2023 is a year of huge technological advancements. Learning about the latest trends in technology that can affect the current industries is a must!
From the continuous discussion of Metaverse to the increasing popularity of 5G networks, new technology of 2023 consolidates new future technology trends from faster internet to smarter way of living, and much more environmental sustainability from a tech creation perspective.
According to the IDC Worldwide Semiannual Digital Transformation Spending Guide, the global annual spending on technologies and services will hit a whopping $3.5 trillion by 2026. The spending on digital transformation (DX) is at an estimated compound annual growth rate of 16.3% in the next four years. In the future digital realities, related products and services will be hyper-personalized. And to decipher that, we will require a technological vision that meets the requirements of constantly changing on-demand experiences.
In a digital ecosystem that’s transitioning from SMAC to distributed ledger and quantum computing, where does your business stand? To understand this question, we have come up with new trends in technology that you can incorporate into your business.
AI integration in various tactical operations of businesses has already become one of the latest technology trends. From sales & marketing to customer support, AI is omnipresent. With mind bending solutions like Chat-GPT, the AI tech is creating revolutions everywhere.
In fact, a PWC survey states that out of the 1000 respondents, 364 respondents have already applied AI among the top new technologies and are reaping benefits. AI integration can help in a plethora of processes & workflows such as:
In Sales -
In Marketing -
In Customer Support -
In Operation -
AI is also getting into automated deliveries. For instance, UBER is already testing robots for automated and timely deliveries to its customers via drones.
With the inception of technologies such as augmented reality, virtual reality, metaverse etc, the gaps between the digital and physical world is closing. It won’t be long before the virtual world will become a part of our physical reality just like “Ready Player One”.
By combining all these top new technologies, companies have already started to create simulations of their operations and processes. This one of the top future emerging technologies trends would enable their employees to make tweaks digitally and test their efficacy without disrupting the actual physical process. In fact, out of the many advanced technologies examples of this new technology for the future is how Formula 1 teams are using the data from the race track environment. They collect a huge amount of real data from the race track, and utilize it to make design changes to their Formula 1 vehicle.
The world has already understood, if we don't do anything now then we are on the verge of a catastrophe that is irreparable. Organizations today understand the value of the green technology revolution and are trying to become carbon neutral. In fact, there are organizations who aim to create a carbon negative footprint by reducing their carbon emission and planting more trees using this new technology for the future.
From mining of minerals for chip manufacturing to basic computational processes such as read and write of disk, everything requires power, generates heat, and adds to the carbon footprint. There has been an extensive use of paper within organizations. However, it's not just Greta Thunberg but organizations of today are taking stringent steps to overcome the climatic crisis we are witnessing and adopting top future emerging technologies trends that generate less emissions.
With policies such as zero paper use, usage of computational devices among the future emerging technologies with better energy ratings, device usage ethos, etc, organizations are willing to change how they operate. In fact, in the energy sector, the concept of decentralized power grid and distributed power generation with the amalgamation of household generation of electricity via solar power, are all steps taken for a greener future.
Even AI with its machine learning algorithm and IOT devices constantly monitor supplies and direct it to places optimizing the consumption while reducing energy wastage. Green technologies is amongst the latest IT trends that’ll sustain itself, and will keep on upgrading in the future.
Experts have predicted that Metaverse will be a $5 trillion economy by 2030. This is no farce considering the aim of Metaverse platforms is to create a virtual world where people can work, socialize, and do all sorts of unimaginable feats.
With the combination of future emerging technologies AR and VR backed by photo-realistics graphics created by CGI artists, it won’t be long before the difference between Metaverse and physical realm will fade away. Imagine a future where employees can work in an office environment while sitting in their home, and attending meetings at different geographies but interactively, just like face-to-face.
CRISPR/Cas9 is a gene-editing technology and one of the crucial latest IT trends that is capable of making precise changes in the DNA structure of plants. It has been there for a while but again resurging with further upgrades as an emerging new technology of 2023 that’ll simplify gene-editing just like word processing.
The user is simply required to make certain alterations in the DNA, and with the power of nanotechnology, another top example of crucial latest IT trends, plants can be modified very easily. It is the future of technology, as it’ll allow feats like correcting mutation, fixing allergies, increasing health, changing physical characteristics, etc.
Quantum computing is among the latest technology trends widespread throughout the globe. With so much data at bay collected by companies, it is simply impossible for a regular processor to create models that are efficient enough to solve complex problems using regular computational power. For example, calculation of the largest prime number for creating encryptions.
However, the quantum computing realm has seen leaps and bounds, in terms of computational power. This one of the sensations among the top new technologies trend works at subatomic level to create processors that are trillion times faster than the current generation of regular processors. With the capability of quantum computing, thanks to this one of the top upcoming IT technologies, humans would be able to solve multiple equations that’ll help unfold and discover various realities that would otherwise take years to achieve.
