As 2023 is next month, technology experts have been predicting what technology trends will dominate in the upcoming year. The pandemic opened the eyes of the business world, highlighting the inflexibility that comes with not embracing a digital world. Since 2019, there has been a surge in investments in industry 4.0 technologies, whereby manufacturers, warehouse managers and other industries are grappling to adopt smart digital solutions in their operations. The long-term benefits they offer, especially in reducing the environmental impact of their organisation and the safety provided for their employees, are a few core factors that should not be ignored. Transitioning and adapting to a digital world helps automate mundane processes, maximising labour utility and utilising an organisation’s workforce for important tasks. Most importantly, advanced technologies offer big data analytical capabilities whereby businesses can retrieve hidden insights and monitor their progress accurately. However, these advantages can only be unlocked by those that have started the digitalisation process.
According to Garner, although 87 per cent of senior business leaders say digitalisation is a priority, only 40 per cent of organisations have brought digital initiatives to scale. One reason for this is the lack of understanding of the digital tools available in the market. This article will explain a few of the critical technology trends that are predicted to dominate in 2023.
Four Technology Trends To Look Forward to in 2023
In the foreseeable future, new innovations may come into being. Existing technologies, for instance, can be upgraded to far more secure versions that finally influence the business community to integrate them. Out of the many technologies set to play an essential role next year, here are four leading technology trends that are predicted to hold a significant place in businesses in the next twelve months.
Digital Twin and 3D Printing
Simulation technology, digital twin and 3D printing are interconnected. While these names have been popular in the business industry for a while now, 2023 is the year when these technologies become more accessible. Hence, expect more opportunities to bridge the physical world with the digital. Especially since sustainability is now at the forefront, digital twins offer opportunities to adopt eco-friendly practices that help save energy and eliminate waste. The automotive industry is predicted to use it to make faster and better race cars, far more efficient roading assets that will survive for longer lifecycles and help control disasters. 3D printing, moreover, is predicted to become more accessible with the introduction of spatial computing, which allows designs to be made or captured through a person’s phone. The world may evolve from static 2D images to 3D models, popularly seen in action movies. Viewing an image in 3D in your living room, picking it up, and rotating it will soon become a reality.
AR/VR in the form of Metaverse
Mark Zuckerberg believes that the future internet experience will be more immersive with the help of AR/VR technology. He tested this theory in 2021 when he officially launched the metaverse, and since then, various sectors, including fashion, entertainment, banking and others, have embraced this new digital space. This offers SME businesses the opportunity to test out and gain knowledge on new technologies in the market. The new year is set to influence more SMEs to feature their products and services using an online platform that offers an immersive consumer experience. This will especially be exciting for retailers selling headphones, smart glasses and fully-body haptic suits. It is also predicted to be accessible on any device instead of being restricted to a mobile phone.
AI TRiSM
As a factory sets out to digitalise its operations, a mandatory technology that must be incorporated first is artificial intelligence. One reason why certain companies have been reluctant to do so is the lack of trust they have for such technologies. In fact, according to Gartner, only around 50 per cent of AI models ever hit production. AI TRiSM refers to increasing AI’s trust, risk and security management. In other words, AI TRiSM’s central goal is to ensure AI is more trustworthy within society. In this regard, modelops, a feature that would help companies understand how a computer came to a specific conclusion or finding, will be incorporated. Modelops is a term that Garner introduced, which focuses on improving various kinds of operationalised AI and decision models for faster production. Infusing other advanced techniques like adversarial AI, which will generate one model to train another and introduce a set of ethics and guidelines, will be other ways companies will be encouraged to adopt AI into their operations trustingly.
IoT, 5G and A Range of Others That Encourage Hyperconnectivity
With every passing year, the world is getting even more connected day by day. With the Internet of Things (IoT) and 5G technology, businesses are integrating all aspects of their operations into one central place. There has been a steady increase in the number of companies implementing a cloud or hybrid platform for this purpose. Once again, however, only a few businesses are transitioning to this stage. Where operations are separated, it not only leads to wasted data but could also result in inaccurate results being provided. IoT creates a network of interconnected sensors, infrastructures and devices that centralises all data into one place. All of this helps other technologies, such as digital twins and predictive and prescriptive analytics, to function much better. Hence, IoT is predicted to play a vital role in 2023, enabling complex interaction between machines. Moreover, 5G networks are expected to be popular among businesses as a solution to address the security concerns that have halted businesses from trusting cloud systems and IoT technologies. Educating businesses to understand that 5G not only means speed but also refers to more devices being able to communicate with one another reliably with encrypted protocols in place will be pivotal.
Cerexio: A Technology Vendor Equipped With the Latest Technologies
Cerexio is one of the few technology vendors worldwide that keeps up-to-date on all technological advancements. With our team of experts, Cerexio has engineered innovative solution suites ranging from Manufacturing Execution Systems, Warehouse Management Systems, PLC & Instrumentation Setup, Enterprise Integrator, Data Analytics, Digital Twin Systems, Total Investment System, and Predictive Maintenace. In each of these, industry 4.0 technologies such as AI, ML, 5G, AR & VR, IoT, big data capabilities, simulation technology, hybrid clouds, and more are included. For companies that need help figuring out where to start their digitalisation efforts, Cerexio offers consultation services whereby our team will take into account your individual needs and advise how to proceed. We also provide training services for companies whose employees lack technological skills, ensuring everyone can effectively operate our advanced suites disguised in a user-friendly interface.
Connect with us to learn more about the platform and capabilities Cerexio offers.
Invest in Futuristic Solutions
As 2023 is approaching, companies should think of strategising and budgeting their operations and investing in digital technology trends. The road to digitalisation is costly; hence, it is understandable that every company will at once adopt some of the technologies. Thinking of what technologies would be most suitable and drawing out a plan to assess what can be integrated into your operations one at a time is an excellent place to start.
