Recent years have seen a period of increased global unrest characterized by pandemics, inflation, geopolitical unrest, supply issues, blockades, etc.
Due to this difficult business environment, now is an excellent time to change how we conduct business and a pivotal time to adopt new technological solutions that aid organizations in navigating these challenging times and utilizing them as a competitive advantage. We examine the technological trends that will impact business in 2023 and recommend that you keep up with them.
Technology Trends In 2023
Since several years ago, digital twins have positioned themselves as one of the most significant current technological trends, particularly when speaking about the industrial sector. These are not just digital representations of actual things, places, physical systems, or procedures used to produce more accurate goods, save money, or anticipate mistakes. They also open up a wide range of opportunities for testing and simulating whether, for instance, the behavior of an industrial plant is appropriate.
Point clouds can be used to digitize physical objects, information can be systematically segmented and tagged, supply chains can be developed and optimized, processes and equipment can be automated using other technologies like artificial intelligence (AI), safety can be increased, quality control can be improved, and predictive maintenance can be improved, among other things.
In 2023, providing technology on its own won’t be sufficient. Increasing the energy and efficiency of IT services, enabling enterprise sustainability through technologies like traceability, analytics, emissions management software, and AI, and assisting clients in achieving their own sustainability goals are all part of the sustainable technology framework.
Additionally, by opening up new growth opportunities, investments in sustainable technology may boost operational resilience and financial performance.
Up until now, two-party online payment processes have been conducted through an intermediary who verifies the data using a centralized system, which could result in a number of issues. The ultimate control of an organization is now removed thanks to the development of blockchain technology and its decentralized model, and data is now stored in an encrypted and significantly more secure manner.
Decentralization leads to new forms of business, communication, and automation, which has a significant positive impact on the value of digital property. Because of Gartner’s prediction that this technology will add more than $176 billion in commercial value by 2025, it has moved from being a technology that was only applicable to the financial industry or was more closely related to cryptocurrencies to one that is now being implemented.