Whatever it is – get ready for the future, because it’s coming fast!
The business tech world has exploded during the Covid-19 pandemic, and it’s showing no signs of slowing down. From AI-based decision making to the proliferation of the Internet of Things, here are a few of the top trends that will be dominating the headlines and boardroom meetings in 2023, according to industry experts (okay, sometimes it’s hard to tell on Twitter – but either way we’re seriously excited to see the growth ahead!):
- Machine learning and artificial intelligence: These technologies are already making waves, but they’re set to hit new heights in 2023. As we generate more and more data every day, ML and AI will play a crucial role in helping us analyze and make use of it. Just look at the insane amount of excitement around ChatGPT in the last month or so!
- Intelligent facilities: From buildings and venues to public spaces, 2023 will see the rise of intelligent facilities that continuously monitor and score health, sustainability, and quality of life. As people demand higher standards of living and as ESG regulations become more strict, property and construction tech will reach new heights. And really, it doesn’t seem limited to commercial and public applications, expect the proliferation of smart home tech to grow too.
- The Internet of Things: It kinda goes hand-in-hand with the intelligent facilities – We expect to see IoT become even more mainstream and ubiquitous in 2023, with more and more devices becoming interconnected and automated. From our home offices to our cars and public spaces, the IoT will create value in new and exciting ways.
- Virtual and augmented reality: VR and AR have already made their mark in the gaming and entertainment industries, but in 2023 we can expect to see these technologies become more widely adopted in other sectors. From education to tourism, VR and AR will only continue change the way we interact with the world around us in massive ways.
- Digital twins: Digital twins, which are virtual representations of real-world objects or systems (seriously, that’s the term), will become more widespread as businesses see their potential for increasing resilience. When combined with other technologies like AI and the metaverse, digital twins can be a game-changer.
- 5G networks: The availability and reliability of 5G networks will continue to grow, particularly outside the US. This will be a major boon for businesses with remote teams who struggle with poor internet quality. Increasing the availability and access to reliable internet has tremendously positive impacts on growth around the world, so this has amazing potential to shape the future.
- Social commerce: As social media platforms continue to evolve and more people use mobile devices, social commerce will become more prominent. This trend will see businesses using social media channels to buy and sell products and services, creating new opportunities for marketers. And as everything else with the creator economy, this rapidly changing space could look completely different in a short period of time.
- Blockchain: While it’s not a new technology, in 2023, we can expect to see significant advancements in blockchain technology, particularly in the area of web3 technologies. Web3 refers to the next generation of the internet, which is being built on decentralized, blockchain-based networks. This new internet will enable the creation of new applications and services, including decentralized finance platforms, non-fungible tokens, and decentralized autonomous organizations. In addition to web3 use cases, we can also expect to see more businesses adopting blockchain for traditional use cases like supply chain management and data security..
- Cloud-native development: With the rise of cloud computing, businesses will shift towards cloud-native development, which is designed specifically for cloud environments. This trend will enable businesses to develop and deploy apps faster and more efficiently.
- Cybersecurity: As the number of threats continues to grow, cybersecurity will become an increasingly important focus for businesses. From protecting against data breaches to ensuring compliance with regulations, businesses will need to prioritize security in order to stay ahead of the curve.
There’s no doubt about it – 2023 is going to be an exciting year for business tech and there are definitely even more areas growing. Get ready to embrace the future!
Stefan Friend.