Web3 is the new technology for the future that is redefining how the internet works. It is a new type of world wide web that collaborates technologies like blockchain, decentralized, and token-based transactions. In fact, decentralized finance or DeFi is a core part of Web3 enabling users to take loans on their digital assets.
Statista analysts have also stated that technologies like Web3, B2B platforms, DeFi will have an estimated value of $71.5 billion by 2025. Web3 is the new emerging technology of 2023 that’ll reshape the economy with the emergence of more decentralized products and services. NFTs (Non-fungible tokens) will become a huge part of the economy enabling newer ways of making transactions. Web3 is bound to become an alternate reality in the future of technology for people accessing the WWW frequently.
An article published by Built in mentions 20 humanoid robots that are already in use. This article covering the upcoming IT technologies mentions a series of robots that can perform various tasks such as:
Below is a tease by Mi of its humanoid robot that recognizes gestures and interactions “Cyberone”.
With further advancements, these robots will replace humans with menial tasks. In fact, it won’t be long before robots can be sent into deep space for exploration, and finding new planets & cosmic phenomenons that’ll help us understand the universe better.
The future of internet speed is the future of 5G technology. The term ‘5G’, one of the fastest rising latest technology trends, has been creating a buzz for almost half a decade now and since it has rolled out, it definitely, like its predecessors, has created a revolution of a kind. The advent of 5G is one of the most enigmatic existing technologies that are impacting businesses in 2023. Many industry experts of upcoming IT technologies have termed 5G as the future of communication and seeing its growth among latest technology trends proves it is true.
“5G wireless networks will support 1,000-fold gains in capacity, connections for at least 100 billion devices and a 10 GB/s individual user experience of extremely low latency and response times, as stated by the new technology for the future report by Huawei."
The most striking achievement of 5G, one of the most popular latest technology trends, is its speed which is expected to clock at 20 GB/s. Now, how fast are we discussing? Let us take an example of these upcoming IT technologies. Suppose you download the contents of an (approx) 5 GB DVD at an average of 50 MB/s. It will take roughly about 13 minutes. Now the same will take barely 2 seconds to download on 5G at top speed.
Some noteworthy goals of the 5G as one of the top upcoming technology trends include
However, to take this one of the latest technology trends to everyday mobile users, mobile network carriers will need to increase bandwidth and reduce network costs. Moreover,a report by Statista states that by 2025, over 25% of the mobile connection across the globe will be 5G. This data also states North America to be the earliest and highest adopter with 51% 5G mobile network connections.
One of thenew advanced technology, 5G opens up a massive playground where multiple businesses will find their advantages. The latest IT trends, like self-driven cars, VR/MR/MR, empowered smart cities, etc. strengthen the foundation for ‘what’s next in technology. Adding more, the lower latency and high internet will aid especially SaaS businesses to provide exceptionally fast services to their customers. It will positively impact the customer retention and the quality of internet based services that’d give an impression that the softwares is installed locally on the system.
If you keep up with top new technologies trend, you must be aware of companies like Tesla, Alphabet, and Waymo, and the one thing that is common among them is their objective, which is to craft impeccable autonomous vehicles. The idea of a driverless car in itself generates a considerable amount of excitement. However, an idea that seemed almost impossible to achieve has stemmed its footing. Now, there are multiple companies worldwide with the vision of driverless cars such as Rivian, General Motors, Lyft, Berkeley, Ford , etc.
Tesla and SpaceX founder and chief Elon Musk already has the future design of autonomous vehicles and aims to go big in this industry. During an interview Elon has stated, “From our standpoint, if you fast forward a year, maybe a year and three months, but next year for sure, we’ll have over a million Robo-taxis on the road.”
Examples of this trending technology and its functions like automated braking, lane-changing, and automation of other in-car systems are on their way to being streamlined with the guidance of data capture and analytics.
However, Gartner analyst Mike Ramsey thinks differently, which undoubtedly has a point,
“The idea that you can have a vehicle that can make complex decisions for full self-driving is just not plausible at this point.”
There is still time for the modulation of the laws for emerging technology trends like autonomous driving by legislators, regulators, and authorities. Over that, significant tweaks will be required in the existing infrastructure, laws, and social attitudes before we can embrace autonomous vehicles in the new upcoming technology trends in information technology. Autonomous vehicles have already got the green light in a few regions to run on roads. However, the market is very limited, and to become the future of technology in the global economy, these vehicles will have to become much smarter.
Today, the primary concern of every industry is the laggy approach that sometimes affects the overall management of the operations. Therefore, industries are focusing more on the efficiency and the response rate of computing, through which data analysis is made. And here comes the role of edge computing.
