IAnkita M. Katariya | 23rd December, 202210 Min Read
My duty as a futurist is to gaze into the future and pinpoint the most significant economic and technological trends. However, many of these won't be important until many years from now. I also provide a view into the more immediate future for more practical guidance and to aid business executives in setting priorities.
I also provide a view into the more immediate future for more practical guidance and to assist business executives in setting priorities.
Every year, I forecast the major technological developments for the following 12 months and list those that companies need to address immediately in order to stay competitive.
Let's now look at my list of the most important IT trends for which everyone should be prepared.
1. Internet of the Future (Metaverse)
The phrase "metaverse" is now best characterized as "a more immersive digital universe," in my opinion.
Nobody truly knows what immersive online environments and next-generation user experiences will look like in five years, which may seem a little woozy. In contrast to Mark Zuckerberg, who predicts it will concentrate on virtual and augmented reality (VR/AR), web3 platform developers such as those behind Decentraland and The Sandbox predict it will also focus on decentralization and blockchain technology. The concepts are not incompatible, and there is no reason why the internet of the future won't be decentralized, focused on immersion, and filled with 3D content. But it's understandable that some individuals in 2022 became perplexed given the conflicting definitions of the term "metaverse" that were being floated at the time.
Microsoft and Nvidia are actually already working on metaverse platforms for teaming up on digital projects.
In the coming year, avatar technology will also progress. If motion capture technology is used, our avatars will even be able to mimic our own body language and movements. An avatar is a presence we portray when we interact with other users in the metaverse.
Further advancements in autonomous AI-enabled avatars that can represent us in the metaverse even when we aren't signed in to the virtual world may also be on the horizon.
To perform training and onboarding, businesses are already using metaverse technology like AR and VR, and this trend will pick up steam in 2023. The Nth Floor is a metaverse setting that has previously been developed by consulting firm Accenture. In order to enable potential hires and current workers to do HR-related duties without physically being present in an office, this virtual world includes copies of actual Accenture offices.
2. More human-like robots are coming.
Robots will resemble humans even more in 2023, both in terms of appearance and functionality. These robots will serve as event greeters, bartenders, concierges, and senior citizens' companions in the real world. As they collaborate with people in manufacturing and logistics, they will also carry out complicated duties in factories and warehouses.
A business is making great efforts to develop a robot that can perform human-like tasks in our homes. Elon Musk demonstrated two Optimus humanoid robot prototypes at Tesla AI Day in September 2022 and declared that the company would be ready to accept orders in the following three to five years. The robot is capable of carrying out basic duties like watering plants and lifting objects, so perhaps we'll soon be able to have "robot butlers" to help around the house.
3. Everywhere is AI
Artificial intelligence will start to exist in businesses in 2023. Any firm will be able to take advantage of no-code AI's capacity to develop more intelligent products and services thanks to the technology's simple drag-and-drop interfaces.
This trend is already apparent in the retail sector. Customer-specific clothing recommendations are made by Stitch Fix using AI-enabled algorithms.
In 2023, contactless, autonomous shopping and delivery will be increasingly popular. AI will simplify the purchasing and delivery of goods and services for consumers.
The augmentation of workers will be a major area of AI activity in 2023. Even if some human jobs will inevitably become obsolete due to AI, new ones will appear to take their place. Employers who are responsible and proactive will increasingly consider how to manage this shift by empowering their workforce to make the most of the new tools at their disposal.
Synthetic content is a fascinating area to follow. In order to create brand-new, unheard-of sights, sounds, or information, entails using AI's creative potential. like a person would when they compose music or paint a picture. Computers can comprehend and mimic human language communications thanks to natural language processing algorithms. This implies that I may have my avatar respond to a query or give a speech in my own voice without ever having said the words. The famed Tom Cruise bots and this year's Metaphysic act on America's Got Talent were both powered by the same technology. The application of this generative type of AI in business and entertainment is predicted to increase in 2023.
4. Growth in Web3
As businesses develop more decentralized goods and services in 2023, Web3 Blockchain technology will likewise make great strides.
We currently store everything in the cloud, for instance, but if we decentralize data storage and encrypt that data using blockchain, our information will not only be safer but also have novel access and analysis methods.
