Unlike typical trend pieces that only skim the surface of the potential implications these advancements may hold for society, this essay delves deeper into the subject matter.
Numerous publications have already covered the projected technological advancements slated for 2023, such as the ascension of Artificial Intelligence (AI), the widespread adoption of blockchain technology, the amplification of the 5G network, and the advent of the Internet of Things (IoT). Consequently, one may feel that another inventory of technology trends is redundant. However, it may prove advantageous to explore any lesser-known or underrepresented aspects of these subjects that may have been omitted in previous publications.
Considering the potential far-reaching consequences of the latest technological developments, we have undertaken the task of compiling a comprehensive report on these trends. While these technologies may gain considerable popularity in the approaching year, they may not be suitable for every situation. Therefore, it is crucial to examine the full range of possibilities that these technologies may offer to our society. As a result, we have created this exclusive report to delve into the latest trends.
The current technological sphere is rife with thrilling advancements, and six of them, in particular, have yet to garner significant attention in the media. Although all of these advancements are intertwined with other innovative technologies, such as Artificial Intelligence, the Internet of Things, and 5G, each possesses distinctive characteristics that warrant close observation. Undoubtedly, these technologies are poised to revolutionize their corresponding industries, and their potential applications are bound to have a profound impact.
The Expertise of the World Wide Web
The extensive use of the internet was expected to unite individuals globally, leading to enhanced accessibility to education and a significant transformation in the way we communicate, shop, and entertain ourselves. Nonetheless, despite eliciting significant changes, it seems that the internet has not lived up to our hopes and aspirations.
Undeniably, 2023 will mark a noteworthy stride in technological advancement. One key contributor to this progress is the notion of Skills-Based Networking Online (IoS). We are already acquainted with terms such as the Internet of Things (IoT), the Internet of Industrial Things (IoIT), the Internet of Money (IoM), and the Internet of Energy (IoE). This raises the question: do we truly need another concept to be introduced?
The Internet of Skills is as revolutionary as the early days of the internet, as it facilitates the digitalization of expertise, allowing them to be shared from anywhere in the world. This implies that it is now conceivable to instantly exchange knowledge and insights, irrespective of geographical constraints or time zones.
Concerning the Internet of Skills (IoS), there are two key components. The integration of robots and haptic technology serves as our entry point into the realm of kinaesthetic communication. By introducing pressure, vibration, and movement, we can give the impression that the recipient is in direct contact with an object. This is accomplished through haptic feedback in response to a stimulus, causing the user to perceive that they are interacting with a tangible item, even if they are not.
Conversely, the fifth-generation (5G) cellular network is predicted to be universally accessible by 2023, allowing information to be transmitted swiftly and dependably with minimal delays. When coupled with the advancements in haptic technology and robotics, this next-generation network has the potential to markedly improve our capabilities, comprehension, and discernment.
The healthcare sector is poised to gain tremendous advantages from the advancement of the Internet of Things. In the not-so-distant future, it is conceivable to envision a scenario where surgeons can conduct remote procedures using a special glove that transmits the precise movements to a robotic arm located on the other side of the planet. This would grant individuals from every part of the world access to highly advanced medical procedures without the need to wait for a doctor to be physically present at their location.
It is crucial that the actions and movements involved in a task be recorded and stored in a database, allowing students to learn the accurate procedures by memorizing them through physical repetition.
As the Internet of Skills (IoS) facilitates bi-directional transmission of data, physical distance between individuals need not be taken into consideration. For instance, in order to park a malfunctioning autonomous vehicle, one might choose to learn to play the piano, repair a complex mechanism, or perhaps even take the wheel themselves. In certain remote locations, access to particular expertise or professionals possessing such expertise may be unavailable. In such cases, the IoS can be advantageous by enabling people from any location to obtain knowledge of complex subjects via distance learning.
