Technology trends that everyone needs to prepare for in 2023

Trend 1:  AI is Everywhere.

What’s AI? 

Simply put, artificial intelligence (AI) means computers can be trained to learn and perform human-like cognitive tasks.   

AI is everywhere. Everyone is talking about it.  

• On November 30, 2022, Open AI’s ChatGPT was released and kicked off the race.  By January 2023, ChatGPT already accumulated 100 million users.  

• On February 7, 2023, Google responded with its version of the AI Bot Bard. 

• Baidu (Chinese search engine) also shares its plans to release its version (The ERNIE Bot). 

The AI bot speed-to-market race has started! 

Businesses and organizations can customize and create their own BOT using ChatGPT technologies via #Microsoft and #Openai platforms.  

Artificial intelligence as a service.  

Businesses and organizations will be able to customize and create their own BOT using ChatGPT technologies via #Microsoft and #Openai platforms.  

With the “no code environment”, anyone can now design AI-embedded applications without prior knowledge of programming.  

Natural Language Processing.  In this specialized AI field, machines can process, understand, and process human language. Examples range from Apple Siri and Amazon Alexa to Open AI ChatGPT. 

Machine Vision.  Machines can “see”, process video and images, and make decisions.  Examples include robots taking an inventory at the supermarket, and inspecting defects in manufacturing.

Generation of Synthetic Content.   Computers can generate images and videos based on text and learned data.     In 2021, Metaphysic used AI and “Deep Fake” technology to create a Tom Cruise video that went viral, and in 2022, Metaphysic brought Elvis back to life and to sing with Simon Cowell.  

In summary: AI is changing jobs! AI is changing businesses! Everyone is (or should be) watching closely the rapid development of AI applications and adapting quickly in respective industries. 

Trend 2:  Metaverse  

Metaverse is another buzzword in tech. 

Some say it’s the next evolution of the internet.  It’s a connected 3D virtual world with virtual reality (VR) and augmented reality (AR).   It is this digital world where users can interact, collaborate, and work together.  People can socialize, attend events, or build businesses together.  

Microsoft and Nvidia are developing metaverse platforms for teams to collaborate and create digital projects. 

Companies can think about how to create, experiment, or pilot an immersive world of work and content.  How will the metaverse shape our employee experience?  Can we create an improved meeting experience using virtual reality?  How can we improve customer support using augmented reality?  How can we help customers fix problems or assemble parts?  

In summary, there are many opportunities for companies to shape organizations and businesses in this upcoming world.

Trend 3: Web3 and Blockchain

The blockchain can store and record information much like a ledger.  The data is replicated and distributed across the network of computer locations.  This means that the information stored cannot be erased, changed, hacked, or cheated. 

Blockchain technology performs the trust function and can replace the middleman currently performing the trust functions in the supply chain, banking, and insurance industries.   

Non-fungible token (NFT) allows companies to record and manage digital ownership and identities.  This can change many industries.  Companies should experiment with this technology.  

In the gaming industry, there are also metaverse platforms with systems of virtual interconnected worlds.  Well-known metaverse crypto projects include Decentraland, Sandbox, and Axie Infinity.  Decentraland has a market capitalization of 1.47 billion and is the largest metaverse cryptocurrency.   There are cryptocurrencies built on the metaverse used for buying and selling virtual land, games, avatars, NFTs, and other assets in the metaverse. 

Trend 4: A programmable world

A programmable world means that we can change the real world by manipulating the digital world. A digital twin is a digital copy of the real world.  

One example is the race car Formula One, which has a digital world copy and is tested via digital simulation.  There is a 3D print of the improved car components to be used in the car in the physical world. 

Another example is Gene editing using the CRISPR technology to manipulate DNA in the digital world, then create new plants, animals, or human traits. 

In nanotechnology, materials can be edited and new materials created, such as self-healing materials, carbon fibers, or graphene which is stronger than steel but lightweight. 

Trend 5: Intelligent and Connected World

With enabling technologies like 5G, there will be many intelligent devices that are connected to the internet to transmit and receive data.  We will see entire smart cities built with smart management of the energy grid.  We will see the digital twin technologies and artificial intelligence from healthcare to manufacturing.   

New technologies like nanobots are in our bloodstream to monitor our health or kill cancer cells.  

Trend 6: Sustainability 

The last component is so important. This is sustainability. 

In blockchain or web 3 technology, Ethereum changed the proof of work process to the proof of stake process reducing energy consumption.  

Data centers are being built to be carbon negative. 

The electric vehicle industry is growing. 

We all need to watch the advancement of technology for the good of our planet.