Edge computing, one of the technology latest trends in 2023, brings data storage and computation closer to the businesses, and hence, ameliorates the response times and saves bandwidth. Also, this one of the growing technological trends of 2023 that weighs more like the current trend in technology because the industries are rapidly empowered with sophisticated and specialized resources, which is bound to reduce the latency.
The primary advantages of Edge computing as one of the top new technology for the future trends include -
In the video below, you can see a cohesive demonstration of the massive Amazon Zeppelin which acts as a mothership to all the delivery drones. The drones have swanky posh features that any geek will embosom right away. Things like Hybrid design, fully powered AI, a variety of sensors to detect static and dynamic objects, peerless air stability and stamina, safeguarded rotors and environment-friendly features exude the transcendental growth among delivery drones.
The term democratization is derived from the word democracy. Like in a democracy, everyone has equal rights and responsibilities, similarly, the democratization of technology refers to the easy access of technical domain to everyone, irrespective of their profession and place.
Gartner asserts four key aspects of the democratization of technology trends that will make the latest technological trends in the postmodern era after 2023:
The best example of democratization can be credited to the developers, who will be able to generate data models without learning the skills of a data scientist.
However, there is still a concern that what are the new emerging trends in information technology because it will also enable people to exploit easy-to-use tools, which may pose harm to society.
Human augmentation can be defined as a process by which a person’s physical and cognitive ability is strengthened. Once implanted in a human being, it will enable the person to execute tasks that were earlier impossible for him.
There have been a myriad of different prospects created such as smart glasses, cochlear implant, bionic eyes, etc, that are changing human lives. Then the cases of human augmentation in soldiers are a highly anticipated topic and are in pursuit behind the curtains by the armed forces of many countries, as per reports.
The technology latest trends in the postmodern era, like the augmentation of humans, will not only enhance the physical endurance of a person but will also enhance the human’s ability to think and decide better. To put it simply, we can say that human augmentation does hold substantial potential in the future of technology. In fact, the amalgamation of human augmented devices with AI based systems are already in concepts that will increase tactical advantages for soldiers.
The trends in cloud storage and cloud computing are already embraced by industries across the globe and the next big thing that is going to hit the tech ecosystem is the distributed cloud system. Distributed Cloud, one of the fastest emerging technologies, helps in connecting the public cloud distributed operation of cloud services to specific locations. Backed by distributed cloud services, there are a plethora of cloud innovations taking place. Innovations such as on-demand instance computation, serverless services, servers with auto-scaling, training of machine learning and prediction models with scalability, etc.
According to a Forbes report on cloud-based technological innovations, It is expected that by the end of 2025, 75% of the enterprise-generated data will be processed regardless of the centralized data center. This new technology industry will be a significant breakthrough in cloud infrastructure.
Distributed Cloud is still in its infancy and there is a long way to go. Many companies are up with their service subsets to be used in a distributed way.
Shaping as one of the new future technology trends in the postmodern era this year, Distributed ledger technology (such as blockchain), Artificial intelligence (AI), Extended reality (including virtual and augmented reality), and Quantum computing, abbreviated to DARQ form one such future technology trend of 2023 that is getting its due upgrades on priority. So, when you approach hiring, training, and employee retention in 2023, keep DARQ in mind.
Volkswagen, for instance, is already cashing in on one of the biggest new technology trends. It uses quantum computing to test traffic flow optimization and accelerate battery development.
The company is also testing distributed ledgers to provide automatic payments at gas stations, create tamper-proof odometers, protect cars from hackers, and more. Similarly, it’s using AR instructions to help service employees repair vehicles.
Taking all these use cases of DARQ into consideration, we can say that its existence in 2023 is beyond the shadow of a doubt.
Digital integration into people’s lives has become so deep that data analytics has more information than they could ever analyze with current technology. As consumer analytics becomes a crude priority of every business, the latest tech trend is profiling consumers by examining how they interact with the technology at hand.
To analyze the gateways to profiling user spending patterns, we need to answer questions like -
The trick here for businesses is to integrate and adapt to an individual’s preference for the latest technology. Gillette is one such example that has partnered with 3D printing startup Formlabs to offer customized razor designs.
Despite having a promising future, a top technology trend like this raises one glaring question – where is consumer consent in this personal profiling and where do we draw the socially acceptable line and how will this line differ from consumer to consumer?
Well, for that, we have to wait and observe the manner in which personal profiling will be deployed by businesses in 2023.
Artificial technology or AI is not a new term in the IT-sphere, but now there are further verticals of AI that are shaping the industries globally and this is eventually making the technology features in the top IT trends today.
AI technology trends, including products like AlterEgo, a mind-reading wearable, and citizen robots like Sophia, are promos on how big AI technology will get in 2023. Companies like Domino's and Doordash are already experimenting with drones and robot delivery.
Although at present, these latest emerging technologies are still riddled with glitches threatening human safety, looking at their enormous prospects, AI supplements are bound to become one of the fastest-growing technological trends in 2023.
