Top 10 technology trends for 2023

Recent years have seen a period of increased global unrest characterized by pandemics, inflation, geopolitical unrest, supply issues, blockades, etc.

Due to this harsh economic environment, it is an excellent moment to modify how we conduct business and a pivotal time to adopt new technological solutions that aid organizations in navigating these challenging times and utilizing them as a competitive advantage.

1) Blockchain to redesign trust

Up until now, two-party internet payment operations have been conducted through an intermediary that verifies the data using a centralized system, which could result in a number of issues. The ultimate control of an organization is now gone thanks to the development of blockchain technology and its decentralized approach, and data is now held in an encrypted and far more secure manner.

Decentralization leads to new forms of commerce, communication, and automation, which has a significant positive impact on the value of digital property.

Gartner predicts that by 2025, the commercial value provided by this technology would increase to more than $176 billion, which is why it has started to be deployed in a variety of sectors rather than being restricted to the financial industry or being more closely tied to cryptocurrencies.

Blockchain is generating new business opportunities, accelerating the transaction verification process, reducing fraud and cyberattacks, and being incredibly effective, dependable, and secure. The need to enhance data tracking, develop new billing systems, host patents, monitor sales processes, protect medical data, etc., will be critical for business operations in the upcoming years.

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2) Digital Twins

Since several years ago, digital twins have positioned themselves as one of the most significant current technical trends, particularly when speaking about the industrial sector. These are not just digital representations of actual things, places, physical systems, or procedures used to produce more accurate goods, save money, or anticipate mistakes. They also open up a wide range of opportunities for evaluating and simulating whether, for instance, the behavior of an industrial facility is appropriate.

Point clouds can be used to digitize physical objects, information can be systematically segmented and tagged, supply chains can be developed and optimized, processes and equipment can be automated using other technologies like artificial intelligence (AI), safety can be increased, quality control can be improved, and predictive maintenance can be improved, among other things.

With the help of this technology, we can alter any digital component we desire until it is optimized and achieves its ideal state in the physical world. It will fundamentally alter how corporate operations are optimized, boost productivity, and significantly reduce costs in a variety of industries, including healthcare, education, aviation, and building and construction.

3) AI and Security

Securing the data transmitted across smart grids will be one of the important themes for 2023, closely related to IoT devices. Companies will prioritize enhancing these gadgets' security capabilities, and artificial intelligence will play a key role in this effort.

With the development of 5G, more gadgets will be able to connect and communications will be faster. AI and machine learning enable decision-making processes to be swiftly automated and enable the creation of patterns from incomplete or altered data, bringing a more proactive approach to security solutions.

The algorithms gain knowledge from reliable threat data, which enables them to identify risks more quickly, achieve a low margin of error, foresee potential threats, and assist cybersecurity professionals in developing stronger policies.

At Plain Concepts, we've completed a project that makes use of reinforcement learning methods to carry out various tests, learn how to attack, test the security systems of our clients, and learn from their own failures so that the systems are much better equipped. We serve as the National Cryptologic Center of Spain's Implementing Entity for guidelines. We play a significant role in putting security incident response plans into action, enhancing national cybersecurity, and creating a more secure and reliable online environment.

4) IoT for a hyperconnected world

We are living in a period when IoT sensors and networks of linked devices are essential for building the metaverse, developing digital twins, enhancing the performance of smart machines, and planning the cities of the future.

In both our personal and professional lives, smart gadgets are becoming more prevalent, but up until now, different platforms or operating systems have caused some communication issues. Therefore, 2023 will be the year that universal standards and protocols are created in order to improve communication.

IoT technology gathers and analyzes the data generated by industrial equipment to offer information on the manufacturing process, enhance productivity, identify new market opportunities and consumer trends, and foster product innovation.

And despite the fact that estimates indicate that by 2023, there will be about 50 million IoT devices in operation, we are still only at the beginning of what is possible. As more data is gathered and analyzed, this will produce a vast network of networked devices that will enhance enterprise security, efficiency, and decision-making.

5) Metaverse

Any discussion of the future of the technology industry now frequently brings up this trend. Economic growth in this environment is predicted to be extremely strong, reaching $800 billion by the middle of this decade and $2.5 trillion by 2030. The metaverse, in its original vision, can offer good potential for businesses in terms of expanded social presence, remote working, payments, healthcare, product trading, etc. Despite the difficulties Meta is facing in forming its plans.

Numerous businesses currently make use of this environment to enhance their goods, provide a new brand image, or establish connections with their customers. One of the biggest ambitions for the industry and for what is referred to as Industry 5.0 is the industrial metaverse. Applications include real-world data capture and digitization, data comprehension and enrichment in virtual settings, and cost-effectively accomplishing sustainable goals.

We are still a long way from seeing this digital world that combines online and offline realities. Nevertheless, it will fundamentally alter how we live, work, and play, and we have already started to witness some of its powers.

6) Quantum Computing

It is also one of the trends that has gained the most traction in recent months and will result in a before-and-after in almost every aspect of our life.

It is a type of computation that makes use of entangled states and other quantum phenomena like superposition. Its uses include monitoring risk and fraud in the financial industry, generating novel vaccinations, and stopping the spread of diseases like the coronavirus.

Due to the fact that quantum computers are far quicker than conventional computers, this trend stands out, and major corporations like Microsoft, AWS, and Google are investing heavily in research and development in this area. In fact, it is anticipated that their global market revenues will surpass $2.5 billion in 2029.

7) Robotic Process Automation (RPA)

RPA automates business activities including translating applications, processing transactions, handling data, or even responding to emails. It is closely related to AI and ML.

Its key benefit is that it automates monotonous work that employees previously performed, freeing them up to concentrate on more imaginative and fruitful duties. Additionally, it lowers the likelihood of error, boosts profitability, cuts down on time spent on labor-intensive operations, and saves expenditures.

As a result, it assists businesses in maximizing their human capital and is particularly helpful in gathering and storing various data in fields like finance, customer service, or human resources.

8) Superapps

It is created when an application, a platform, and a digital ecosystem are all combined into a single application. It would be the modern version of a Swiss army knife, which combines a variety of implements with similar functions that may be added or subtracted based on the requirements of each user.

They both operate on the same platform, which provides a wide range of services and allows for the creation of individualized, interesting, and comprehensive user experiences. In actuality, they make it possible to include desktop and mobile corporate experiences, like messaging, collaboration, and workflow systems.

They will eventually support IoT-driven technology, chatbots, and immersive experiences like the metaverse.

9) Sustainable Technologies

It also showed up on our list of technology trends for 2022, which is understandable given that it has developed into a trend unto itself that includes a number of others.

In recent years, many businesses have made significant organizational changes with a focus on lowering and monitoring CO2 emissions, moving to the cloud, streamlining and automating operations, etc.

A greener and more sustainable future can be built using technologies like artificial intelligence (AI), blockchain, cloud computing, extended reality, or robotics, among many others, without compromising productivity and economic growth.

10) New Energy Solutions

The resolve to develop business models that are more environmentally conscious goes hand in hand with the current energy problem. Combining the two results in novel formulations that can help us lessen our growing reliance on hydrocarbons. Because of this, technology in use can change the scenario.

Predictive maintenance using artificial intelligence can improve the advantages of renewable energies like wind and solar electricity. It is possible to identify anomalies and predict breakdowns in advance, saving a lot of money.

One of the greatest hopes for the energy transition and for lowering the high levels of emissions created by sectors like transportation is green hydrogen. In addition to reviving coastal communities and bringing energy generation near to the points of consumption, floating wind technology makes the most of the wind.

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