Trending Technologies To Watch Out For In 2023

Businesses used innovation to provide ground-breaking value for their customers in order to grow, stay relevant, and differentiate themselves from the competition. They brainstormed, thought creatively, and welcomed innovation. Technology is still driving innovation in business processes across a range of industries.

The world is being swiftly altered by technology in ways we could never have predicted. Technology has been improving for a while, but COVID-19 has accelerated the process even more. Modern times have seen an increase in the use of technologies like cloud computing, artificial intelligence, augmented reality (AR), virtual reality (VR), and green technology, to name a few.

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Here are a few tech trends that could become widespread in the coming years.

Drones

The Covid outbreak has increased public interest in contactless technologies, which are revolutionizing every aspect of our lives, from payments and food delivery to health care. Drones are one such technology that is increasingly grabbing people’s attention. The Union Ministry of Civil Aviation estimates that the industry currently brings in about Rs 80 crore. This is expected to rise to between Rs 12,000 and Rs 15,000 crore by 2026.

Scaled UAS integration into the NAS will be determined by four major technologies.

• Uncrewed Traffic Management (UTM)
• Vehicle-to-Vehicle (V2V) Communication
• Detect and Avoid (DAA) systems
• Vehicle Separation: a large number of vehicles are safely separated and flown by a small number of pilots.

Artificial Intelligence

Artificial intelligence has moved past the concept stage and is becoming a reality for enterprises. No-code AI will soon make it possible for any firm to use its capability to develop smarter products and services thanks to its simple drag-and-drop interfaces.

The following are three significant AI trends that will emerge in 2023:

• The democratization of AI will proceed.
• There will be the commercialization of generative AI.
• A top priority will be given to AI ethics.

Recognition Technologies

New technologies like fingerprint recognition, facial recognition, finger and palm vein pattern recognition, facial and behavioral biometrics (gait, voice, and accent recognition), and retinal and iris scanning, which have only lately been developed, are giving personalization a whole new meaning.

The most recent example of this trend is the introduction of DigiYatra, an app-based service that uses facial recognition technology at the airports of Delhi, Bangalore, and Varanasi.

Smart Locks

One topic that is expected to receive a lot of attention in the future is smart security systems. The two-way video communication-enabled locks, which have the potential to completely dominate the market, are the second major technology we will see in the locks category in the upcoming days. With current technical advancements, lock sizes will gradually decrease.

Smart locks are locks that include a keypad, fob installed, wireless, biometric, and other cutting-edge technological features. These locks are more fashionable, secure, and classy. They can be controlled remotely using a computer interface or a smartphone.

The following product categories make up the South Korean market for smart locks:

Deadbolts

Level Handles

Padlocks

Others

The South Korean market for smart locks can be categorized into the following groups:

Residential

Enterprise

Hospitality

Critical infrastructure

Others

The South Korean smart lock market can be divided into three segments thanks to technology:

Wifi

Bluetooth

Others

Healthtech

With the emergence of Covid, people are becoming more conscious of health-related technologies, including smartwatches, bands, and other gadgets like fitness trackers. During the pandemic, HealthTech attracted attention and served as a comfort to those in need.

Several start-ups invested in services like telemedicine and home care. Big business houses stepped in, recognizing the potential for expansion, and assisted patients in using eHealth to manage their ongoing medical needs. Since that time, the eHealth market has grown.

In the near future, new technologies like the in-home Internet of Medical Things (IoMT) are likely to become more widespread. The use of technology makes it easier and more methodical for patients to receive care and adhere to doctors’ orders while staying at home.

Let’s have a look at the top three trends that will be influencing this growth and how they will affect healthcare in the future. It is predicted that the global market for digital health will grow at a compound annual growth rate (CAGR) of 18.6% between 2023 and 2030.

• An increase in telemedicine or telehealth
• Market expansion for wearables
• The use of AI in treatment and preventive technology will increase

Performance Marketing

Performance marketing is a method of digital marketing that is driven by outcomes. It is a form of digital marketing in which brands pay marketing service providers only after reaching their objectives or following the completion of specific actions like a click, sale, or lead.

The expense of advertising is increasing, so it’s critical to consider the dull facets of the industry, such as the logistics, supply chain, manufacturing, and landing sites. The metaverse and artificial intelligence (AI) will improve greatly in the upcoming years as a result of the expanding tech trends, adding advantages and maximizing the efficacy of firms’ paid marketing.

• We examine TikTok and business, the ascent of artists, and SuperApps within the context of social media and influencer marketing.
• We frequently hear in B2B marketing about the importance of video content, social selling strategies, and curated content.
• More collaborations, creator-brand partnerships, and the constant requirement to provide excellent content all seem to be trends in content marketing.
• In 2023, marketing automation will be a hot topic, not least because of the readily available tools and the eagerly awaited GPT-4.
• The industry of CRO will continue to dominate martech, which is also anticipated to grow. Furthermore, the metaverse won’t simply vanish.

Internet of Things

In both our personal and professional lives, smart gadgets are becoming increasingly prevalent, yet until recently, communication issues were caused by various operating systems or platforms. Normative standards and protocols will be created in 2023 to improve communication.

IoT technology uses data generated by industrial equipment to identify developing market niches and consumer trends, boost productivity, and support product innovation. This data is then analyzed to offer information on the production process.

Conclusion

As tech companies adjust to a world where economic uncertainty is a major factor, markets will continue to undergo significant change. However, many areas will appear to continue moving forward at a high speed, with few signs of slowing down. Enroll in our Data Science Training in Chennai with IBM Certification at Softlogic Systems to learn about the various job options that come with cutting-edge technologies.