Insightful Prescriptions
The use of Artificial Intelligence (AI)-powered data analysis tools is becoming more prevalent among businesses and organizations. Nonetheless, this technology is still far from realizing its complete potential. Thus far, AI systems have chiefly been employed for descriptive analysis, which involves scrutinizing past events, trends, and patterns with the goal of gaining comprehension about the present situation.
The use of algorithms to prognosticate based on past data is a promising application of Artificial Intelligence. This type of research is referred to as Predictive Analysis, and many experts consider it to be the pinnacle of the potential benefits AI can provide. Nevertheless, the potential benefits of Prescriptive Analysis are often disregarded. This analysis can assist in enhancing decision-making capabilities, enabling us to make better-informed decisions in the future.
By adopting this approach, we can use data for purposes beyond creating informed speculations. Moreover, it will furnish us with an understanding of the underlying causes of particular situations and offer guidance on how to react in such circumstances.
An illustration may prove helpful in further explicating the concept. Consider an online store that employs AI algorithms to analyze their customers’ behaviour. This can be used to gain a deeper understanding of the customer base and their purchasing patterns. For instance, it may be determined that the majority of customers are senior males who need to view the product page thrice before making a purchase. Descriptive analysis is an effective tool for acquiring such insights.
It is evident that the weekend presents a crucial opportunity for engaging with your customers, and we can enhance this further by examining potential trends in customer behaviour. For example, have you observed a consistent uptick in business on the first weekend of every month? This indicates that it may be feasible to utilize predictive analysis to anticipate customer behaviour and be prepared to offer promotions on the weekend. By doing so, you could potentially optimize your business prospects.
Performing a prescriptive analysis would not yield insights regarding the weekend plan in this case. Moreover, this phenomenon is probably attributable to the fact that most of the customer base receives pay on Fridays, resulting in limited online activity during the rest of the week.
Prescriptive analysis might suggest implementing a weekday discount pricing strategy with an emphasis on promoting those discounts during weekends to improve business. Alternatively, you could offer all customers who made a purchase during the month a discount on their final weekend of shopping.
Prescriptive algorithms can furnish more than just a prospective outcome; they can also provide informed recommendations based on the reasoning behind that outcome. Although these systems have not yet reached their full potential, companies are expected to invest significantly in this type of complexity by 2023 to make decisions that benefit both them and their clients.
Artificial Intelligence as a Service
As technology progresses, the range of services offered through cloud computing increases. These can encompass the well-established Software as a Service (SaaS) and Platform as a Service (PaaS) to more niche offerings, like Housing as a Service (HaaS). This notion is gaining traction, bolstered by the advent of the ‘Internet of Things’ and a myriad of other ‘Something as a Service’ models.
It is a natural step forward for cloud computing to now encompass Artificial Intelligence as a Service (AIaaS). This is essentially the same business model as Software as a Service (SaaS), but applied to AI services. The potential of Artificial Intelligence in business is irrefutable, but the expenses involved in creating AI-powered solutions can be prohibitive for certain organizations. Hence, some companies are contemplating the possibility of selling their AI services to those who lack the resources to develop their own.
It is an established fact that major technology companies such as Google, Amazon, Microsoft, and IBM are already providing their Artificial Intelligence as a Service (AIaaS) solutions, primarily to larger organizations. As this trend continues to grow, companies of all sizes will be vying to jump on the Artificial Intelligence (AI) bandwagon by 2023.
AI as a Service (AIaaS) offers businesses a pre-packaged solution to meet their ever-expanding demand for artificial intelligence. This is a significant advantage for companies interested in the benefits that AI can deliver but are reluctant to incur the steep costs associated with creating their unique AI platform.
Thus, outsourcing AI is akin to purchasing an item from a grocery store: At Works, we recognize the importance of finding a product that fulfills your needs. However, this does not mean that those new to the industry cannot benefit from our solutions. Our products provide developers with simple application programming interfaces (APIs) and easy-to-use user interfaces (UIs), which engineers can combine to achieve the desired result.
