INDIA: As 2022’s roller-coaster ride has come to an end, the race to embrace the best technology is at its peak. The next wave of inventors and innovators is already working to make tech more advanced by 2023 so that it can solve the tough challenges that dominate our daily lives.
In addition, retailers are accelerating technology to help rethink business, enhance consumer experiences, and make the world a better place to live.
Technology, a key enabler, helps the world evolve, develop quickly, and determine the future. As technology never stops evolving, compared to earlier times, we now have greater access to data from wearables, medical devices, environmental sensors, video recording, and other linked gadgets.
We will witness a torrent of innovation in 2023 as access to cutting-edge technology becomes even more pervasive and every aspect of existence transforms into data that can be analysed. When blended with cloud technologies like machine learning, computer vision, and simulation, we are starting to get a peek at where the potent fusion of knowledge and application may take us.
The following technology predictions are made for 2023:
Cloud Technologies
It should be no surprise that industry cloud platforms are recognised as a key component of Gartner’s Top Strategic Technology Trends for 2023. In fact, Gartner predicts that global public cloud spending will increase by 20.7% to $591.8 billion in 2023 from $490.3 billion in 2022.
After all, cloud computing has dramatically changed the way we live today, enabling both businesses and consumers to access technologies that would otherwise be too difficult or expensive for them to use or administer themselves.
In particular, Gartner defines industry cloud platforms as being made to specifically address the demands of vertical industry segments that are not properly addressed by more general solutions.
These platforms integrate platform, software, and infrastructure as a service (IaaS) features to give market participants a more flexible approach to managing workloads and speed change in response to the specific business, data, regulatory, or other needs of their segment.
Gartner forecasts that by 2027, over 50% of businesses will use industrial cloud platforms to speed up their business activities, and by 2025, businesses will spend more on public cloud services than on traditional IT solutions.
Additionally, Forrester’s Infrastructure Cloud Survey, 2022, shows that cloud decision-makers have adopted Kubernetes for containerized applications (K8s).
Artificial Intelligence
The progression of artificial intelligence (AI) adoption from a new, nice-to-have fad to play with to a legitimate, must-do priority for businesses has been underlined by Forrester. The writing is on the wall: AI isn’t just here to stay; it’s here to transform almost every aspect of our personal and professional lives. This includes self-driving cars and intelligent assistants.
In Forrester’s 2022 Data and Analytics Survey, it is said that 73% of data and analytics decision-makers are developing AI technologies, and 74% believe that employing AI will benefit their organisations.
In addition, Forrester forecasts that in 2023, 10% of Fortune 500 companies will produce content using AI tools, 10% of all code and tests will be written by AI, one in four tech executives will report on AI governance to their board, and AI in retail healthcare will shorten the time it takes to provide care by 25%.
Furthermore, according to ID, C, governments and companies will spend more than $500 billion globally on AI technology by 2023, and by 2025, AI will support nearly 90% of the most sophisticated enterprise applications in terms of both processes and output.
Cyber Security and digital trust
41% of firms, as per Gartner’s research, suffered a security or privacy incident involving AI. However, the same poll discovered that businesses with active risk, privacy, and security management strategies had better AI project outcomes.
Similarly, PWC’s 2023 Global Digital Trust Insights survey found that less than 40% of Canadian respondents claim to have fully mitigated the risks associated with their audacious decisions made since 2020, including enabling hybrid and remote work, accelerating cloud adoption, and increasing use of Internet-of-Things technologies.
Additionally, approximately half (46%) of Canadian firm respondents said they might occasionally use customer data without an explicit agreement, and 49% acknowledged they might not always thoroughly check out all of the partners and third parties with whom they share consumer data.
The CISO should be given more authority to work with the C-suite on security in the coming year, according to 46% of CEOs worldwide.
In 2023 and beyond, businesses must ensure that their models are dependable, trustworthy, secure, and data-protected. Customers must trust businesses to safeguard their information while still providing individualised, practical, and data-driven service.
Simulation
These technologies have been steadily improving for years, despite their influence on daily life being relatively minimal. By 2023, the cloud will make these technologies more widely available, creating a new class of use cases that are not bound by physical constraints.
Simulations are employed to improve race cars, forecast weather, and simulate the stock market. The complexity of creating and executing simulations is a barrier for use cases that are more common, despite the importance of the problems that they can solve. The necessity for powerful equipment and a specialised crew places restrictions on businesses.
In 2023, these technological fields will begin to merge. In order to make sure that spatial computing technologies have the required impact, simulation is becoming more and more important as digital technologies are integrated into our physical world.
This will cause previously unconnected technology to be simultaneously adopted by both enterprises and consumers, beginning a positive feedback cycle. This new era will be driven by the cloud because of its tremendous volume and accessibility.
Automation
More than ever, it’s critical to change the way we think about digital automation—from seeing it as a replacement for human-driven interactions to seeing it as a way to combine platforms and people.
Businesses in almost every industry can benefit from tech-driven automation, allowing them to work more efficiently. This is crucial as employers try to deal with post-pandemic staffing shortages.
In historically “high touch” and hands-on industries like hospitality, digital automation fosters scalability while providing an efficient, hybrid customer service strategy. Staff employees can be more involved and connected when in-person interactions are necessary. A digital ecosystem can champion arduous and repetitive jobs while they are being done in the background.
According to IDC, cloud-based control solutions that enable broad automation and promise considerable reductions in ongoing operational expenses would be required for 60% of infrastructure, security, data, and network products by 2025.
As per new findings from Futurum Research and Automation Anywhere, 94% of firms believe that reassigning workers to higher-value tasks is a top priority, and 61% of organisations are using automation to address staffing issues.
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