Top tech trends 2023

A few weeks ago, our ICE brand published an article on Gartner’s top 10 strategic tech trends. As we approach the end of the year, our team wanted to go a little deeper on this subject ourselves. We are delighted then to present top tech trends 2023.

Read the ICE article, ‘Strategic tech trends 2023: Gartner’s top 10‘.

Artificial Intelligence (AI)

AI has been highly prominent in the world of technology for the past decade. From the birth of Alexa in 2014, through to 2021’s SEER, it has had a huge effect on how we live and work. And it is only in the early stages… In 2023, AI will continue to make advancements in image and speech recognition, navigation apps, ride-sharing apps and more.

The use of artificial intelligence will also be ramped up in business as organisations embrace ‘no-code AI’. This features simple, drag-and-drop interfaces, and will enable companies to create intelligent products and services.

The retail sector is perhaps set to benefit more than most, as AI-enabled algorithms will be deployed en masse to make clothing recommendations to customers. More retailers will also use AI to manage and automate complex inventory management processes. 2023 should also see contactless, autonomous shopping and delivery trending hugely.

Global spending on cognitive and AI systems is set to reach more than $57 billion in 2023*. With this growth will come new jobs in development, programming, testing, support and maintenance, amongst others. AI is also responsible for salaries ranging up to $145,000 per year – for an AI architect – meaning it is definitely a top tech trend to watch out for.

*June 13th 2023 update: Stats taken from an IT Executive article for which the link no longer works

Blockchain technology*

We believe that blockchain technology will also make huge advances next year. At this moment in time, more and more companies now store information in the cloud. By using blockchain, however, any data stored can be encrypted – thus making it safer – and also then decentralised. Non-fungible tokens (NFTs) will also become more practical in 2023, with far more products and services set to be available for purchase.

*Blockchain technology offers a robust level of security as it only allows for data to be added to. It literally entails building a ‘data chain’, from which nothing can be removed nor changed.

Quantum computing

This amazing tech leverages quantum entanglement and superposition. It is able to take data from any source and then query it, monitor it, analyse and act on it very easily indeed. Quantum computers have become much faster than ‘regular’ computers, with huge brands now trying to do more with the technology. Google, AWS and Microsoft are just a few who are leading the charge. Revenues for the quantum computing market are projected to surpass $2.5 billion in the next 7 years.

Key fields for this technology are healthcare and banking / finance. In terms of the former, quantum tech has been successfully deployed to prevent the spread of Covid-19. It has been used to develop potential vaccines, too. The world of finance is welcoming applications designed to manage credit risk and to detect fraudulent activity.

What do you think about our top tech trends 2023? Did we miss anything major? If you believe we have then we would love to hear from you!