Top 10 Biggest Technology Trends in 2023
The world today has started to grow at a faster pace than ever. More than 90% of our everyday life revolves around technology. At the start of every year, people are ready to welcome innovations in science.
Latest-style gadgets and futuristic technology have become a trend in the world. It has, most importantly, impacted IT professionals and business owners. Soon after the rise of the coronavirus pandemic, Technology has taken a toll.
While more people are promoting a contactless world, our expectations for 2023 have grown bigger. Machine Learning (ML) and Artificial Intelligence (AI) will impact business in the future. New trends will be overtaking the industry. As a result, youth is most expected to experience a more advanced world.
While plenty of changes are going to follow, the technology trends for 2023 follow a long list too. Gartner Incorporation has announced its top 10 strategic trends for the next year. After studying these, we have finalized our list of the 10 biggest technology trends that will rise in the year forward.
Technology Trends For 2023
Knowing the upcoming technology trends for 2023 can offer plenty of benefits. It will let you know about the skills that may help you in the future. After all, securing your future in this era is mandatory for everyone.
Have a look at the list below and try to understand its role next year.
1. Blockchain Technology
What is Blockchain Technology? People keep asking the same question even after a decade after its invention. It is because technology has been growing rapidly since the beginning. Now and then, new applications are being launched in this sector.
For many people, Blockchain Technology is all about cryptocurrencies. However, it is much more in terms of security and information. You can consider it a data-collecting system in the form of blocks. It prevents hacking, deleting, or changing of data once it is added.The storage system of this technology is termed the ‘Digital Ledger.’
2. Datafication
Datafication, in simple terms, is the process of transforming objects, subjects, and everyday practices into digital data. You can also consider it is the conversion of business isn’t everyday aspects into data-driven platforms and technology. By storing information in the form of digital data, security becomes a benefit.
Hence, Datafication is an important trend for everyone from entrepreneurs to market-leading organizations. Some popular sectors like human resources, insurance, and banking highly use this technology for good. It can boost processes on a micro and macro level once a business owner datafiles everything they have.
This technology offers great career growth for professionals like big data engineers, IT professionals, Data scientists, IT architects, and more.
3. Metaverse
The term Metaverse The Next Big Thing is known to many people after Marvel. However, the storm, in reality, is a rising trend that can lead to the industrial revolution. In simple terms, the meaning of the Metaverse is beyond the universe. It is the internet's newer phase where everything will be transformed into web 3.0.
The latest technologies like Augmented Reality (AR), Virtual Reality (VR), 3D Technology, Machine Learning (ML), and Artificial Intelligence (AI) are its bases. Metaverse technology is used to create a 3D virtual universe to provide people with an immersive and futuristic experience. It provides a device-independent space,which means that Metaverse is no one’s personal property.
The future of Metaverse is expected to combine all Virtual ecosystems. You may easily be accessing it using a single browser.
4. Quantum Computing
Quantum computing refers to the advancement of computer technologies Based on the principles of quantum technology. Quantum computing processes power through a combination of bits to perform different tasks. A quantum computer solves complex problems that are impossible for a classical computer.
The two major aspects of this technology are Quantum Entanglement and Superposition. In simple terms, quantum entanglement is the process in which two particles, no matter how far from each other, are linked together with no change in their states. Superposition, on the other hand, is the ability of a particle to remain in multiple states at the same time unless it is measured.
According to reports, the overall revenue for the worldwide computing industry is expected to cross USD 8.6 billion by 2027.
5. Extended Reality
According to Forbes, Extended Reality (XR) is considered an umbrella term for all immersive learning technologies. These include Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR). Each of these is described as,
- Virtual Reality (VR) – The formation of a learning environment that creates a successful interaction bond with people and objects.
- Augmented Reality (AR) – the addition of Digital and interactive elements in a real-world environment Using a smartphone, tablet, or headset.
- Mixed Reality (MR) – The use of advanced computer technology, input systems, and graphics to combine real and digital worlds.
These technologies combine and extend reality by simulating digital elements in the real world. It is most popular among medical professionals, retail specialists, and probably gamers. More organizations are moving towards XR due to its multiple benefits.
6. Non-Fungible Tokens
Very new to the world is the technology trend of Non-Fungible Tokens (NFT). Several people have been asking Google What Is NFT. You can consider these as Blockchain-based tokens, each of which represents unique assets. For instance, digital media, content, or a piece of art. These are cryptographic assets that cannot be duplicated like cryptocurrencies.
Every NFT has a unique identification code, along with the metadata that distinguishes it from the others. The industry also uses these to represent the identities and property rights of individuals. These simplify the terms like trading, buying, and selling while preventing fraud.
What’s more about Non-Fungible Tokens is that you can combine one NFT with another NFT and create a third unique NFT.
7. Super Apps
The best way to understand our super app is to relate it to a superhero. Like one superhero can perform the tasks of different heroes at once, a super app is the best alternative to multiple apps. For instance, you may be using a single mobile application to shop, play games, order rides, Chat online, and much more.
According to reports, 72% of global consumers from countries like the UK, USA, Australia, and Germany are fond of super apps. Among these, 25% of the consumers were extremely interested, while 74% showed little interest.
A higher percentage of these applications is popular in Asian countries. It is because the mobile phone is the primary source of e-Commerce and communication in these parts of the world. Successful and popular examples of super apps Include WeChat, AliPay, Gojek, and Grab.
These apps are said to Offer transportation, e-Commerce, food delivery, social networking, Finance, health, and security services.
8. Industry Cloud Platforms
Industry cloud platforms are cloud platforms that are used for business. These make a notable and emerging technology trend as they can create innovative industry solutions. Also, these platforms combined with Traditional cloud services to create vertical solutions for the business industry.
Vertical solutions can also be understood as customized solutions for a particular audience. For instance, banking institutions may offer a personalized cloud computing service that only relates to financial issues. As a result, these specific solutions do not overlap with other industries or organizations.
There are three most popular examples of Industry cloud platforms in the global cloud market. These include Google Cloud, Amazon Web Services, and Microsoft Azure.
9. Green Hydrogen
Many of us are still unaware of the term Green Hydrogen. While hydrogen can be created in plenty of ways, Green Hydrogen is produced using renewable energy instead of fossil fuels. There are several benefits of this type of hydrogen for industries and great organizations.
You can consider Green Hydrogen as one of the Top most low carbon fuels. Most oil and gas firms are moving towards the production of Green Hydrogen. However, it is an extremely expensive process and requires a massive amount of renewable electricity to perform electrolysis.
The biggest challenge of green hydrogen today is its production and transportation. It requires plenty of space to produce and is extravagant in terms of transportation.
10. Genomics
The last technology trend on our list is genomics. It is the study of a person’s entire genome or genes Along with their interaction with the person’s environment and with each other. It can easily uncover the genetic makeup of an organism,which includes genetic differences and mutations.
This rising technology offers multiple applications in biotechnology, social sciences, and medicine. It is the ultimate solution for research analysts to examine the drug response of multiple genes in a human. The study of genomics majorly relies upon the structure of genes and their mapping.
In terms of career building, this technology offers a plethora of technical and non-technical roles. This technology will continue to grow with the addition of genomes in the healthcare industry.
The Bottom Line
2023 will be sharing many more technology trends, like Digital Trust, Edge Computing, Robotic Process Automation (RPA), and Wi-Fi 6. However, the 10 above-mentioned Technologies are expected to become the biggest trends of the upcoming year.
Are you aware of any other technological trends in the upcoming year? Feel free to share your reviews about advanced technology and its trends in 2023.
