Which technologies are catching on rapidly? How can company heads best prepare for the most consequential trends? Here are the 5 most important technological developments that you can witness. Let’s begin with the 2023 trends of new technology.
Artificial Intelligence
Organizational use of AI will become commonplace by 2023. With no-code AI’s simple drag-and-drop interfaces, any company can tap into its potential and produce more intelligent goods and services.
What is Artificial Intelligence?
The field of computer science known as artificial intelligence (AI) focuses on creating intelligent computers that can do activities that normally require human intellect. Using AI, computers may mimic human intellect and even surpass it in certain respects. Companies in every sector are investing in artificial intelligence as it becomes more and more integrated into daily life, from self-driving vehicles to generative AI tools like ChatGPT and Google’s Bard.
The retail industry is already seeing this shift. Stitch Fix’s AI-enabled algorithms find clients’ clothing that fits and flatters them. The use of contactless payment systems and driverless delivery services will also see significant growth in 2023. The use of AI will streamline the purchasing and shipping processes for customers.
Furthermore, AI will enhance practically every job in every business process across all sectors. Trends like buy-online-pickup-at-curbside (BOPAC), buy-online-pickup-in-store (BOPIS), and buy-online-return-in-store (BORIS) will become the norm as more businesses turn to AI to manage and automate the complicated inventory management operations that occur behind the scenes. Retail personnel will increasingly need to get used to collaborating with robots as the industry continues to test and implement autonomous delivery projects.
Progress in Web3
What is Web3?
You may have heard the name Web3, sometimes known as “Web 3.0,” talked around recently. Decentralized protocols are the focus of this future generation of the internet, which promises to make users less reliant on media giants like Google and Facebook.
How to invest in Web3?
Web 3 investments may be made in a variety of ways. Web3 is open to both passive and active investment. Both approaches have their merits. In the end, it’s up to you to decide which kind of financial planning best matches your needs and resources. Holding virtual assets passively over time allows them to grow in value. If you want to become involved in the growth of Web3, investment is the way to do it.
As businesses develop decentralized goods and services, blockchain technology will likewise make great strides forward in 2023. For instance, we now save all of our data on the cloud, but if we decentralize storage and encrypt it using blockchain, not only will our data be more secure, but it will also be accessible and analyzed in novel ways.
In 2019, NFTs, or non-fungible tokens, will see improvements in their use and utility. Concert tickets purchased using NFT may, for instance, unlock backstage passes and exclusive merchandise. NFTs might represent the contracts we make with other parties, or they could be the keys we use to access the vast majority of the digital goods and services we purchase.
Metaverse will become more real
“metaverse,” means a more immersive internet where we can work, play, and interact on a permanent platform, which is why I’ve come to accept it. The metaverse, according to experts, will contribute $5 trillion to the global economy by 2030, and 2023 will set the tone for the following decade of the metaverse.
The development of AR and VR hardware and software will proceed apace. One area to keep an eye on is the metaverse workplace; I foresee more immersive meeting rooms in which we can communicate, discuss, and collaborate on projects by 2023. In fact, IT giants like Microsoft and Nvidia are working on collaborative metaverse systems right now.
In the coming year, we will also witness improved avatar technology. With the use of motion capture technology, our virtual selves (or “avatars”) may appear just like us, and they can even mimic our movements and expressions in the real world. It’s possible that autonomous, AI-enabled avatars may get to the point where they can represent us in the metaverse even while we’re not actively participating there.
In 2023, the use of metaverse technologies like augmented and virtual reality for corporate training and onboarding will increase significantly. Accenture, a consulting firm, has already built a metaverse they call the Nth Floor. New recruits and existing employees of Accenture may complete human resources-related duties in this virtual environment by visiting copies of real-world Accenture workplaces.
Progress in Green Technology
Reducing our carbon emissions to combat the climate issue is one of the world’s most pressing problems. In 2023, we may anticipate further developments in green hydrogen, a new clean-burning energy source that almost completely eliminates emissions of greenhouse gasses. Shell and RWE, two of the largest energy firms in Europe, are building the first big green pipeline from North Sea wind farms.
The evolution of decentralized energy networks will also advance. This strategy for distributed energy production creates a network of tiny power producers. And storage devices dispersed across neighborhoods and homes. Able to keep the lights on in the event that the central grid goes down. Large gas and energy corporations control most of the energy sector now, but decentralized energy efforts might increase political equality and reduce carbon emissions simultaneously.
The Future of Robotics Is Humanization
By 2023, the technological gap between humans and robots will have shrunk even more. In the real world, robots like this will serve as event greeters, bartenders, concierges, and seniors’ companions. As they operate side by side with people in manufacturing and logistics. They will also execute difficult duties in warehouses and factories.
One firm is making significant progress in developing a domestic robot that can do human-like tasks. Elon Musk unveiled two Optimus humanoid robot prototypes at Tesla AI Day in September 2022. And the firm would be ready to accept orders in three to five years. The robot is capable of light labor, such as moving objects and watering plants, thus “robot butlers” may soon be a reality.