applications that mechanize their processes that were handled manually before. Customer service, data gathering, data evaluation, and all other monotonous everyday chores are being automated via RPA.
#3: Quantum Computing
This computer technology is built on the rules of quantum theory, which describes the behavior of materials and energy on atomic and subatomic levels. It can perform calculations on the probability of an object’s state before actual measurement. It questions, analyzes, and takes action based on the available data. These computers work at an exponential speed.
#4: Virtual Reality and Augmented Reality
Virtual reality is the use of computer technology to immerse an individual into an artificial three-dimensional visual space or sensory environment.
Augmented Reality on the other hand augments a real-world scene. Through technology, a CG image is superimposed on an individual’s view of the real world. It adds elements to the surroundings that aren’t there to enrich the user experience such as the game Pokemon Go.
#5: Blockchain Technology
An enhanced security-based system that stores information in such a manner that it gets impossible to alter, hack or cheat. It resembles a digital ledger that is very secure. This concept became popular with the introduction of cryptocurrency in the world. In the blockchain system, data can only be added, not changed.
#6: Edge Computing
In situations where cloud computing falls short, edge computing takes over. With the ability to collect data from a wide range of networks and devices, edge computing aims to process the data nearer to where it is being generated enabling higher speeds and larger volumes.
#7: Internet of Things (IoT)
The combined network of shared devices, technology that facilities communication across these devices and the cloud is known as the Internet of Things. Several alarms, sensors, and cameras that are linked together and can be managed by a smartphone to provide security 24×7 are connected via IoT.
#8: 5G
It is the fifth-generation cellular technology that is the new global standard after 4G. This generational leap in telecom transforms virtual communications by integrating VR and AR and better cloud-based experiences. It not only a speedier internet for phones but also for many other objects such as cars and houses.
#9: Cybersecurity
With constant new innovations, cybersecurity needs to be constantly upgraded to meet evolving security needs. As data is a very valuable asset in this digital era, cybersecurity protocols strengthen systems against malicious attacks.
#10: 3D Printing
Another latest innovation is three-dimensional digital printing which works by layering down thin sheets of material, converting them into liquid, powdered plastic, metal and/or cement and then merging the layers together. It is used in prosthetic limb manufacturing, architecture, and many other fields.
#11: Genomics
It is the scientific study of the genetic or epigenetic sequence information of living organisms. This data is used to identify and diagnose certain health conditions so treatment can be planned ahead of time such as behavioral and cognitive disorders before the symptoms start showing as well as heart diseases, diabetes, cancer, and asthma to name a few.
#12: New Energy Solutions
Solutions that emphasize the conversion of the entire energy system with the earnestness to adopt technologies that foster the growth of cleaner energies which prevent global warming. Such energy technologies include hydropower, wind energy, bioenergy, green hydrogen, and grid integration.
#13: Digital Trust
Digital trust is important for businesses to maintain a loyal customer base. It is a guaranteed way to ensure your customers feel secure in giving business to your company. If a user has to think twice to use a credit card on a brand’s website, the company needs to reconsider its data safety policies.
#14: Extended Reality
Virtual Reality, augmented reality, and mixed reality are all part of the broader extended reality. Through extended reality, users concentrate better on what they are learning as a result of which information retention is higher than the typical videos or text materials.
#15: Datafication
It is the process of converting daily interactions of humans to data formats and using them for social purposes. Examples can be the data tracking and monitoring done by social media websites such as Facebook and Instagram.
#16: Smart Devices
Another revolution is the introduction of smarter devices. These smart devices are intelligent with advanced programming that incorporate AI and machine learning. Examples can be home automation technologies where daily processes such as light usage, heating, and cooling are automatically regulated.
#17: Power Computing
Powerful computers that can process millions of data points in seconds are the need in this digital age. The higher the power, the quicker data can be fed into AI systems leading to shorter time periods for AI to reach the ultimate goal which is human-level intelligence.
#18: Data Fabric
A strong but flexible integration of data sources across several mediums and business users that makes the information accessible wherever it is required irrespective of where the data resides. It can help lower data management efforts by using analytics to identify and saddest where data should be used and altered.