The breathtaking pace of technological innovation makes it difficult to predict a tech trends 2023 list. Especially, when life-altering breakthroughs are happening every day. Take, for instance, Ameca, which, in 2022, marked a significant shift in the field of humanoid robotics. Its fluid body movements, including different facial expressions, made it ideal for seamless customer interaction.
In order to give us an idea of how pioneers in technology will shape our lives, this guide offers a comprehensive prediction of all the maturing technological trends that will lead to fruition in 2023. From hyper-automated workforces to the induction of the metaverse, this list has it all.
Top 10 Tech Trends 2023
1. Use of Low-Code or No-Code AI
In 2023, Artificial Intelligence (AI) will leave behind its technical jargon to embrace easy drag-and-drop interfaces, giving rise to no-code AI. Everyone uses computers now without having to understand the background programming of operating systems. Similarly, AI operations and solutions will become more functional without coders having to write a single line of code. Its increasing acceptance among laypeople will only allow more industries to fully leverage the power of AI-based intelligence and create smarter products. No-code AI has already seeped into the market with its user-friendly interfaces in varied domains such as retail and website development.
2. Curated Interactions like ChatGPT
One of the most sensational upcoming trends in the tech industry is ChatGPT. It has created a furor in the world of automated chatbots with its seamless GPT3 technology—the autoregressive language model which gives AI ‘human-like capabilities’ to understand and produce texts. Furthermore, with the help of deep learning, ChatGPT can generate images from text prompts, solve mathematical equations, and deliver a host of writing tasks ranging from finding clever video titles to writing poetry. Its creator, OpenAI, claims that the ChatGPT algorithm is trained to answer follow-up questions, understand its mistakes based on feedback, and challenge incorrect assumptions.
3. Marketing in the Metaverse
A 2021 Bloomberg analysis states that the metaverse market will reach a staggering $800 billion by 2024. The metaverse is a 3D virtual simulation where people can interact with one another via multiple platforms. In the reign of Internet 3.0, advertisers will realize the endless marketing possibilities of this immersive experience, making it the hotbed of brand awareness and engagement. Brands such as Nikeland are already tracking consumption choices and patterns in their metaverse stores with different kinds of AI and Virtual Reality- (VR-) powered experiences. Others too are seeking to expand user experience by connecting their physical stores to the metaverse via QR codes.
4. Digitally Immune Systems
A list of tech trends 2023 is incomplete without the introduction of the Digital Immune System (DIS). This system refers to an entire architecture of practices borrowed from software design, automation, development, operations, and analytics. It aims to mitigate business risks by neutralizing defects, threats, and system vulnerabilities to enhance the overall customer experience. The importance of DIS lies in automating the different elements of a software system so that it successfully fends off virtual threats of all kinds. Gartner predicts that by 2025, companies already deploying DIS will decrease customer downtime by about 80%.
A 2021 PRNewsWite report estimated the hyper-automation market share to grow to $26.5 billion by 2028, while a Salesforce report predicts at least 80% of organizations worldwide will move toward hyper-automation to optimize productivity and improve customer satisfaction. Hyper-automation is a crucial mix of all the latest tools of innovation such as:
- No-code AI
- Business management platforms and automated workflows
- Integration platforms
- Intelligent document processing
- Natural language processing
- Robotic process automation
- Process mapping tools
6. Growth of Green Technologies
Robert Alters, the global head of BBVA Open Innovation—a blockchain innovation company—says, “There are two megatrends, decarbonization and technological disruption, that have the potential to transform all industries.” This statement confirms the significance of green technologies as being among the top 2023 tech trends. In 2021 alone, climate tech startups raised nearly $40 billion to address the effects of climate change. From the large-scale conversion of industries into their cleaner counterparts (electricity) to the invention of renewable energy sources such as green hydrogen—green technologies will dominate the interrelated worlds of industries and innovation.
7. The Rise of Edge and Quantum Computing
A 2022 ReportLinker article estimates a sharp 21.6% growth in the edge-computing market between 2021 and 2028. Edge computing is a programming paradigm that captures, stores, and processes data within the data source instead of in a centralized server environment. This decentralized process brings insights closer to the actual point of interaction and enables the machine to analyze raw data in real time. Edge computing is everywhere, from smartwatches to computers watching intersectional traffic flow. However, the tech trends of 2023 could witness its radical implementation across the data analytics industry.
Apart from fostering a better understanding of life and modern health analytics, genomics has also strengthened our ideas on neural networks. In the coming years, rapidly evolving technologies such as pathogen intelligence, Next-Generation Genomic Sequencing (NGS) data analysis platforms, and scarless genome editing will leverage AI to decipher hidden genetic codes and patterns—making genomic data analysis and metagenomics gain the foremost aggregators in the biotech industry. The 2023 tech trends will also witness the rise of functional genomics that use epigenome editing to uncover the impact of intergenic regions on biological processes.
9. Digital Twins to Bridge the Gap Between the Digital and Physical Worlds
Hyper-automation has initiated a host of 2023 tech trends, one of which is the application of digital twins, which refers to virtual representations of real-world entities. The ubiquity of different data points has generated the demand among data scientists to virtually observe changes in real-life events and processes by feeding machines with a wealth of information. Cloud providers have already launched significant digital twin infrastructures such as Microsoft’s digital twin on-ramp or Google’s Digital Supply Chain to optimize logistics and manufacturing. A 2022 Grand View Research report projects a whopping 37.5% compound annual growth rate from 2023 to 2030, highlighting the increasing relevance of digital twins in the daily operations of industries.
Datafication of industries is an inevitable culmination of the innovations mentioned in the tech trends 2023 list. The process refers to the act of transforming or modifying human tasks into data-driven technology. It is the first formative step toward an all-encompassing data-driven society. Workforce analytics, product behavior analytics, transportation analytics, health analytics, etc, are different offshoots of the same customer-centric analytical culture. The massive number of connected Internet of Things (IoT) devices means multiple data points that drive more efficient analysis of company strengths, weaknesses, threats, and opportunities. Datafying industries are becoming a lucrative business model as its market crosses the $11 billion mark in 2022, according to Fittech.
Staying Ahead of Technology Trends with Emeritus
The pandemic has accelerated the much-needed human-AI synergy across industries. And 2023 appears to be the year when we galvanize this collaboration into some remarkable innovations. Stay updated with Emeritus’ online technology courses to keep track of how modern automation and AI are binding all the defining fields of our times into one data-driven society.
By Bishwadeep Mitra