Top 10 Tech Trends In 2023

The Top 10 Tech Trends In 2023 Everyone Must Be Ready For

Excerpts from Bernard Marr Forbes Article November 21, 2022

Emerging tech trends shaping our digital world in the coming year. What technologies are gaining the most traction? What are the most important trends that business leaders should be prepared for?

1. AI Everywhere

• Artificial intelligence will become real in organizations. No-code AI, with its easy drag-and-drop interfaces, will enable any business to leverage its power to create more intelligent products and services.

• Stitch Fix uses AI-enabled algorithms to recommend clothes to its customers.

• Contactless, autonomous shopping, and delivery will be a huge trend.

• AI will also augment nearly every job in every business process across industries.

• Retailers will use AI to manage and automate complex inventory management.

2. Parts of the Metaverse Will Become Real

• The term “metaverse,” is shorthand for a more immersive internet [able to work, play, and socialize on a persistent platform].

• Metaverse could add $5 trillion to the global economy by 2030.

• Augmented and virtual reality technology will advance having more immersive meeting environments, brainstorming, and co-creating together.

• Microsoft and Nvidia are developing metaverse platforms for collaborating on digital projects.

• Advanced avatar technology. An avatar could look exactly like we do, adopting our unique body language and gestures.

• Accenture has already created a metaverse environment. This virtual world features replicas of real-world Accenture offices, so employees can carry out HR-related tasks without needing to be present in a physical office.

3. Progress in Web3

• Blockchain technology will advance significantly as companies create more decentralized products and services.

• Example: everything is stored in the cloud — but if we decentralize data storage and encrypt that data using blockchain, our information will not only be safer, but we’ll have innovative ways to access and analyze it.

• Non-fungible tokens (NFTs) will become more usable and practical.

4. Bridging the Digital and Physical World

• The emerging bridge between the digital and physical worlds will continue [digital twin technology and 3D printing].

• Digital twins are virtual simulations of real-world processes, operations, or products and can be used to test new ideas in digital environments from factories, machinery, cars and precision healthcare.

• From virtual testing, engineers can edit details, then create them using 3D printing technology.

5. Increasingly Editable Nature

• Currently, we can change materials, plants, and even humans by editing them.

• Nanotechnology will enable us to create materials with completely new features, such as water resistance and self-healing capabilities.

• CRISPR-Cas9 has been around, but we’ll see gene editing technology accelerate to give us the increasing capability to “edit nature” by altering DNA.

• Gene editing can correct DNA mutations, solve the problem of food allergies, increase the health of crops, or even edit human characteristics like eye and hair color.

6. Quantum Progress

• Currently, there is a worldwide race to develop quantum computing at scale.

• Quantum computing is expected to bring us computers capable of operating a trillion times more quickly than the fastest traditional processors today.

• The potential danger of quantum computing is that it could render our current encryption practices useless. Any nation that develops quantum computing at scale could break the encryption of other nations, businesses, security systems, and more. This is a trend to watch carefully in 2023 as countries like the US, UK, China, and Russia pour money into developing quantum computing technology.

7. Progress in Green Technology

• One of the biggest challenges the world is facing right now is putting the brakes on our carbon emissions so we can tackle the climate crisis.

• Look for continued progress around green hydrogen, a new clean-burning source of energy that produces close to zero greenhouse gas emissions.

• Shell and RWE, two major European energy companies, are creating the first major green pipeline from wind plants in the North Sea.

• Will see progress in the development of decentralized power grids.

•   Decentralized energy initiatives have the potential to democratize power worldwide while decreasing carbon emissions.

8. Robots Will Become More Human

• Robots will become even more like humans — in appearance and capability.

• These types of robots will be used in the real world as event greeters, bartenders, concierges, and companions for older adults.

9. Progress in Autonomous System

• Business leaders will continue making progress in creating autonomous systems, particularly around delivery and logistics.

• We will see more self-driving trucks, ships, and delivery robots. and even more warehouses and factories implementing autonomous technology.

10. More Sustainable Technology

• There will be a continued push toward more sustainable technology.

• Many (if not most) of us are addicted to technology like our smartphones, tablets, and computers — but where are the components coming from to manufacture our favorite gadgets?  People will be thinking more about where rare earth components for things like computer chips originate and how we're consuming them.

• We’re also using cloud services like Netflix and Spotify, which still run in huge data centers that consume vast amounts of energy.

• We will see a continued push toward making supply chains more transparent, as consumers demand that the products and services, they invest in are energy efficient and backed by more sustainable technology.