Technology is constantly evolving and creating new possibilities for businesses and consumers. In 2023, we can expect to see some exciting developments and innovations that will shape our digital world and impact various aspects of our lives. Here are some of the key technology trends that you need to know for 2023.
AI Everywhere
Artificial intelligence (AI) is becoming more accessible and powerful, enabling businesses to create smarter products and services, and augmenting human capabilities. AI is not only limited to software applications, but also embedded in hardware devices, such as smartphones, cameras, cars, and drones. AI is also powering new forms of interaction, such as voice assistants, chatbots, and facial recognition.
Some examples of how AI will be everywhere in 2023 are:
- No-code AI: This trend refers to the use of easy drag-and-drop interfaces that allow anyone to leverage the power of AI without coding or technical skills. No-code AI platforms enable businesses to create custom solutions for various use cases, such as data analysis, automation, personalization, and prediction.
- Contactless, autonomous shopping and delivery: This trend refers to the use of AI to make it easier for consumers to pay for and receive goods and services. For example, Amazon Go stores use AI to track what customers pick up and charge them automatically when they leave. Similarly, autonomous vehicles and drones use AI to deliver goods to customers’ doorsteps.
- AI augmentation: This trend refers to the use of AI to enhance human capabilities and performance. For example, AI can help workers with tasks such as scheduling, decision making, communication, and learning. AI can also help customers with tasks such as finding information, getting recommendations, and solving problems.
Parts of the Metaverse Will Become Real
The metaverse is a term that describes a more immersive internet where we can work, play, and socialize on a persistent platform. The metaverse is not a single virtual world, but a collection of interconnected digital spaces that can be accessed through various devices. Experts predict that the metaverse will add $5 such as solar and wind power, electric vehicles, carbon capture and storage, biotechnology, and green hydrogen . Green tech is becoming more affordable and efficient, making it more competitive with fossil fuels. According to some estimates, the switch from fossil fuels to renewable energy will help economies save $12 trillion globally by 2050. If you want to save on your electricty bill, then you must check ppl electric rates to find the best energy provider.
Some examples of how green tech will be at a tipping point in 2023 are:
- Green hydrogen: This is a new clean-burning source of energy that is produced by splitting water molecules using renewable electricity. Green hydrogen can be used for various purposes, such as heating, transportation, and industry. It can also be stored and transported long distances, from regions with abundant wind or solar energy resources, to energy-hungry areas thousands of kilometres away .
- Nuclear fusion: This is a process that mimics the way the sun produces energy by fusing light atoms into heavier ones. Nuclear fusion has the potential to provide near-limitless, safe and clean energy, without producing greenhouse gases or radioactive waste. However, it is still a challenging and expensive technology to develop. In 2023, we can expect to see some progress in nuclear fusion research, following the recent proof of concept that it can generate more energy than is required to kickstart the fusion process .
- Electric vehicles: These are vehicles that run on electricity instead of gasoline or diesel. Electric vehicles are becoming more popular and affordable, as battery technology improves and charging infrastructure expands. Electric vehicles can reduce air pollution and greenhouse gas emissions, as well as lower fuel and maintenance costs. In 2023, we can expect to see more electric vehicle models and options available in the market .
Hyperautomation
Hyperautomation is a trend that combines multiple technologies such as AI, IoT, robotics, cloud computing, and blockchain to automate end-to-end business processes and workflows . Hyperautomation aims to improve efficiency, quality, speed, and scalability of operations, as well as reduce human errors and costs. Hyperautomation also enables businesses to adapt to changing customer demands and market conditions.
Some examples of how hyperautomation will be implemented in 2023 are:
- Robotic process automation (RPA): This is a technology that uses software robots or digital workers to perform repetitive and rule-based tasks, such as data entry, invoice processing, or customer service. RPA can free up human workers from mundane and tedious work, allowing them to focus on more creative and strategic tasks .
- Intelligent process automation (IPA): This is a technology that enhances RPA with AI capabilities, such as natural language processing (NLP), computer vision (CV), or machine learning (ML). IPA can handle more complex and dynamic tasks that require human-like reasoning and decision making, such as document analysis, fraud detection, or sentiment analysis .
- Business process management (BPM): This is a technology that helps businesses design, model, execute, monitor, and optimize their business processes. BPM can help businesses align their processes with their strategic goals and customer needs. BPM can also integrate with other technologies such as RPA or IPA to create seamless and automated workflows .
