Recent years have seen a period of increased global unrest characterized by pandemics, inflation, geopolitical unrest, supply issues, blockades, etc.
Due to this harsh economic environment, it is an excellent moment to modify how we conduct business and a pivotal time to adopt new technological solutions that aid organizations in navigating these challenging times and utilizing them as a competitive advantage.
Here we examine the technological changes that will impact business in 2023 and recommend that you keep up with them.
Since several years ago, digital twins have positioned themselves as one of the most significant current technical trends, particularly when speaking about the industrial sector. These are not just digital representations of actual things, places, physical systems, or procedures used to produce more accurate goods, save money, or anticipate mistakes. They also open up a wide range of opportunities for evaluating and simulating whether, for instance, the behavior of an industrial facility is appropriate.
Point clouds can be used to digitize physical objects, information can be systematically segmented and tagged, supply chains can be developed and optimized, processes and equipment can be automated using other technologies like artificial intelligence (AI), safety can be increased, quality control can be improved, and predictive maintenance can be improved, among other things.
With the help of this technology, we can alter any digital component we desire until it is optimized and achieves its ideal state in the physical world. It will fundamentally alter how corporate operations are optimized, boost productivity, and significantly reduce costs in a variety of industries, including healthcare, education, aviation, and building and construction.
Blockchain To Redesign Trust
Up until now, two-party internet payment operations have been conducted through an intermediary that verifies the data using a centralized system, which could result in a number of issues. The ultimate control of an organization is now gone thanks to the development of blockchain technology and its decentralized approach, and data is now held in an encrypted and far more secure manner.
Decentralization leads to new forms of commerce, communication, and automation, which has a significant positive impact on the value of digital property.
Gartner predicts that by 2025, the commercial value provided by this technology would increase to more than $176 billion, which is why it has started to be deployed in a variety of sectors rather than being restricted to the financial industry or being more closely tied to cryptocurrencies.
Blockchain is generating new business opportunities, accelerating the transaction verification process, reducing fraud and cyberattacks, and being incredibly effective, dependable, and secure. The need to enhance data tracking, develop new billing systems, host patents, monitor sales processes, protect medical data, etc., will be critical for business operations in the upcoming years.
IoT for a hyperconnected world
We are living in a period when IoT sensors and networks of linked devices are essential for building the metaverse, developing digital twins, enhancing the performance of smart machines, and planning the cities of the future.
In both our personal and professional lives, smart gadgets are becoming more prevalent, but up until now, different platforms or operating systems have caused some communication issues. Therefore, 2023 will be the year that universal standards and protocols are created in order to improve communication.
IoT technology gathers and analyzes the data generated by industrial equipment to offer information on the manufacturing process, enhance productivity, identify new market opportunities and consumer trends, and foster product innovation.
And despite the fact that estimates indicate that by 2023, there will be about 50 million IoT devices in operation, we are still only at the beginning of what is possible. As more data is gathered and analyzed, this will produce a vast network of networked devices that will enhance enterprise security, efficiency, and decision-making.
AI and Security
Securing the data transmitted across smart grids will be one of the important themes for 2023, closely related to IoT devices. Companies will prioritize enhancing these gadgets’ security capabilities, and artificial intelligence will play a key role in this effort.
With the development of 5G, more gadgets will be able to connect and communications will be faster. AI and machine learning enable decision-making processes to be swiftly automated and enable the creation of patterns from incomplete or altered data, bringing a more proactive approach to security solutions.
The algorithms gain knowledge from reliable threat data, which enables them to identify risks more quickly, achieve a low margin of error, foresee potential threats, and assist cybersecurity professionals in developing stronger policies.