Ever since the European Union’s General Data Protection Regulation (GDPR) tightened the bolts on privacy and data protection laws, businesses and consumers alike have become more aware of their vulnerability to data breaches and cyber-attacks.
New emerging technologies and inventions of technology in the postmodern era like cryptocurrency will be one of those upcoming technologies that are yet to be compliant with privacy laws. In fact, an article by Verdict clearly states the average cost of data breaches increased by 2.6% between 2021 and 2022. As a result, an entire ecosystem, based on data-driven technologies, that is constantly growing in its interconnections is a key tech trend that businesses can benefit from by forging early-on partnerships.
Real-time opportunities to capture "momentary markets" will change the face of customer analytics and advertising in ways hard to imagine. As digital realities get more sophisticated and narrowed down to an exclusive reality of each moment, global technology trends will align towards more customized and on-demand experiences to fulfill customer needs.
To do this, businesses will need to combine real-time analytics capabilities with sophisticated back-end systems to capture constantly altering customer needs. Pairing this with constantly updating digital demographics will open new alleys for businesses to discover unmet customer needs.
One of the technology latest trends in information technology, Automation is aimed to augment people and propel business operations. It combines packaged software, machine learning tools, and automation tools to deliver the results. In the next couple of years, the automation of data science will empower scientists to churn out advanced analyses.
According to a PWC report, automation will go through three waves of automation:
The speed at which machines are learning and upscaling, human workers’ digital sophistication will be a must-have in the new technologies trends in 2023. According to current tech trends, the present human workforce is dealing with a disruptive digital transformation where cloud, analytics, and digital waves may still stand essential for groundwork but are no longer the crown jewels of “disruptive technologies.” Yet the human workforce is still recruited, trained, and assessed in pre-digital ways.
To integrate new technology in 2023, businesses need to train their workforce in a post-digital manner. For instance, the next-gen workforce needs to be trained in Augmented Reality, Virtual Reality, the Internet of Things, Blockchain technology, and top Artificial Intelligence trends, among other new future technology trends that are bound to witness extensive growth among what's trending right now.
A much-anticipated new advanced technology of 2023 that is getting further upgrades will be the sophistication of technology in the medical field. 3D printing will open a new business of advanced prosthetics as many universities are expanding their research in the 3D printing of bionic body parts.
Scientists at Princeton University, New Jersey, for instance, have 3D printed a "bionic ear" that can "hear" radio frequencies far beyond the range of normal human capability.
Similarly, telemedicine and virtual diagnosis powered by AI and AR will need businesses to rework their business model in medicine.
As cryptocurrency gains stronger credibility and digital payment systems like Google Pay and Amazon Pay grow in use, traditional banking will lose its ground.
In 2023, traditional banks will still hold a greater value, but businesses are carving out more adoption space for growing digital transaction sources. It’s no coincidence that banks like Bank of America are gathering blockchain patents.
New technology trends in 2023 will come with both unfathomable innovation and intricate connectivity, drawing the social responsibility of businesses to respect the ethical lines of the consumer data breach. According to the Statista report, the AI Software Market, across the globe, will contribute over $126 billion to the global economy by 2025.
Analytics will see dramatic changes for businesses in terms of product modification. A machine learning app developed by Sam’s Club is already using machine learning to analyze customers’ past purchases and auto-fill their shopping lists. It also plans to add a navigation feature, which will show optimized routes through the store to each item on that list.
While this suggests more sophisticated consumer satisfaction and better business, it also begs the question of what is the real cost of consumer analytics collected for services by top segments such as blockchain companies or top app development companies.
In 2023, businesses not only need to come together to form a cyber-secure ecosystem but also review their take on data analytics. For that to happen, the present staff needs to be well aware of the new future technology trends to follow the process accordingly. We expect to catch sight of a technologically advanced world with conclusive use cases of all the above-mentioned technologies.
Technology is an ever-evolving root term, and whatever technology is in use right now, can be covered under the current technology trend. And for the technologies that are anticipated to catch up in the future can be credited as the upcoming technology trend.
There are multiple things new in technology such AI integration in business, datafication, higher computing power, higher internet speed, etc.
With changing times, technology has set foot in almost every aspect of our lives. Right from calling to control home lights, everything is on our fingertips. As we proceed in the future, technology is expected to make more way into our living.
There are several trends that are ongoing. To learn more about them, refer to the article above.
To keep up with the latest trends, you can read various articles on it or subscribe to tech forums of your liking.
Aparna is a growth specialist with handsful knowledge in business development. She values marketing as key a driver for sales, keeping up with the latest in the Mobile App industry. Her getting things done attitude makes her a magnet for the trickiest of tasks. In free times, which are few and far between, you can catch up with her at a game of Fussball.
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