In the coming year, non-fungible tokens (NFTs) will be easier to use and more useful. For instance, NFT concert tickets may allow you access to backstage activities and artifacts. NFTs might represent the contracts we enter into with third parties or they could be the keys we use to interact with many of the digital goods and services we purchase.
5. Nature's Growing Editability
In the future, we will be able to alter materials, plants, and even people to change their characteristics. We will be able to develop materials with brand-new properties like water resistance and self-healing powers thanks to nanotechnology.
Although CRISPR-Cas9 has been around for a while, gene editing technology will advance in 2023, giving humans more power to "edit nature" by changing DNA.
Gene editing is similar to word processing in that you can add and remove words, but you can do it with genes. Gene editing can be used to fix DNA mutations, eliminate food allergies, improve the health of crops, or even alter human traits like the color of one's eyes and hair color.
6. Development of Green Technologies
Stopping carbon emissions so we can address the global warming catastrophe is one of the largest challenges the world is now facing.
Green hydrogen, a novel clean-burning energy source with almost no greenhouse gas emissions, will continue to advance in 2023. The first significant green pipeline is being built from wind farms in the North Sea by Shell and RWE, two significant European energy firms.
The creation of autonomous power systems will also advance. Using this technique, distributed energy generation creates a network of small power producers and storage that are placed in communities or individual homes, allowing them to function even when the main grid is down. Currently, large gas and energy corporations control a majority of the global energy market, but decentralized energy programs have the potential to democratize power while lowering carbon emissions.
7. Additional Sustainable Technology
In 2023, we'll finally witness a drive toward greener technologies. We are all addicted to technology, such as our smartphones, tablets, and computers, but where do the parts come from that are used to make these devices? People will be more interested in where the rare earth materials used in products like computer chips come from and how we use them.
Additionally, we use cloud services like Netflix and Spotify, which continue to operate in sizable data centers that use a lot of electricity.
As consumers expect energy-efficient goods and services that are supported by more sustainable technologies, we'll continue to see efforts to make supply chains more transparent in 2023.
8. Linking the Physical and Digital Worlds
The gap between the digital and real worlds is already starting to blur, and in 2023 this trend will only grow. This union consists of two parts: 3D printing and digital twin technologies.
Digital twins are virtual models of actual operations, goods, or processes that can be used to test novel concepts in a secure online setting. To test under every scenario without incurring the enormous expenses of real-world research, designers and engineers are adopting digital twins to replicate physical things in virtual environments. We'll see even more digital twins in 2023, in everything from precise healthcare to machinery, autos, and factories.
Engineers can make adjustments and alter components after testing them in the virtual environment before employing 3D printing technology to produce them in the real world.
For instance, Formula 1 teams now gather information about racetrack temperatures and weather conditions, as well as data from sensors that are delivered during races to see how the cars change. Then, they run scenarios to make design modifications instantly using digital twins of the engines and other automotive parts to which the data from the sensors is streamed. Based on the findings of their testing, the teams then 3D printed car parts.
9. Quantum Advancement
Global competition is currently underway to create quantum computing at scale.
We may expect computers to operate a trillion times faster than the fastest regular processors now on the market because of quantum computing, which employs subatomic particles to generate new methods of processing and storing information.
Any country that develops quantum computing at scale has the potential to render our existing encryption methods worthless, making it possible for them to decrypt the encryption used by other countries, enterprises, security systems, and other entities. As nations like the US, UK, China, and Russia invest heavily in the development of quantum computing technology, this is a development to keep an eye on in 2023.
10. Development of the Autonomous System
Business leaders will keep developing autonomous systems, notably in the delivery and logistics sectors. Many warehouses and factories have already attained partial or complete autonomy.
By 2023, there will be even more autonomous cars, ships, and delivery robots on the road, as well as even more automated factories and warehouses.
To sort, lift, and move items in its highly automated warehouses, Ocado, a British online supermarket that bills itself as "the world's largest dedicated online food retailer," employs thousands of autonomous robots. The warehouse also makes use of AI to position the most well-liked commodities close to the robots. The Ocado startup is now distributing to other grocery merchants the autonomous technology that powers their successful facilities.
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