What to look for in 2023 in terms of investing in technology
The world is changing because of the new technologies that are coming out. There are many reasons to invest in the technology, such as blockchain, the Internet of Things, cloud-native technologies, and artificial intelligence (AI). These trends will continue to affect the world around us and how businesses and people do their jobs.
Things on the Internet
Several investment trends in the IoT industry, such as connected cars, innovative energy programs, and home automation, are likely to drive growth in the coming years. Between 2019 and 2030, IoT sales are expected to grow at a CAGR of 11.3%. Even though there is still a lot of room for growth in the IoT industry, many businesses have already embraced the technology and are now looking to invest more.
Putting money into the Internet of Things can help you in many ways. There are a lot of different benefits, especially in the public sector and service-based settings. For example, IoT-based apps can let users know when service is down, so utilities can send out help to get customers back online.
The blockchain system
In 2023, cryptocurrencies, especially those powered by blockchain, will be one of the most popular ways to invest in technology. These new technologies will make it easier for people to send money to each other and make it safer. This is likely to make the market for cryptocurrencies grow.
One of the most significant benefits of blockchain technology is that it can help cut costs. As a way to improve security and privacy, many economies around the world are moving away from cash payments. But this gives central banks new things to worry about, such as consumer protection, cybersecurity, and operational risks.
More and more people are using blockchain technology. Especially in Asia and the Pacific, the financial industry is putting a lot of money into permission blockchain networks to streamline internal processes and cut costs. This will probably change how businesses work.
Native cloud technologies
Cloud-native apps are separate services in small containers that can be easily scaled up or down. These apps use container orchestrations to manage the life cycle of containers. Traditional apps, which usually need physical servers and have to be maintained by hand, are less flexible.
Cloud-native technologies are changing how Software is made, and an organization’s IT infrastructure works. Companies can make next-generation apps that run on any platform using cloud-native technologies. They also help organizations build and keep a better environment for teams to work together.
Software engineers used to working in the cloud have never been more in demand. These IT professionals need to have worked with Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS) (PaaS). In a recent survey, 90% of people said that their use of the cloud has grown over the past few years.
AI
In 2023, companies will likely invest in AI technology in various ways. For example, big companies may put a lot of money into AI tools, while small companies may try out the technology. As a result, the trend toward using AI is likely to lead to a significant increase in annual investments, the hiring of new workers, capital investments, and a rise in productivity.
AI can look at a lot of network traffic and learn to spot patterns that indicate something is wrong. Because they can do these things, they will be helpful for network security. By 2023, network security will likely be where AI will have made the most progress.
The number of people using AI technology will also likely grow in developing economies. The technology is already being used in emerging markets, and governments are trying to speed up investment and development. Many are starting big intelligent city projects and putting ICT at the center of their economic plans.
Machines can learn.
AI technologies are changing how we do many things and are already affecting how businesses work. By 2023, more companies than ever will use these technologies. For example, AI-based health care systems will make doctors’ jobs easier by finding early signs of illness. At the moment, doctors have to look at many photos every day and may miss important moments because they are so busy.
AI will be at the center of service operations in 2023. It will do everything from giving instant answers to frequently asked questions to route conversations based on their purpose. This will make customer service a growth driver instead of a cost center after sales. The key is to power AI models with data from CRM. In recent years, there has been less interest in machine learning, which may be because of COVID-19. However, the next three years will be the decade of data-driven products and services.