2023 will be another year of exhilarating and swift evolution in business technology
Technology has significantly changed how we live and work over the last few decades. However, the relationship between workplace and cultural changes and how technology is used and developed is not one-way. The technology used by professionals and consumers and their expectations of it have undergone significant changes in recent years, particularly since the start of the COVID pandemic.
Technology experts predict that 2023 will be another year of exhilarating and swift evolution in business technology, both in terms of what tools will see new or increased usage and how businesses and sectors will adapt to market changes and challenges. We will dive deeper into some of the biggest technological trends envisaged to emerge in 2023.
1. Composability will keep expanding and transforming. More and more tools will be made available to us as technology develops to aid in the creation of our software solutions. For instance, more assistance with developing databases, web services, and other technologies is anticipated. We also hope to witness more tools that make it simple to combine already existing solutions.
There will also be more options for how to put together solutions. For instance, you could create code that produces source code for you automatically. Alternatively, you could create a graphic representation of your solution using code. Application Programming Interfaces (APIs), component-based systems, frameworks, integrated development environments, object-oriented languages, object relational mapping, repositories, services, web services, and extensible markup languages are a few examples of composable technologies.
2. There will be a push for eco-friendly and sustainable technology in 2023. We are all heavy users of technology, using our computers, tablets, and smartphones every day. Where do the components for these gadgets originate? Cloud-based services like Spotify and Netflix will continue to be operated in sizable data centres that use a lot of energy. As consumers demand energy-efficient goods and services backed by more environmentally friendly technology, the movement to make supply chains more transparent will continue in 2023.
3. Workplaces will have a ton of data to monitor and manage with the rollout of 5G and the integration of the Internet of Things (IoT). Businesses will need a real-time data collection strategy if they want to take advantage of the benefits that real-time analytics' intelligent twins (5G and IoT) can offer.
4. A global race is currently underway to create quantum computing at scale. We can expect computers to operate a trillion times faster than the fastest traditional processors currently on the market thanks to quantum computing, which employs subatomic particles to create new methods of processing and storing information.
Any country that develops quantum computing at scale has the potential to render our current encryption practices useless, making it possible for them to decrypt the encryption used by other countries, businesses, security systems, and other entities. As nations like the US, UK, China, and Russia invest heavily in the development of quantum computing technology, this is a development to keep an eye on in 2023.
5. Any tech leader should be paying attention to Web3. Although it's still early and the practicality isn't clear, I believe there's a good chance it will change much more than finance. In general, decentralized business models and architectures are more robust. Therefore, regardless of blockchain, applying decentralization and open ownership strategies is a good bet. Technology adoption and the digitalization of businesses across all industries continue to be significant global trends. The global technology market will keep expanding exponentially.
(The writer is Founder & CTO, Contentstack)