Your development team will be granted access to cutting-edge tools for voice recognition, swift translation, data-driven analytics, and image recognition. To sweeten the deal, service providers enable you to use their platform to construct your bespoke solution at a substantially lower expense than starting from the ground up.
Considering that each business has distinct requirements, it is logical for suppliers to offer the essential raw materials, allowing you to construct the end product. This is undoubtedly a favorable result, and the answer is yes. Artificial Intelligence (AI) is not a novel concept; several businesses are already utilizing AI as a Service (AIaaS) systems. By 2023, we may perceive these platforms differently, as a tool that can assist us in accomplishing our objectives.
Virtual Replicas, also known as “Digital Twins”
Despite the somewhat alarming associations of the term ‘digital twins’ with the famous twins from Stanley Kubrick’s ‘The Shining‘, this technology is actually extremely advantageous and far less intimidating than it initially seems. Although several sectors, particularly the industrial sector, have been reaping the benefits of digital twins for almost two decades, it is anticipated that more businesses will start to integrate this technology into their operations by 2023.
A digital twin refers to a digital replica of almost anything or anyone. It can be a duplicate of a vehicle, robot, factory, or even an individual employee. The idea of producing digital representations of physical items is to facilitate rapid access to precise data about them in the real world. This enables us to gain an understanding of how they operate and how they can be enhanced.
To efficiently manage the electronics of their spacecraft, NASA generated digital replicas that mirrored the original systems. Because it would have been impractical for astronauts to oversee every activity on board, NASA devised computer simulations that were nearly identical to the genuine article. This enabled scientists and technicians to monitor the progress of the spacecraft’s systems.
In recent years, the emergence of the Internet of Things (IoT) has allowed digital twins to escape from their formerly limited environments. Technology experts have recognized that the data collected from the various sensors integrated into devices can be harnessed by digital twins to create accurate replicas of any given entity.
It was at this juncture that symbols were initially formulated to depict objects like airplane engines, oil rigs, railway systems, and logistics computers. As the Internet of Things (IoT) continues to grow, so does the potential for digital twins. There is a high probability that 2023 will be a prosperous year for the IoT, particularly if the 5G network is rolled out extensively.
The significance of 5G technology cannot be emphasized enough. Its high data transfer speeds and low latency make it ideal for the advancement of digital twins, which are immensely accurate models or simulations of almost anything imaginable. This technology could be leveraged to produce digital replicas of wearables, autonomous vehicles, and even everyday products – the possibilities are limitless. This could have profound implications for businesses and other organizations, as well as the broader commercial market.
The utilization of digital twins could empower businesses to detect usage patterns, comprehend their customers’ encounters with their product, and pinpoint areas where performance can be enhanced. Furthermore, preventive maintenance measures can be put in place based on this insight. As a result, predictive analysis can be employed to influence the design of future versions and even entirely new products.
It is indeed true to say that the widespread adoption of 5G services hinges on the general acceptance of digital twins. Nonetheless, Gartner has predicted that by 2023, there will be approximately 21 billion connected endpoints and sensors. This enormous number of devices will amass the necessary data to usher in the next era of digital twins, as well as assist organizations in their efforts to develop and innovate through research and development.
The Overhaul of Retail
The retail industry is famous for its tendency to investigate new technological advancements, frequently choosing to wait and observe a trend before committing to it. However, in recent years, it has become evident that this aversion to accepting radical change is a thing of the past. This is due to the numerous metamorphoses that the retail sector is undergoing, and it is projected that this pattern will persist in the following years with 2023 being no different.
The utilization of Augmented Reality (AR) and the surging prevalence of product customization, which offers an abundance of fresh shopping experiences, are projected to become widespread. Nonetheless, the genuine revolutionary potential of new technology can be unlocked through inventive implementation.
Have you ever been outside, saw a top you adored, but couldn’t determine the cost or brand? We’ve all been there. However, as technology progresses, it won’t be an issue for much longer. Thanks to algorithms and artificial intelligence, it will soon be feasible to search for apparel across various online stores simply by capturing a photo of it. You’ll even be able to make a purchase immediately on the spot! So, why delay until 2023? Visit the shop tomorrow and see for yourself!
