With the rapid pace of technological advancement, it is challenging to create a list of technology trends for 2023. This is due to the continuous emergence of groundbreaking innovations that have the potential to change our lives. For example, Ameca, a humanoid robot, made a significant impact in 2022 due to its ability to move smoothly and display facial expressions, making it perfect for customer interactions.
To provide insight into how technology pioneers will shape our future, this guide presents a comprehensive forecast of the maturing technological trends that will come to fruition in 2023, ranging from hyper-automated workforces to the introduction of the metaverse.
Top 10 Tech Trends 2023
1. Use of Low-Code or No-Code AI
No-code AI is expected to become the norm in 2023 as it sheds its technical terminology and adopts intuitive drag-and-drop interfaces. This will enable individuals without any coding background to utilize AI operations and solutions. Similar to how computers are now used without needing to comprehend the underlying programming of operating systems, AI-based intelligence will become more accessible to laypeople. This will lead to the creation of smarter products and allow more industries to leverage AI’s power. No-code AI is already making headway in various fields, such as retail and website development, with its user-friendly interfaces.
2. Marketing in the Metaverse
According to a Bloomberg analysis conducted in 2021, the metaverse market is expected to grow to an astounding $800 billion by 2024. The metaverse is a 3D virtual simulation that allows people to interact with each other through various platforms.
As we enter the era of Internet 3.0, advertisers will realize the endless marketing potential of this immersive experience, making it a prime location for brand awareness and engagement. Companies like Nikeland are already leveraging the metaverse by using AI and Virtual Reality (VR) to track consumption patterns and offer unique experiences in their virtual stores. Other brands are also exploring the metaverse by linking their physical stores to the virtual world through QR codes, thus expanding user experience.
3. Curated Interactions like ChatGPT
One of the most buzzworthy trends in the tech industry is ChatGPT, which is causing a stir in the world of automated chatbots with its seamless GPT3 technology. GPT3 is an autoregressive language model that gives AI human-like capabilities to understand and produce texts. ChatGPT also has the ability to generate images from text prompts, solve mathematical equations, and perform various writing tasks, including writing poetry and creating clever video titles.
OpenAI, the creator of ChatGPT, asserts that the algorithm is trained to answer follow-up questions, recognize and learn from its mistakes based on feedback, and challenge incorrect assumptions. The potential of ChatGPT’s technology is immense and is expected to transform the landscape of chatbots and AI in the near future.
4. The Rise of Edge and Quantum Computing
According to a ReportLinker article published in 2022, the edge computing market is expected to experience significant growth, estimated at 21.6%, between 2021 and 2028. Edge computing is a programming paradigm that involves capturing, storing, and processing data at the data source instead of in a centralized server environment. This decentralized process brings insights closer to the point of interaction, enabling real-time analysis of raw data. Edge computing is already being used in various applications, such as smartwatches and traffic flow monitoring systems. However, in 2023, the tech industry may witness the radical implementation of edge computing in the data analytics industry.
5. Digital Twins to Bridge the Gap Between the Digital and Physical Worlds
Hyper-automation has sparked a range of tech trends for 2023, including the rise of digital twins – virtual representations of real-world entities. The proliferation of data points has created a demand among data scientists to virtually monitor changes in real-life events and processes by providing machines with a wealth of information.
Cloud providers have already launched significant digital twin infrastructures, such as Microsoft’s digital twin on-ramp and Google’s Digital Supply Chain, to optimize logistics and manufacturing. A 2022 Grand View Research report predicts a significant compound annual growth rate of 37.5% from 2023 to 2030, highlighting the increasing importance of digital twins in the daily operations of industries.