Looking Forward to 2023: Time For a Big Change?

“The advance of technology is based on making it fit in so that you don’t really even notice it, so it’s part of everyday life.” — Bill Gates

Is 2022 gone already? From layoffs left, right, and center to the FTX fiasco, the past year has been a whirlwind of a ride. The world of work is changing fast, and in turn, this is redefining the impact technology has on our lives.

Tens of thousands of Twitter employees left after Elon Musk’s takeover- news that took social media by storm. Masses were quick to make intriguing predictions and we all know what most people thought.

Now, let’s see what 2023 has in store for us. Most of us have probably walked into this year with excitement and high expectations. How is tech evolving further? What are the latest updates? Let’s find out!

Microsoft plans to add Chat GPT to Bing

According to Satya Nadella, CEO of Microsoft, “AI capabilities will “completely transform” all of Microsoft’s products.”

One of the most surprising headlines of the season — Microsoft is planning to redefine the term “search engine.” How is this? The tech leader will incorporate Chat GPT technology into Bing. Also, the list includes PowerPoint, Excel, and Microsoft Word. This establishment has left some users already intrigued.

What will be the biggest advantage of OpenAI’s GPT technology? Microsoft aims to uplift the search experience for users by generating human-like text! In addition, Microsoft will be getting 75% of OpenAI’s profits. Sounds like a decent margin, doesn’t it?

Is Apple introducing new smart home devices?

Are you ready for Apple’s latest move? The powerhouse is planning to make a mark in the smart home products market. Word is that the new tablet can control thermostats, lights, etc. Sounds exciting, doesn’t it?

“Let’s go invent tomorrow rather than worrying about what happened yesterday.” — Steve Jobs

These products are proof that Apple is still going by these inspirational words. When it comes to innovation and impressing customers, the brand doesn’t seem to stop. Apple’s home kit is paving its position as the most popular smart home ecosystem of 2023 apart from Google Home or Amazon Alexa.

However, this fascinating collection doesn’t end here- there’s much more. The new home pod speaker and Apple tv set-top box are also a part of the list. For example, Apple lovers will be waiting in anticipation for this line of products. So, what do you think is next for Apple?

5G is the future

To call it a ground-breaking change in history would be an understatement. 5G has revealed several possibilities for telecommuting.

To describe it even better, 5G will play a crucial role in boosting the digital economy. IoT devices will be entirely relying on 5G to transmit data, and it will become a global force in no time! No matter how many devices you connect, the speed of 5G remains consistent. Let us not forget the advantages of more reliability and extra-fast download speed.

Huawei’s Rotating Chairman, Ken Hu, described it the best, “5G will start a technology revolution.” Not only will it make the internet more accessible, but computing power will also be more affordable.

Are layoffs creeping into 2023?

2022 was the year of unexpected layoffs. Resume builder confirms that “when it comes to 2023, 61% of business leaders say their organizations will likely have layoffs in the new year.” That is a huge chunk, isn’t it? Microsoft and Google started the year with tens of thousands of job cuts.

What does this tell us about recruiting strategies? The companies did quite a lot of over-hiring. Most of this recruiting was done during the pandemic period when businesses came under stress as a result of extra burden.

Now, the startup climate is rather volatile. If you read through the experiences of employees on LinkedIn, it feels terrifying. Gen Z and millennials have also taken to TikTok to share their stories. However, the positive side to this is that the market is booming with tech talent, ready to be explored and hired.

The future of blockchain

The crypto exchange market might still feel the after-effects of the FTX collapse. Now, where does this situation leave blockchain? Now, more thought and effort will be put into regulations as well as checking to prevent mishaps in the coming years.

However, this does not mean that investments will stop. NFT and Defi will keep on evolving even further with security modifications. The NFT market will be taking over different chains. Let us not miss out on Tokenization and how it is gaining momentum.

What does asset tokenization mean? With tokenization, you can change physical or digital assets into tokens. The application will be seen in stocks, real estate, bonds, etc.

What’s next for green technology?

