The tech industry is expected to grow by over 5% this year as we continue to grow our digital world. However, the tech sector isn’t the only one that changes in technology will impact.
New technology has a ripple effect in every industry, from healthcare to education and beyond. Trends and updates can lead to software updates, increased security needs, and more efficient processes.
What are the technology trends in 2023 that you should prepare for? How will using technology change in the coming months and years?
Read on to learn about the seven most important technology trends in 2023.
1. Increased Computing Power
Since the dawn of computer technology, one of the biggest goals has been to increase computing power. In recent years, we’ve seen a relatively slow rollout of 5G technology, which offers the fastest and strongest computing power to date. If you haven’t already invested in 5G technology for your business, you may want to hold out.
Though it’s not available yet, we’re expecting 6G to hit the market sometime this year. It could be as much as 100 times faster than 5G, which will make older tech obsolete in our fast-paced world. Older systems may not be able to keep up or provide the online experience that your consumers desire.
2. Artificial Intelligence
It’s no secret that artificial intelligence is having a moment right now. What will AI change and will it stick around for good? It’s hard to say just yet, but we do know that AI isn’t going anywhere.
AI can change everything from your marketing efforts to your customer service to the way that you collect data. It can even reduce physical labor. While you might not feel the need to incorporate AI into your business practices at this time, you should still stay on top of the latest AI news to make sure that you don’t miss any industry-altering trends.
3. Extended Reality
Perhaps one of the biggest changes occurring today is the shift toward “extended reality.” Extended reality includes everything from virtual reality to augmented and mixed reality, and this change is no longer just for gamers.
Though it’s had its setbacks, Facebook’s Meta is a good example of how extended reality could impact your business. Staking your claim in digital real estate might not be a bad idea, especially if your business relies on online sales. Soon, consumers might adapt to the idea of this new world, and you don’t want to miss the chance to grow your business virtually.
4. 3D Printing
A few short years ago, 3D printing seemed like an impossible dream. Now, it’s a reality that is making it much more affordable to develop new products and inventions, which can lead to major innovation.
We expect to see an influx of 3D printers in classrooms, health and science labs, and industrial warehouses and labs. Though the initial investment is hefty, 3D printing offers one of the fastest and most cost-effective ways to develop a prototype, which can lead to a faster turnaround from research to launch.
5. Green Energy
The world is changing and if we don’t adapt, things could get a lot worse. Though green energy may be polarizing, it’s becoming a necessity—and a major opportunity for financial gain.
Making the choice to reduce your company’s carbon footprint can go a long way toward improving your reputation and securing the trust of consumers. If you’re working in the energy technology industry, it’s time to start investing in green alternatives, including wind, solar, and hydropower, as we’re going to see a bigger push from homeowners and increasing incentives from the federal government to go green.
6. Internet of Things
The 21st century has been shaped largely by the existence and growth of the internet, and it’s no longer a conceptual space that we can access through computers, alone. If you want to learn more about all of the ways in which new technology is intersecting with our online world, head to Velvetiere Media. In the meantime, let’s take a brief look at the Internet of Things.
If you’re unfamiliar with the concept, think of all the smart technology you rely on every day. Most of us have a smartphone, which keeps us connected to the internet no matter where we are. There’s also an increase in smart appliances (like fridges and thermostats), smart home security tools (like Ring cameras), and smart infotainment systems in cars.
We’re all becoming more connected to the internet through the items we rely on each day. Businesses can also stand to benefit from the Internet of Things by adopting predictive maintenance tools, smart data analytics, and even smart customer service solutions.
We know what you’re thinking. Cybersecurity isn’t new and all successful businesses have invested in it for over a decade.
The reason we include cybersecurity on this list is that it’s always evolving, and a lapse in updated cybersecurity efforts can destroy your entire business. The IT sector is constantly discovering new threats in the form of malware and it seems that international warfare of the future will happen online. In this day and age, you need to evaluate your cybersecurity solutions on a rolling basis and make sure that they’re up to par with the latest threats.
Don’t Miss These Technology Trends in 2023
Technology has changed everything from our day-to-day interactions to the global economy. These technology trends in 2023 will shape the way that you relate to the world and the way that your business stays relevant.
Looking for other business trends that could better your business? Stick around as we discuss the latest trends in digital marketing, product development, customer service, and more.