Pinterest Lens currently provides this functionality, and its popularity is anticipated to grow as image recognition technology advances. It is also broadly anticipated that social commerce will have a tremendous impact on the retail industry by 2023.
Recently, we have witnessed a surge in the number of businesses placing their trust in the potential of their current social media presence to enable customers to purchase products and services from the comfort of their own home. The emergence of this trend makes perfect sense, considering the popularity of platforms such as Instagram with influencers, which can be leveraged to increase organic reach and provide immediate gratification to their followers by enabling them to purchase whatever they see. Therefore, social commerce could be an excellent way to achieve both publicity and convenience.
Lastly, merchants must be cognizant of the approach employed by these industry-transforming multinational corporations. It is evident that Amazon will persist in expanding and remain a top pick for consumers who opt to shop online. However, as has been proven before, the company is expected to set a standard that other e-commerce websites must endeavour to equal.
The launch of Google Shopping has been particularly intriguing, as it has bestowed us with a fresh collection of characteristics poised to transform the way we procure items online. Google’s picture search shopping and the formation of a single shopping cart, which enables us to purchase from multiple stores and receive the items in one package, are two pioneering innovations expected to have a significant impact in the forthcoming year.
Deepfake Technology (GANs)
The utilization of deepfakes is an intriguing yet unsettling development – a contentious topic. This is unsurprising, and if you’ve viewed the footage of Bill Hader copying Tom Cruise, you may understand why this could be problematic.
It is both astounding and unsettling to observe Bill Hader’s visage being seamlessly transformed into Tom Cruise’s without any evident transition cuts or editing. This amusing footage was facilitated by the same advanced technology that enables us to interchange one face for another, specifically machine learning methods like autoencoders and generative adversarial networks (GANs).
It is fortunate that the possibility for amusement provided by these methods is anticipated to be achieved in 2019. Generative Adversarial Networks (GANs) seem to be exceedingly formidable and entertaining applications, and could be used to formulate filters in apps or even act as replacements for actors unable to fulfill their roles in films. This presents a thrilling prospect for the entertainment industry.
As the technology underpinning deepfakes becomes more ubiquitous, we are probable to witness a growing number of amusing applications surface. This trend has been mostly stimulated by the use of Generative Adversarial Networks (GANs), which is liable to persist in the long run. Nevertheless, what we should keep in mind is the potential consequences of these apparently harmless applications.
In recent months, there have been several fervent dialogues regarding the topic of deepfakes, largely centred on the utilization of such technology for the production of inappropriate videos and the manufacture of false news articles. Considering the current climate of online communication, it is not arduous to anticipate that such content will endure a presence on the internet. Ultimately, it will be those who take action that will make the most substantial impact.
Though it is innocuous to employ deepfakes to amplify computer-generated imagery in movies, the prospect of creating films that have been manipulated in order to portray an individual in an unfavourable manner could have conceivably calamitous consequences. It is widely recognized that some individuals possess a propensity to believe whatever information they come across on the internet, and if they have witnessed it firsthand, how could one possibly clarify it to them?
As a result, the most impactful transformations will occur in our comprehension of online content and in how we endeavour to mitigate the negative societal effects of this burgeoning technology. California has already initiated enforcements concerning this material, and in 2023, China will follow in their footsteps.
The Future Outlook
It seems insincere to claim that Artificial Intelligence (AI), the Internet of Things (IoT), and 5G technology will persist as significant trends come 2023. It is far more intriguing to ponder how these technologies will enable the emergence of new trends which could conceivably have a substantial influence on our everyday lives.
Towards the close of 2023, there is a high probability that there will be remarkable expansion and widespread awareness for the topic under consideration. Though it may not be frequently discussed at present, it is worth remaining with us as it will become general knowledge within the upcoming couple of years. As a result, 2023 is anticipated to be a monumental year for the subject, even though it is not the year of its inception.
