5 Modern Technology You Can’t Live Without – As a futurist, my task is to look into the future. So every year I cover the new technology trends that will shape the digital world over the next 12 months.
Which technologies interest you the most? What are the most important trends that business leaders need to be prepared for?
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By 2023, artificial intelligence will become a reality in organizations. With an easy drag-and-drop interface, codeless AI enables all businesses to leverage their ability to create smarter products and services.
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This development can already be seen in the retail market. Stitch Fix uses AI-based algorithms to recommend clothes that fit customers’ sizes and tastes.
Contactless, autonomous shopping and delivery are also big trends in 2023. Artificial intelligence makes it easier for consumers to pay for and receive goods and services.
Artificial intelligence also works in practically all business processes in different industries. As more and more retailers use artificial intelligence to manage and automate the complex inventory management processes that happen behind the scenes, Buy Online Pickup (BOPAC), Buy Online Pickup (BOPIS) and Buy Online-Returns-In-Store (BORIS) will become the norm, unseen.
AI will also be the driving force behind the latest autonomous delivery projects piloted by retailers, and more and more retail workers will have to get used to working with machines to get their jobs done.
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I don’t particularly like the term “metaverse,” but it has become shorthand for a more immersive Internet where we can work, play, and socialize on a continuous platform.
Experts predict that the metaverse will add $5 trillion to the global economy by 2030, and that 2023 will be the year that defines the direction of the metaverse over the next decade.
Augmented reality (AR) and virtual reality (VR) technologies continue to develop. One area worth noting is the working environment of metaverses. By 2023, we expect to have more immersive meeting environments where we can discuss, brainstorm and create together.
The new year will also see more advanced avatar technology. Avatars, the entities you project while interacting with other users in the metaverse, can look exactly like they do in the real world, and motion capture can even allow the avatar to adopt unique body language and gestures.
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We may also see the further development of autonomous avatars equipped with artificial intelligence that can act as our representatives in the metaverse without having to log into the digital world.
Companies are already using metaverse technologies like AR and VR for training and onboarding, and this trend will accelerate in 2023. Accenture, a giant consulting firm, has already established a metaverse environment called Nth Floor. This virtual world includes a replica of a physical Accenture office, allowing new and existing employees to perform HR tasks without having to go to a physical office.
For example, now we store everything in the cloud. Decentralizing data storage and using blockchain to encrypt data not only makes data more secure, but also enables it to be used and analyzed in innovative ways.
Non-fungible tokens (NFTs) will become even more useful and practical in the new year. For example, concert NFT tickets can give you access to backstage experiences and memorabilia. NFTs can be keys that we use to interact with the many digital products and services we purchase, or they can represent contracts we enter into with other parties.
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We are already seeing new bridges emerging between the digital and physical worlds, and this trend will continue in 2023. The fusion has two parts: digital twin technology and 3D printing.
A digital twin is a virtual simulation of a real process, activity or product that can be used to test new ideas in a safe digital environment. Designers and engineers use digital twins to create physical objects in the virtual world, allowing them to be tested in all possible conditions without the high costs of physical experiments. By 2023, we will see more digital twins from factories to machines, cars and precision medicine.
After testing in the virtual world, engineers can adjust and modify the components and then create them in the real world using 3D printing technology.
For example, Formula 1 teams currently collect data from sensors during races, as well as track temperature and weather conditions, to see how their cars change during the race. The data from the sensors is then streamed to digital twins of the engine and vehicle components, and scenarios are run to make design changes on the fly. The team then prints 3D car parts based on the test results.
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We live in a world where we can shape and change materials, plants and even people. Nanotechnology allows us to create materials with completely new properties, such as water resistance and self-healing ability.
CRISPR-Cas9 has been around for a few years, but in 2023, gene editing technologies will accelerate, increasing our ability to “edit nature” by altering DNA.
Gene editing is a bit like word processing where you can remove some words and add others, but it can also be done with genes. Gene editing can be used to correct DNA mutations, treat food allergies, improve crop health, and even modify human characteristics such as eye or hair color.
Quantum computing, which uses subatomic particles to create new ways to process and store information, is a technological leap expected to deliver computers that can run a trillion times faster than today’s fastest conventional processors.
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A potential risk of quantum computing is that it could render current encryption methods obsolete. Therefore, a country that develops quantum computing on a large scale can break the encryption of other countries, companies, security systems, etc. This is a trend to watch closely in 2023 as the US, UK, China and Russia pour money into the development of quantum computing technology.
One of the world’s biggest challenges is solving the climate crisis by curbing carbon dioxide emissions.
By 2023, continued progress is expected in green hydrogen, a new clean-burning energy source with nearly zero greenhouse gas emissions. Two major European energy companies, Shell and RWE, are building the first major green pipeline from a North Sea wind farm.
We are also seeing progress in the development of decentralized power grids. Distributed energy production with this model enables small-scale generator and storage systems located in communities or individual homes that provide electricity even when the main grid is not available. Currently, our energy system is largely dominated by large gas and energy companies, but decentralized energy initiatives can democratize power globally while reducing carbon emissions.
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By 2023, robots will become more human-like in appearance and performance. These types of robots are used in the real world as event ushers, bartenders, concierges and companions for the elderly. You also work alongside people in manufacturing and logistics, doing complex tasks in warehouses and factories.
One company is working hard to create human-like robots that work in our homes. At Tesla AI Day in September 2022, Elon Musk unveiled two prototypes of the Optimus humanoid robot and said the company would be ready to take orders within the next three to five years. Robots can perform simple tasks like lifting objects or watering plants, so maybe we will soon have a “robot butler” to help us with household chores.
Business leaders continue to make progress in building autonomous systems, especially in shipping and logistics. Many factories and warehouses are already partially or completely independent.
By 2023, we’ll see more self-driving trucks, ships, and delivery robots, and more warehouses and factories will adopt autonomous technology.
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British online supermarket Ocado, which describes itself as “the world’s largest online grocery retailer”, uses thousands of autonomous robots in its highly automated warehouses to sort, lift and transport groceries. Warehouses also use artificial intelligence to place the most popular items in a place where robots can easily access them. The Ocado company is now deploying standalone technology to support its successful warehouses for other grocers.
Finally, in 2023 we will move towards more sustainable technologies. Many (if not most) of us are addicted to technology such as smartphones, tablets and computers. But where do the components used to make our favorite gadgets come from? People are going to think more about where rare earth components like computer chips come from and how we consume them.
We also have cloud services like Netflix and Spotify that still run in massive data centers that consume huge amounts of energy.
In 2023, efforts will continue to increase the transparency of supply chains, as consumers demand that the products and services they invest in are energy efficient and support more sustainable technologies.
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