Top 6 Tech Trends for 2023

Jaw-dropping technology is on the horizon for 2023, and it has the potential to completely shift the way we navigate online. From AI to smart locking systems, a plethora of new information that will start to see itself heavily integrated within schools, homes and the workplace. We expect that developments in artificial intelligence will continue to be a larger talking point for 2023, with more possibilities becoming apparent for well-known entities with pre-existing products.

But AI isn’t the only development that has piqued our interests. New revelations have been made in the realms of quantum computing and secure data. As these technologies strengthen, it could have a major impact on cybersecurity, potentially ensuring seamless interactions online that protect your data.

Likewise, as the workplace becomes more digitised and flexible, remote and mobile connections should see some significant improvements. Below, we investigate the top 6 tech trends expected in 2023.

What Top Tech Trends are We Expecting in 2023?

1. Blockchain

Online purchases or transactions are often requested to be authorized by online banks. To accept the sale or handover of money, authentication processes take place. Despite giving customers a little extra security when logging in online, it can make them greater targets for fraudsters. In early 2021, cases of internet banking fraud were up by 97% in part due to weaknesses in banking websites, access of information and authentication processes. For hackers, some of this data is very easy to obtain.

Mostly known for protecting cryptocurrency, a blockchain can maintain decentralized transaction records for online purchases.

A blockchain is a database that shares information between electronic devices on a computer network. When digital information is distributed, it prohibits the data from being edited, which could block access from cybercriminals and potentially reduce cybercrime. Essentially, any records could not be fabricated, deleted or destroyed.

Fashion brands and the online gaming industry may be some of the first to reap the benefits of blockchain, especially where purchases on the metaverse take place. For example, brands like Gucci and Burberry are already creating digital clothing that can be purchased and worn in the metaverse. Such items hold no “real world” value, but some people value their digital appearance as much as they do their physical.

2. SaaS Powered by AI

Software as a Service (SaaS) delivers applications over the internet and has offered many opportunities online for companies to stay connected. Its cost-effective nature and accessibility have always been some of its winning qualities in the workplace. With minimal operation management required to use this software, it has been a seamless transition for many businesses.

Rapid digitalisation as a by-product of the pandemic spurred on many small and medium-sized businesses to adopt SaaS somewhere within their teams, especially when most businesses turned to working remotely. Analytics insight, document sharing and communication services have all been heavily utilized since they became available.

With analytics becoming increasingly critical for businesses, 2023 will see Google adopting AI and machine learning software in some capacity. SaaS that offers AI insights will heavily impact decision-making among businesses. PaaS (Platform as a Service) will completely remove the hassle of managing multiple extensions that are separately paid for by ensuring every tool is available in one place. This should also enable best practice cloud security.

3. Quantum Computing

Utilizing the laws of quantum mechanics, quantum computing will solve problems that the average computer finds too complex. Its capabilities won’t end there either. Quantum computing is devising secure ways to share data and information online that will be impossible to hack into. This could be revolutionary when storing data and confidential information. Quantum cloud services will also become available, which will deliver encrypted data and facilitate access to quantum-powered computers through the internet.

Major benefits will be reaped for businesses too. Creating personalized pathways for customers will no longer rely on people to manually develop them. Instead, processes will be evaluated, adjusted and formulated via quantum computing; this information will then be passed along and stored. The customer journey will massively improve, and greater trust will be built from the customer base. Every inch of data will be protected and encrypted for security.

As well as revolutionizing sales platforms, this will also have an unparalleled impression on other industries, like pharmaceutical drugs research and finance. Quantum computing will review and evaluate numerous possibilities, and thus locate viable solutions to increasingly complex problems. Various software and programs will also significantly improve as greater access is provided to a quantum computer network. Software development will experience two exceptional changes in that issues will be resolved considerably more quickly, and enhanced algorithm usage will ensure products are served successfully to customer bases.

This style of computing is still in its infancy, but it alludes to the sheer technological capacity that will be available in the not-too-distant future. It will enable companies to prepare their businesses in the background while the software continues to be developed. Quantum cloud providers will also grant access to data stored on quantum computers in a bid to support upskilling. Once the facility and access for quantum computing takes heed, there will become an increasingly high demand for personnel who can use it.

4. Internet of Things

Internet of Things (IoT) is a network of connected devices that shares data about how they’re used and the circumstances they’re used in. Built with sensors, these devices broadcast their operational status, which are stored and processed on the IoT.

Data is emitted from devices and forwarded onto the IoT platform where it integrates and collects feedback. Analytics can then be extracted from the data to review performance, usage and other measures. To improve efficiency or report technological issues, any data is then shared with other devices that might be affected on the IoT.

Devices with sensors can share their health with IoT which can urge companies to contact their customers when an issue starts. Smart devices within the home, such as watches, refrigerators and mobile devices also communicate in this way. Essentially, through connectivity means, smart appliances can learn preferred settings and optimize device performance.

5. Cloud and Quantum Cloud Technology

Cloud technology has been vital to transformational technology trends, and it will continue to be pivotal as AI, the Internet of Things and remote working evolves. The future of cloud technology will accompany the development of the metaverse, alongside quantum computing, and will most likely act as the pillar for any new technology that comes into existence.

Cloud computing reduces the need for physical devices, such as hard drives, by creating storage space for files, applications and software on the internet. As companies look to move forward, cloud services will continue to be utilized as innovative ideas are brought into the public space.

Increased investment in cloud computing will also align with improved security. It’s possible that potential cybersecurity threats will emerge when new opportunities are presented. Predictive technologies will be used to identify cyber threats, which will open opportunities for security providers.

The evolution of cloud computing will also see enhanced service delivery, especially when it is paired with quantum computers. Quantum cloud technology will deliver quicker resolutions to potentially damaging software issues, allowing users to experience minimal disruptions while the situation is fixed. This cloud technology will provide ample opportunity for upskilling prior to the release of the quantum computer.

6. Artificial Intelligence

It is inevitable that Artificial Intelligence (AI) will inhabit more digital space in 2023. Its evolution has already started to impact human behavior, and many businesses are considering how AI can boost engagement and the overall sales process. More human-like interactions could be introduced via machine learning technology to mimic human conversation. These are currently being experimented with on AI chat bots, such as ChatGPT, and may start to be utilized as part of the customer journey if successful.

As well as reducing manual work, AI allows B2B companies to enhance, personalize and optimize various areas within the customer journey. Robotic Process Automation (RPA) is widely used to automate supply chain processes such as maintenance, service support and data entry. Website optimization and personalized B2B marketing campaigns are also by-products of what AI can achieve.

The popularity of AI will encourage more service providers to produce technology and software that offers more AI-aided solutions. While the realm of artificial intelligence continues to be explored, there will be a greater emphasis on ethical AI and risk management. Companies such as Holistics AI provides software that deploys AI in an ethical manner.

Sensors can share their health with IoT which can urge companies to contact their customers when an issue starts. Smart devices within the home, such as watches, refrigerators and mobile devices also communicate in this way. Essentially, through connectivity means, smart appliances can learn preferred settings and optimize device performance.