It is remarkable to consider the rate of technological development that has been witnessed in recent years. However, this is only a small indication of what is to come in the years and decades ahead. The most fascinating advancements in technology are seen in a variety of areas.
It is clear that there will be significant changes in various technologies, especially those that support businesses. In this article, we assess and forecast the development of multiple technological trends that you may be familiar with or use in your organization by 2023.
The increasing use of Artificial Intelligence (AI) technology is enabling the development of a range of beneficial tools such as virtual assistants, GPS trackers and voice recognition systems. Computer-based decision-making capabilities are providing numerous applications and advantages, with a forecast of broad usage of AI in the upcoming year.
The use of AI-enabled wearable devices to assess a patient’s health and provide potential treatment options is a prime example of how Artificial Intelligence is revolutionizing the way we live. Self-driving vehicles, which are making great advances in terms of accessibility, are another example of AI’s influence.
Blockchain databases store data in blocks rather than rows and columns. The name of this technology comes from the fact that each block is linked to the previous one, forming a chain. The layout of blockchain, along with the encryption and hash formats used, provide a high level of data security.
This device can not only be used to monitor cryptocurrency prices, but has a range of potential applications in other sectors. These include the creation of legally binding contracts, safeguarding sensitive medical data, processing financial transactions, and even trading in green energy generated by households and companies. It is expected that these and other applications will become increasingly popular from 2023 onwards.
Reality Simulation and Augmented Reality
In comparison to Augmented Reality (AR), which superimposes virtual elements onto physical ones, Virtual Reality (VR) enables users to completely immerse themselves into a digitally-generated environment. There are countless potential applications of this and other similar technologies, ranging from the medical sector, to the automotive industry, to the academic field.
Mental health professionals may utilise virtual reality (VR) to help their patients acclimatise to difficult scenarios without having to be in those situations. This is just one of the reasons why VR and augmented reality (AR) will continue to gain traction in 2023.
Automation and Robotics
As technology continues to advance, professionals from all sectors are now able to utilise machines to manage tasks that are mundane, undesirable, or even dangerous. For example, power companies are now able to quickly identify locations where trees and other vegetation have caused disruptions to their electrical equipment after storms, leading to power outages.
This is an arduous and dangerous undertaking that can require deploying personnel into hostile environments. Utilising drones to quickly identify these areas and dispatch the necessary personnel and equipment to the relevant locations can save time and resources. This type of solution is expected to be commonplace by 2023.
Connected Things in Manufacturing
The Internet of Things (IoT) is becoming increasingly prevalent in commercial and manufacturing settings, with the term “Industrial Internet of Things” (IIoT) being used to describe the network of internet-connected devices. These devices can be used for more than just inventory management, as they can be utilised to ensure that machinery is kept in optimal condition and that supplies are always available.
Due to the vast range of applications, it is expected that the use of IIoT devices will continue to grow in 2023. These devices are beneficial to businesses as they can increase productivity and efficiency. The video below demonstrates how IIoT technology may be used in other ways.
As businesses adopted remote working in 2023, cloud services became increasingly necessary for employees to access networks and store documents remotely. The use of cloud services is set to continue growing due to its ability to support distributed teams and provide other beneficial advantages.
The use of cloud services can reduce the burden on an organisation’s IT department by eliminating the need for routine maintenance. Software upgrades and faults introduced by third-party suppliers can be managed automatically by the cloud service provider, thus saving the business time and money that would have been spent on purchasing equipment that may not be used. All data and applications are instead stored and operated on the provider’s servers.
Due to the benefits outlined, cloud services can provide a cost-effective solution for businesses. By opting for a flat monthly rate, companies can budget more effectively and reduce the risk of unexpected expenditure due to repairs. Furthermore, cloud services are renowned for their secure infrastructure, allowing businesses to avoid any potential security threats.
Computational Quantum Encryption
Quantum computers are significantly different from traditional models. Their quantum properties require very precise conditions, such as extremely low temperatures and minimal movement, which makes them unlikely to be commonplace in offices in the near future. As a result, large organisations, like educational institutions and governments, are anticipated to be the primary users in the foreseeable future, with corporations having access to them through service providers, like Google.
It is anticipated that quantum computing will experience growth in 2023 and beyond, due to its capacity to solve problems on a much larger scale than what traditional computers are capable of. This technology has the potential to be used in the medical sector to diagnose diseases, detect new illnesses and discover new medications. Additionally, quantum computing could improve the efficiency of food supply chains and develop crop varieties that are better equipped to withstand drought, aiding the global population in their nutritional needs.
Quantum computing has the potential to help with climate change, modernise electricity distribution and enhance cybersecurity. Despite the fact that there are still many challenges to overcome before they can be used reliably, it is expected that a majority of these will be addressed by 2023.
Time to Get Organized
By 2023, the tools currently at your disposal will be much more advanced and user-friendly than they are now. To ensure that you are prepared for this, it is important to consider how the following technologies can be incorporated or enhanced within your plans for the upcoming year.