In recent years, we have experienced a global restructuring marked by pandemics, inflation, geopolitical changes, etc. Facing an undoubtedly challenging scenario has also resulted in a transformation in the way we do business and work. This has resulted in a much more fruitful scenario for new technological solutions adoption. This last factor means a paradigm shift and opens new possibilities to deal with difficult times building resilient and smarter companies.
The technological trends that will have to be followed for this 2023, are the result of years of accelerated development, in some of them we will see success stories and opportunities to apply them in our business model and other cases are in an initial phase, we will see its applications in the coming years.
It is important at the same time to contrast the technological opportunity with other factors, such as the socioeconomic, cultural, and geopolitical context. Let’s consider that these macro trends mark a joint rhythm of all business systems. In 2023 the consequences of inflation will be noted, possibly leading to a global recession. We will follow the evolution of the energy crisis and the impact of Ukraine’s conflict. As companies, these are events that we will have to deal with and be prepared to respond to the possible impacts that they inflict. We will need, above all, adaptability, and flexibility, to face the changing environment in which we find ourselves.
4 Technology Trends for 2023
Of the 4 technological trends that I have chosen for this 2023, we have already seen progress and have access to some business tools. However, they are trends will manifest more patently this year, making their way into the market.
It refers to further transforming our lives by accompanying devices powered by data. This datafication will continue to modify our tasks, of our personal and work lives, in data-based technology. With our smartphones, industrial machinery, and office work tools; we will see even more influence of AI. Once again, the value of data for companies is confirmed, as well as its management and storage safety.
This trend opens the door for capable IT professionals, data scientists, engineers, technicians, and technology specialists.
- Industrial Metaverse
During 2022 the Metaverse was a recurring theme in conversations related to the technological moment. This sector awaits enormous economic prospects and large companies are betting on their versions and applications for different sectors. Regardless of the problems Marc Zuckerberg’s Meta is currently facing, the original concept still has potential and opportunities in the offing. We can already see business success stories where this environment is used to improve brand experiences, products to connect with the public. Now we will see more of an industrial metaverse, which can offer great advantages by becoming Industry 5.0.
The applications of the Industrial Metaverse can be numerous, for the understanding and enrichment of data in virtual environments, the creation of more sustainable processes and cost optimization. There is still time to see a fully integrated virtual and physical reality, during this year we will see much more about its capabilities.
This trend refers to the combination between an application, a platform, and a digital ecosystem, all integrated into a single application. This is the technological equivalent of a Swiss army knife: tools that are in one place, share the same purpose and can be selected based on the user’s needs.
Personalization ceases to be a trend to become a goal pursued by many of the technologies currently developing. Superapps will be capable of generating personalized, engaging, and powerful experiences on a single platform. Unifying responsive experiences on mobile and desktop, as well as integrating workflows, collaboration, and messaging. Over time we will see progress including other technologies such as the metaverse, chatbots and IoT-driven technologies.
- Deep Tech
The development of deep tech refers to solutions based on scientific research and technological advances, such as deep learning (a branch of AI) and practical applications to respond to relevant social problems. This branch is a very attractive option for venture capital investment. We can see its applications in the field of medicine, both to reformulate forms of medical care and to support research towards discoveries in this field.
- Draper Cygnus is a deep tech fund dedicated to bringing about positive global transformation. https://drapercygnus.vc/thesis/
Technologies that will progress in 2023. Which technologies to keep track of?
Throughout this year we will continue to observe a global race for the development of much more disruptive technologies that seek to see the light for applicability in the processes and systems that we know.
Quantum computing is one of the technologies that will advance throughout the year. The search for the use of subatomic particles to process and store information, without a doubt, is the technological leap to trigger a processing potential a trillion times faster. Big companies like Microsoft, AWS and Google are putting a lot of effort into innovating in this field. Its global market revenue is expected to exceed $2.5 billion by 2029.
We will see progress in areas of GreenTech, seeking to curb carbon emissions and address the climate crisis. Developments around green hydrogen, as well as decentralized electricity networks, will allow a leap towards clean and democratic energy.
In logistics, we will continue to see progress towards autonomy. Autonomous systems will continue to generate success stories in logistics and delivery. We will see more robotics in delivery, warehouses, and factories.
- Ocado uses thousands of autonomous robots in its highly automated warehouses to sort, lift and move groceries. The warehouse also uses AI to put the most popular items within reach of the robots. The company is now rolling out the autonomous technology behind its successful stores to other grocery retailers.
In 2023, we will be participants in a year of technological effervescence. Many other technologies will continue their development process and new applications in key sectors such as foodtech, cleantech, Fintech, and will continue to present innovative solutions towards an evolution of all sectors and areas of our lives.
What is clear is that we are in a time of infinite possibilities to explore, with potentials that have not even crossed our minds yet. Fasten your seatbelts we are going to take off…