You might think green technology is a new topic but it isn’t. Climate and environmental changes have been key factors in pushing companies to think about a solution. Therefore, scientists and experts have been working on developing alternatives to fossil fuels for quite some time.

The green technology sector is growing fast. Here’s to 2023 becoming the year of sustainability. Finally, people are moving away from carbon and embracing considerably less harmful replacements such as “green hydrogen.” The most interesting thing about this renewable energy source is that it can be transported over long distances.

McKinsey estimates that the switch from fossil fuels to renewable energy will help economies save $12 trillion globally by 2050. From low-carbon construction, to waste management and upcycling — days of making excuses for pollution will slowly become history.

Metaverse

AI is everywhere. How does Meta keep up with this trend? Like other tech giants, Meta continues to invest millions into Metaverse spaces. Companies are taking advantage of VR and AR for training and education.

What is it that is pulling people towards Metaverse? It has allowed people to make stable income streams within the virtual realm. Metaverse is all about user experiences, and how to optimize them and thus create an effective sales funnel for brands. What is the most suitable way to describe “Metaverse”?

A replica of the real world, a 3D model of the internet, or a network of virtual worlds, all these phrases explain the essence of Metaverse beautifully. What transformation will Metaverse experience in 2023? More enterprises are coming up with techniques to work with Metaverse. Plus, there will be more focus on security, digital assets, and the relationship of 5G with Metaverse.

Let’s talk about super apps

Ever heard the term “super-app”? WeChat is an example of a super-app. Did you know that the earliest version is as old as 2011? Now, WeChat has indeed come a long way and has over 1 billion, monthly users.

Even Elon Musk himself was impressed by WeChat and this is what he had to say during an interview with the Tesla owners of Silicon Valley, “My idea would be like, how about we just copy WeChat?” In short, he was rather captivated by the multi-purpose application.

A super-app is an all-for-one application that provides a range of services from communication to financial transactions. The concept itself is proven to be a successful example — one in three people are now super app users.

Quantum computing wave

Are you interested in Quantum theory? If yes, then you’d be happy to know that Quantum computing is the next big trend. Globaldata highlights that the quantum computing market will reach $1 billion and $5 billion by 2025.

Big firms such as IBM and Microsoft are experimenting with quantum computing to run successful algorithms. The main goal of this is to devise systems that are less prone to error and utilize machine learning to address difficult problems. Quantum computers use Qubits or Quantum bits which have an entirely different way of functioning.

Quantum computing can assist in fraud detection, partnering with pharmaceutical companies, and even contributing to improving national security.

Have you heard of RPA?

Who doesn’t want to maximize business efficiency? With Robot Process Automation, humans can replace repetitive yet mundane tasks. With detailed automation, software robots navigate those applications. Of course, with RPA, there is no risk of errors.

Be it account management, customer relationships, or even workload handling, Robot Process Automation can all the nooks and crevices of work stress. Moreover, it reduces the cash that would otherwise be spent on hiring help. All-in-all, there is no stopping RPA expansion- it will only get more popular in the workplace environment.

The robot takeover

“We are fascinated with robots because they are reflections of ourselves.” Ken Goldberg

Since the release of the ATLAS robot in 2013, engineers have been experimenting and creating more complex robots. You can call this year the beginning of the rise of machines!

The United States, China, Canada, and the United Kingdom are some of the countries that are quick to embrace AI. Robots will bear more similarities to humans, spooky isn’t it? Robots will be carrying out manual work such as manufacturing, logistics, greeting, etc.

Analytics insight states that humanoid robots will grow ten times by 2023. Not only this, robots will work alongside humans to improve safety and provide more flexibility. Some other famous robots include Sophia, Nadine, and Kime.

Let’s learn a bit about Sophia, she is the first robot citizen. What is even more enthralling is that Sophia was modeled after popular personalities such as Audrey Hepburn and the Egyptian queen, Nefertiti. She received a whole lot of media coverage.

Conclusion

The fourth industrial revolution is happening. Technological trends continue to surprise us yet amaze us at the same time. Plus, these ground-breaking transitions are not only restricted to our day-to-day routines. Education, businesses, and retail — these advances are already actively impacting these industries.