One undeniable truth about technology is that it’s constantly evolving. For example, just a few decades ago, people commonly listened to music on CDs. Today, however, it’s rare to catch a glimpse of someone traveling with a CD player instead of streaming music on their smartphone. The tech landscape continues to change at a stunning pace, with cloud solutions replacing on-premises infrastructure and artificial intelligence taking on a wider array of professional tasks.
To meet the expectations of modern consumers, business leaders must embrace the new and emerging technologies changing how we live and work. Adopting novel tech solutions can make a significant difference: In a recent blog entry published by the World Economic Forum (WEF), “Why we need to prioritize digital transformation – even in a downturn,” Qualcomm Chief Commercial Officer James Cathey describes digital transformation as a “powerful engine for economic growth.” As of 2022, over 60 percent of GDP was expected to depend on digital tech, according to the 2021 B20 Digital Transformation Task Force.
If you’re wondering which emerging technologies to watch this year, here are a few notable types of tech to keep an eye on as 2023 unfolds.
1. Technologies that support sustainability.
Sustainable tech is taking off as a trend as people worldwide seek to counteract climate change. The “digital revolution” involving technologies like the cloud, AI, the Internet of Things (IoT), and 5G could lower fossil fuel emissions by 15 percent by 2030, according to a 2019 report from the Exponential Roadmap Initiative. Some examples include putting AI to work designing recyclable products and leveraging digital technologies to enhance delivery processes through improvements in routes, shipments, and traffic systems. Cathey also mentions smart grid solutions for wind and solar power.
Similarly, the Security Boulevard article “Top 15 Emerging Technology Trends to Watch in 2023 and Beyond” predicts that solutions that help companies reduce emissions and waste, improve energy efficiency, and otherwise fulfill environmental, social and governance (ESG) requirements will continue to evolve as businesses focus on going green.
2. Quantum computing.
In some instances, even supercomputers – expansive classical computers that commonly utilize thousands of CPU and GPU cores – can’t solve complex conundrums, according to IBM. That’s where quantum computers come in. With the power of quantum mechanics, these machines utilize multi-dimensional spaces to achieve next-level problem-solving capabilities and make sense of numerous variables interacting in various ways. Researchers are leveraging this emerging tech to transform our world through use cases such as designing batteries for electric vehicles, determining the best routes for hundreds of ships transporting fuel for vital power infrastructure, and more.
3. Advanced artificial intelligence (AI).
While artificial intelligence is already prevalent today, what we currently have is “narrow AI,” capable of carrying out only particular tasks within exact parameters, according to CompTIA’s IT Industry Outlook 2023. This type of tech is still emerging in that it continues to evolve. One day CompTIA notes that we’ll have “general AI” that can perform actions requiring advanced cognition across various areas.
Currently, AI solutions like DALL-E-2 and GPT-3 produce text and images that mimic content created by real humans, CompTIA notes. Businesses looking to boost productivity while still delivering excellent customer experiences are also increasingly turning to conversational AI solutions that can mimic actual human interactions and tackle tasks such as answering commonly asked questions and scheduling appointments.
If you’d like guidance as you determine how to incorporate new and emerging technologies into your business operations, our trusted technology advisors are available to assist you. We maintain partnerships with numerous leading solution suppliers. Our advisors can leverage advanced tools, extensive technology knowledge, and their IT solution experience to identify products and services that align with your needs and goals.
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