It’s truly remarkable to contemplate the pace of technological progress that we’ve experienced in recent years. Yet, this is merely a glimpse of what awaits us in the years and decades ahead. The areas where technological growth is particularly captivating are diverse and expansive.
It’s evident that the technologies supporting businesses will undergo significant changes. In this blog post, we analyse and predict the evolution of several technological trends that you might already be familiar with or utilise in your company by the year 2023.
Artificial Intelligence
The growing usage of Artificial Intelligence (AI) technology is facilitating the creation of diverse useful tools such as virtual assistants, GPS trackers, and voice recognition systems. The ability to make decisions using computers has led to various applications and benefits and there is a projection of widespread AI adoption in the near future.
AI-powered wearable devices that monitor a patient’s health and offer potential treatment options are a remarkable example of how Artificial Intelligence is transforming our lifestyle. Another instance of AI’s impact is the rapid progress in developing accessible self-driving vehicles.
Blockchain
Blockchain databases store information in blocks instead of traditional rows and columns. It derives its name from the fact that every block is connected to the one prior, creating a chain of blocks. The structure of blockchain, coupled with the encryption and hash formats utilised, offer top-tier data protection.
This gadget is not only capable of tracking cryptocurrency prices, but also has various potential uses in other industries. Some of these include forming legally-binding agreements, securing confidential medical records, conducting monetary transactions, and even trading renewable energy generated by households and businesses. It is predicted that these and other applications will gain widespread adoption from 2023 onwards.
Simulation of Reality and Augmented Reality
Unlike Augmented Reality (AR) that overlays virtual elements on physical objects, Virtual Reality (VR) allows users to be fully absorbed in a computer-generated environment. This and similar technologies boast numerous potential uses, spanning from healthcare to the automotive and academic realms.
To assist patients in adapting to challenging scenarios without physically subjecting them to those situations, mental health practitioners may consider employing virtual reality (VR). This is one of several factors that will drive the increased usage of VR and augmented reality (AR) in 2023.
Robotics and Automation
With the continuous progression of technology, individuals from various fields can now utilise machines to handle tasks that are tedious, unpleasant, or potentially hazardous. Power companies, for instance, can promptly identify areas where trees and other plants have caused disturbance to their electrical equipment during storms, resulting in power blackouts.
Identifying these areas often involves hazardous and difficult procedures that necessitate sending personnel into hostile environments. By using drones to promptly detect such locales and dispatch the required personnel and equipment to the appropriate destinations, time and resources can be conserved. Predictions suggest that such solutions will be widespread by 2023.
Connected Devices in Manufacturing
The Internet of Things (IoT) is rapidly gaining popularity in business and manufacturing settings, with the phrase “Industrial Internet of Things” (IIoT) describing the group of internet-connected devices. These devices are not only useful for inventory management, but also enable optimal maintenance of machinery and the constant availability of supplies.
The far-reaching applications of IIoT devices indicate that their use will continue to expand in 2023. These devices can greatly enhance business operations by improving productivity and efficiency. The video below showcases further potential applications of IIoT technology.
Web-based Services
Due to the shift towards remote work in 2023, cloud services became increasingly vital for employees to access networks and store documents off-site. The usage of cloud services is expected to expand further due to their ability to support geographically dispersed teams and provide numerous other benefits.
By removing the requirement for regular maintenance, the use of cloud services can ease the burden on a company’s IT department. In addition, the provider of the cloud service can automatically handle software upgrades and issues triggered by third-party suppliers, leading to cost and time savings that would have been spent on procuring equipment that may go unused. All data and applications are hosted and operated on the service provider’s servers.
With the advantages mentioned above, cloud services can offer a cost-efficient remedy for businesses. By selecting a fixed monthly fee, companies can better manage their finances and diminish the danger of unforeseen expenses resulting from repairs. Additionally, cloud services are established for their secure infrastructure, enabling businesses to avoid any prospective security issues.
Quantum Computational Encryption
Quantum computers are fundamentally distinct from conventional models. Their quantum characteristics necessitate exceptionally precise circumstances, such as exceedingly low temperatures and limited activity, making them unfeasible for regular office usage in the immediate future. As a consequence, major organisations like educational institutions and governments are predicted to be the primary users in the future, with corporations accessing them via service providers such as Google.
Quantum computing is projected to expand in 2023 and beyond, owing to its ability to solve problems on a much grander scale than traditional computers. This technology has the potential to be utilised in the medical arena to diagnose diseases, uncover new ailments and find new treatments. Moreover, quantum computing has the potential to hone the efficiency of food supply chains and cultivate crop varieties that are more equipped to withstand drought, fulfilling the nutritional requirements of the global population.
Quantum computing has the ability to assist with climate change, update electricity distribution, and improve cybersecurity. Although there are still several obstacles to overcome before they can be applied with reliability, a large proportion of them are predicted to be resolved by 2023.
It’s Time to Organise
As we approach 2023, the tools available to you will be considerably more sophisticated and user-friendly than they are at present. To be ready for this, it is vital to contemplate how the following technologies can be integrated or elevated in your plans for the approaching year.
