As the world of technology continues to evolve, it’s crucial for enterprises to be at the cutting edge of the trends that will shape their future.
In this blog, we’ll be exploring the most significant technology trends for 2023 that enterprises need to know about.
From the growing, mainstream adoption of AI to the increased focus on data privacy and security, these trends will have a major impact on how businesses operate and compete.
1. The rise of ‘RegTech’Technology that helps to improve compliance with regulatory requirements is going to become increasingly important and valuable in 2023. Known as ‘RegTech’, it has become incredibly important as companies deal with the increasing complexity of regulatory frameworks and the high costs associated with complying. In recent years, there has been a significant increase in investment in RegTech and that growth is expected to continue in the coming years. Some examples of reg tech include:
- Risk management tools These tools use data analytics and machine learning to help enterprises identify and mitigate risks related to regulatory compliance.
- Cybersecurity solutions Technology that can keep hackers away from customer data is becoming important for meeting regulatory requirements around data security.
- Compliance management software This software helps companies track and manage their regulator compliance obligations, keeping track of deadlines and filing requirements.
- Blockchain-based solutions Blockchain can be used to create immutable records of transactions, which can help enterprises demonstrate compliance with regulations such as anti-money laundering laws.
2. AI as a service
Following the mainstream rise of Artificial Intelligence (AI) technology like chatGPT, we will see a growing need for the integration of these services into the real world.
In 2023 we will see greater need for ‘AI as a service’, as more businesses look to leverage the benefits of AI without the upfront investment and technical expertise required to build their own AI systems.
Service providers will offer a range of AI capabilities, including natural language processing, image recognition, and machine learning, which can be accessed through APIs or other cloud-based interfaces.
This will make it easier for businesses of all sizes to incorporate AI into their operations, driving innovation and competitiveness in a variety of industries.
3. Humanoid robotics
The field of humanoid robotics will continue to grow in 2023.
Last year Elon Musk unveiled Tesla’s Optimus humanoid robot, but this is really just the start of what is possible, with strong competition already coming from China.
Similar, and indeed more advanced, robots will be used in a variety of applications within enterprises, including manufacturing, customer service, and healthcare.
Overall, humanoid robotics has the potential to enhance an enterprise’s efficiency, reduce costs, and improve the customer experience within enterprises.
4. Realisation of the ‘true’ value of blockchain
In 2023, there will be a greater realisation of the importance of blockchain for efficient processes and contracts, rather than just its use in currency and financial transactions.
The technology will revolutionise the way many industries operate by streamlining processes, increasing transparency and reducing the need for intermediaries.
Some of the key industries where blockchain is starting to have a significant impact include finance, supply chain management and healthcare.
It’s expected that more enterprises will begin to understand the potential of blockchain and how it can be applied to their specific needs.
5. Event-driven data management
Our growing tendency to record and keep everything will see much more need to manage data at the event level in 2023.
This will see the rise of systems in which data is collected, processed and acted upon in real-time in response to specific events or triggers.
This can be contrasted with traditional data management systems, which rely on batch processing and scheduling to collect and analyse data.
Event-driven data management systems are built to efficiently and quickly process and act on data as it becomes available, providing organizations with the ability to be highly responsive and accurate.
This can be useful in a variety of applications, including real-time analytics, supply chain management and fraud detection.
6. The era of the Space Port
In the same way that every city has an airport, every country will begin to establish ‘space ports’ as the commercial space industry continues to mature.
Space ports will play a key role in enabling the launch and landing of spacecraft, as well as supporting the maintenance and servicing of those vehicles.
It’s likely that space ports will become more specialised, with some focusing on specific types of spacecraft or missions, such as crewed missions to the International Space Station or satellite launches.
How you can adopt technology trends in 2023
Technology trends are constantly evolving and it can be challenging for enterprises to keep up.
However, by working with experts who have a deep understanding of these trends, you can more easily stay ahead of the curve.
The team at rewired.one can help identify the technologies that will have the greatest impact on your operations and provide strategies on how to effectively implement them.
And with a full engineering team, rewired.one can bring your technology plans to life.
If you’re interested in learning more about how rewired.one can help your enterprise, request to book a free discovery session today.
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