2023 will be another year of exciting and rapid development in business technology
Technology has significantly changed the way we live and work in the last few decades. However, the relationship between the workplace and cultural changes, as well as the use and development of technology, is a two-way street. The technology used by professionals and consumers and their expectations of it have changed significantly in recent years, especially since the start of the COVID pandemic.
Technology experts predict that 2023 will be another year of exciting and rapid evolution in enterprise technology, both in terms of what tools are emerging or increasing adoption and in terms of how companies and sectors will adapt to market shifts and challenges . We’ll dive deeper into some of the biggest tech trends expected to emerge in 2023.
1. Composability will continue to expand and change. In the course of technological development, more and more tools are made available to us to support us in creating our software solutions. For example, more support is expected in the development of databases, web services and other technologies. We also hope to see more tools that make it easy to combine solutions that already exist.
There will also be more ways in which solutions can be assembled. For example, you could create code that automatically creates source code for you. Alternatively, you can use code to create a graphical representation of your solution. 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 some examples of composable technologies.
2. In 2023 there will be a push for green and sustainable technology. We are all heavy users of technology and use our computers, tablets and smartphones every day. Where do the components for these gadgets come from? Cloud-based services like Spotify and Netflix continue to operate in large data centers that consume a lot of energy. As consumers demand energy-efficient goods and services backed by greener technologies, the movement toward more transparent supply chains will continue in 2023.
3. Workplaces need to monitor and manage a lot of data with the arrival of 5G and the integration of the Internet of Things (IoT). Businesses need a real-time data collection strategy if they want to take advantage of real-time analytics’ smart twins (5G and IoT).
4. There is currently a global race to create large-scale quantum computers. We can expect computers to work a trillion times faster than the fastest conventional processors currently on the market, thanks to quantum computers that use subatomic particles to develop new ways of processing and storing information.
Any country that develops quantum computing on a large scale has the potential to render our current encryption practices useless, allowing them to break the encryption used by other countries, corporations, security systems, and other entities. With nations like the US, UK, China and Russia investing heavily in developing quantum computing technology, this is a development to watch in 2023.
5. Every technology leader should pay attention to Web3. While it’s early days and the practicality isn’t clear, I believe there’s a good chance it will transform a lot more than just finance. In general, decentralized business models and architectures are more robust. Therefore, applying decentralization and open ownership strategies independent of blockchain is a good choice. Technology acceptance and the digitization of companies in all industries are still significant global trends. The global technology market will continue to grow exponentially.
(The author is Founder & CTO, Contentstack)
