New technologies in the next decade will be fascinating, whether it’s Elon Musk’s Starship journey around the moon or the rising trend of Chat GPT. Some emerging technological trends are reshaping the future.
Even the most traditional organisations became digital and transitioned towards a widespread digital transformation as cloud computing was fully capitalised on during the pandemic. The remote working era of 2020 remains popular and will continue to dominate the IT industry, paving the way for innovations and business models.
Yet, what impact have recent technological advances in the last several years had on society? Smart gadgets powered by AI, the rollout of the 5G network, etc., have all contributed to greater corporate efficiency, productivity, and expansion.
This topic will discuss the upcoming technology and the trending tech still dominating businesses worldwide. These cutting-edge emerging technologies and tools have the potential to revolutionise your company by increasing productivity and expanding your profit margins.
So, let us zero in on the top technology trends we may expect to see in 2023 and beyond.
List of trending tech in 2023
These are the essential trends widely adopted by individuals, corporate houses, and startups. Also, note these are all high-paying jobs and open doors of opportunities for professionals in the field and work with the top companies worldwide.
- Artificial intelligence (AI)
Starting with AI, it is one of the most recent technological advances that is dominating the entire world. Companies use AI-generated systems to take over the mundane tasks done by employees, which improves their productivity and helps the business to scale and manage their data security.
Some examples of adaptive AI are chatbots that have revolutionised every industrial sector. Whether it is manufacturing, finance, education, and healthcare, chatbots enhance the customer experience journey, which is vital for businesses to improve performance, retain clients, and maximise their ROI.
- Robotic Process Automation (RPA)
Robotics is still an emerging field. Robots are built to reduce the human task and perform human-like actions. Software engineers manage them. Many industries, like the hospitality industry, are testing robots to take customer orders and deliver them to the table, reducing the repetitive tasks the staff manages.
RPA is a rapidly evolving technology innovation that may automate many jobs soon. For example, robotics will likely take over back office operations like data entry, invoicing, and HR operations like onboarding processes.
- Quantum Computing
There are still a few things that computers cannot solve in today’s day and age. Strange enough, right? That is where quantum computing comes into the picture. It is a fast-developing technology that combines mathematics and physics and provides breakthroughs in some industries, majorly in finance, pharmaceuticals, healthcare, and R&D in chemicals.
According to Statista, quantum computing will see a worldwide growth of $8.6 billion US dollars by 2027.
- Edge Computing
Like cloud computing is a widely adopted technology that has become mainstream by all major tech companies, edge computing is a distributed framework that collects data from IoT devices like smartphones and smart devices and can help companies get data from such local servers. Edge computing also promises to process data from locations with no connectivity.
- 3D Printing
3D printing is a new technology allowing you to print prototypes or models for product company launches. For example, 3D printers greatly benefit the medical and healthcare sectors, which can cost-effectively develop models for innovative products. Professionals with machine learning, AI, and modeling expertise are getting hired to print 3D models in industrial sectors. According to Glassdoor, a machine learning engineer’s salary in India can go up to Rs. 9,55,000 annually.
- Internet of Things (IoT)
Among the other trending tech is IoT, which has gained significant momentum in recent years. Without human involvement, connected gadgets can freely exchange information, gather data, and transmit it across networks. Remote control of lights, fans, and other home appliances is made possible, for instance, by the widespread availability of voice-activated applications for smartphones and other smart home equipment.
- Virtual Reality (VR)
Technology innovations in Virtual and augmented reality allow companies to elevate the user experience. Virtual reality (VR) and augmented reality (AR) home décor applications, for instance, let users try out different bathroom fixtures and wallpapers or wall colours before making a final decision.
This emerging technology in various industries, like entertainment, games, etc., enhances the user’s existing experience and provides an immersive experience.
- Sustainable Tech
The future of technology is to go green and use the available resources smartly. So, companies are adopting green technologies like solar power and electric transportation to reduce their carbon footprint.
Consumers and companies are well aware of technology’s impact on the environment; hence, more sustainable-driven technologies will trend in the future. So, sustainability is an upcoming technology.
It still needs to be widely accepted; blockchain technology is an emerging technology used by the finance and banking industries. This highly secure way of storing, verifying, and preserving data can transform many facets of the business. Blockchain is considered transparent, safe, and reliable, making it an attractive option.
Data is the most crucial part of any business, leading to strategically making decisions based on data analysis. Data analysts and specialists collect data from all sources and turn that data into valuable insights for business decisions. Data analysis will continue to be a trending tech in 2023.
These are the top 10 new technologies currently that are trending and adopted by businesses around the globe. You can also unlock your earning potential by enrolling in some industry-specific certification courses. Upcoming technology like quantum computing and edge computing are still developing, but the scope is immense. Bootcamps and courses in emerging technologies will allow you to upskill your knowledge, tools, and techniques and make the most of it in the ever-evolving job market.