After the pandemic in 2020, businesses started to see an increase in sales and overall revenue. But by 2022, there were new hurdles to face – rise in inflation, energy scarcity, and the nosedive in the tech industry – explaining the increased need to learn how to keep up with tech trends.
With these challenges, IT leaders are actively seeking innovative methods for supply chain, energy sourcing, and digital skills acquisition to save costs, improve margins, grow, and stay ahead of the curve in 2023.
The strategy begins with understanding the relevant technologies and trends to leverage to impact your business positively.
This article will discuss the trends for businesses in 2023, how you can leverage them, and the benefits they offer.
Key technical trends for leaders in 2023
Here are some tech trends for IT leaders looking for where to invest in 2023:
Accelerated cloud adoption
The results from a survey show that 40% of businesses in North America and Europe have embraced the adoption of industry cloud platforms, while 15% are considering deployment by 2026.
This data indicates that in 2023, the trend will continue to see even more adoption as business owners consider these cloud platforms to manage, connect, and automate their business processes.
The swift adoption is mainly owed to its scalability.
According to Gregor Petri, VP Analyst at Gartner, “Industry cloud platforms turn a cloud platform into a business platform, enabling an existing technological innovation tool to also serve as a business innovation tool.”
Once you determine when and where the cloud platform will fit your workflow and organize the business tech and teams, the industry cloud platform can support a complete set of industry-relevant features.
It will function like a custom software ecosystem to help your business scale efficiently.
Digital Immune System
It is speculated that by 2025, organizations that invest in digital immunity will increase customer satisfaction by decreasing downtime by 80%.
This is because the digital immune system (DIS) combines practices including observability, artificial intelligence, augmented testing, chaos engineering, auto-remediation, site reliability engineering (SRE), and software supply chain security to reduce unprecedented vulnerabilities and improve the reliability of products, services, and systems.
Superapps
A superapp is an app that provides your users with a boutique of core features and access to independently developed miniapps to deliver reliable and customized experiences.
Gartner predicts that by 2027, over 50% of the global population will be daily active users of several superapps.
An example of this latest trend in technology is PayPay, a Japanese payment provider boasting about 50 million users.
PayPay’s significant growth strategy is its integration of third-party miniapps for getting cinema tickets, ordering food deliveries, and bicycle sharing, together with its apps for financial management, retail shopping, and other services.
Mainstream adoption of Web3 technologies
According to McKinsey, the data privacy concerns from regular internet platforms may cause an increase in the general adoption of Web3 technologies soon.
As one of the latest trends in technology, Web3 systems are now employed for daily activities in communication, business activities, or financial transactions and are projected to contend with the standard methods actively.
In the coming years, more people will adopt smart contracts instead of formal agreements and crypto instead of fiat currencies.
For IT businesses to survive this evolution in the Web3-driven world, they need to focus on being more user-centric by emphasizing transparency, investing in data privacy and security, and building communities in the Web3 space.
Transparent data governance
On the topic of data privacy, this is the reality—consumers are becoming increasingly skeptical.
According to Cisco’s State of Consumer Data Privacy Report, only 21% of users trust established global brands to secure their personal information.
So, by 2023, more IT companies will adopt thorough transparency measures to earn users’ trust with user-first data governance.
This way, users will be more involved in defining their data collection, processing, storage, and disposal.
Adaptive AI everywhere
Adaptive Artificial Intelligence systems like Generative AI models are known for their flexibility and efficient real-time iterations.
They are equipped to immediately adjust to changing real-world production situations by analyzing the datasets’ behavioral patterns.
With the ever-changing, fast-paced market, more businesses will adopt adaptive AI systems to scale efficiency, shorten launch dates, and maximize low resources in 2023.
The rise of the metaverse
We have all heard of the metaverse, and one thing is for sure, by 2023, it will be more mainstream in marketing, events, and general business operations.
IT leaders can position themselves to maximize this information technology trend by developing more products and solutions with the metaverse technology.
Additionally, they can invest in radical data governance policies to protect the business and users’ data in the metaverse.
Ethical regulations for AI usage
Data from FICO’s State of Responsible AI report reveal that almost 78% of companies are “poorly equipped to ensure the ethical implications of using new AI systems.”
So, IT leaders will actively execute policies to bridge ethical gaps in using AI technology by
- improving data bias detection,
- simplifying copyright for generative AI models to improve transparency
- formalizing AI model deployment and management.
- prioritizing data privacy and security
The rise of the AI of Things (AIoT)
The AI of Things is an innovative and efficient part of artificial intelligence where AI and the Internet of Things meet.
It involves using AI technologies in IoT devices and systems to independently collect and examine data, make decisions, and automatically take action.
So you can train AI models to be more natural and correct with the data from first-party – Internet of Things devices like Siri and Alexa.
Now that we have answered the question, “what are the next big tech trends?” let’s see some benefits of investing in these trends
Benefits of investing in technology and digital transformation
These digital technologies and changes offer some significant benefits to companies. Let us now see how tech trends impact business:
Alignment with Strategic Business Plans
Modern business structures are more flexible than they used to be. So when you want to choose digital innovations, ensure that they are incorporated seamlessly to handle any workload in hours.
The result will be an increase in overall productivity, especially in IT and DevOps teams. The development cycles will be faster, more flexible, and more efficient to align with your business plans.
Business agility
Over the years, most companies have faced performance challenges uploading important business and company data to the public cloud.
That is why over 85% of enterprises consider or implement moving to the data center from the public cloud. With a private cloud that features innovative technologies, you can increase the performance of any application or workload.
Greater efficiency and productivity
According to the 2019 Cloud Data Management Report Application, a system downtime costs the average company $20.1 million in lost earnings and efficiency.
Fortunately, reliable technology trends can impact businesses positively by eliminating scheduled downtime, lowering the risk of random downtime, and ultimately, improving productivity.
Competitive advantage
Exploring the shift to multicloud is the top priority of most IT leaders. On-premises infrastructure should provide IT-as-a-service features and simple API-driven integrations with public cloud services and data portability to the cloud.
These on-premises infrastructures provide modern solutions that give your business that competitive edge.
Optimizing IT systems for greater reliability
With the on-premises architecture, IT teams can reduce costs by leveraging centralized software-defined systems, data reduction, artificial intelligence, and machine learning.
The IT team members can now focus on more strategic plans to improve resources, upload, storage, and network resources.
Additionally, this system allows flexible pricing models with an option to “pay as you grow.”
Scalability (increasing pace of product delivery)
You can scale your business seamlessly with a stateless architecture for uploading and storing data.
So, you don’t have to reorganize your infrastructure whenever you want to incorporate new information technology trends.
Final Note
Technology will constantly evolve, and businesses that demonstrate flexibility and adaptability will always remain ahead of the curve.
In the same vein, IT companies that adapt to these technology trends in 2023 will gain the market advantage to stand out from the competition. So, invest in developing user-centric infrastructures to protect your customers and their data from risk.