In the last few years, there has been a lot of instability around the world, including pandemics, inflation, political unrest, supply problems, blockades, etc.
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This tough business environment has also made it a good time to change the way companies do business and a turning point to adopt new technological solutions that help companies deal with these tough times and use them to their advantage.
We talk about the tech trends that will change businesses by 2023 and that you should pay close attention to.
1. Digital Twins
Digital twins have been making a name for themselves as one of the most important technological trends right now, especially in the industrial sector, for several years. These aren’t just digital copies of real objects, spaces, physical systems, or processes that can be used to make products that are more accurate, cut costs, or predict mistakes. They also make it possible to check and simulate the behavior of an industrial plant, for example, to see if it is acting correctly.
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From point clouds, you can digitize physical objects, divide and tag information, create and improve supply chains, automate processes and equipment with other technologies like AI, improve security, improve quality control, predict maintenance, etc.
With this technology, we can change the parts we want to change in the digital world until they are the best they can be. It will change everything about how to improve business processes, make them more efficient, and save money in industries like construction, aviation, healthcare, education, and many more.
2. Blockchain to Redesign Trust
Up until now, online payments between two people had to go through a middleman who checked the information through a centralized system. This could cause a lot of problems. But since blockchain technology and its decentralized model have come along, the final control of an organization has been taken away, and data is now stored in a way that is encrypted and much safer.
Decentralization opens up new ways to communicate, do business, and buy and sell things. It also makes automation easier, which will be a huge boost for digital property.
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Gartner predicts that by 2025, this technology will add more than $176 billion to the global economy. This is why it is no longer just used in the financial sector or with cryptocurrencies but is starting to be used in other areas as well.
The blockchain is giving people new ideas for businesses. It also speeds up the process of verifying transactions, stops fraud and cyberattacks, and is very efficient, reliable, and safe. This is why it will be so important for businesses in the coming years to improve data tracking, make new billing systems, house patents, track sales processes, protect medical data, etc.
3. IoT for a Hyperconnected World
We are living in a time when IoT sensors and networks of connected devices have become a key part of making digital twins, building the metaverse, making intelligent machines work better, or designing the cities of the future.
We use more and more smart devices at home and at work, but different platforms or operating systems have made it hard for us to talk to each other. So, 2023 will be the year when global standards and protocols will be made so that people can communicate better.
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IoT technology collects and analyzes the data that industrial machines send back so that it can be used to improve efficiency, save money on production costs, find new business opportunities and consumer trends, or make products that are more innovative.
Forecasts say that by 2023, about 50 million IoT devices will be in use. This is just the beginning of what can be done. So, as more data is collected and analyzed, it will be possible to build a huge network of devices that work together to make businesses safer, more efficient, and better able to make decisions.
4. AI and Security
One of the big trends for 2023 will be to protect the data that is sent between smart networks. This is closely related to the Internet of Things (IoT). Companies are going to put a lot of effort into making these devices safer, and artificial intelligence will be a big part of that.
With the rise of 5G, we can not only talk to each other faster but also connect more devices. AI and machine learning make security solutions more proactive and allow quick automation of decision-making processes and the creation of patterns from data that is incomplete or has been changed.
Algorithms learn from real data about threats. This makes it possible to find threats faster, with less room for error, to predict possible threats, and to help cybersecurity experts build more reliable protocols.
Plain Concepts has worked on a project that uses reinforcement learning techniques to run different tests, learn to attack, test our clients’ security systems, and learn from their own mistakes so that the systems are much better prepared. We are also an Implementing Entity of Guides for the National Cryptological Center of Spain. This means that we are key players when it comes to implementing solutions that respond to security incidents, improving the country’s cybersecurity, and making cyberspace safer and more reliable.
5. Quantum Computing
It is also one of the trends that have been growing the most in the past few months, and it will change almost every part of our lives.
It is a way to do computing that uses quantum effects like superposition and entanglement. It can be used to stop the spread of diseases like the coronavirus, make new vaccines, and handle risk and fraud in the financial sector, among other things.
The main thing that makes this trend stand out is that quantum computers are much faster than regular computers. Because of this, big companies like Microsoft, AWS, and Google are putting a lot of effort into coming up with new ideas in this field. In fact, by 2029, its global market is expected to bring in more than $2.5 billion.
Another trend that keeps coming up in talks about the future of the tech industry is the rise of artificial intelligence. This environment has a lot of economic potentials. By the middle of this decade, it is expected to be worth 800 million dollars, and by 2030, it will be worth two and a half trillion dollars. Even though Meta is having trouble making its plans come to life, the metaverse as it was originally envisioned can give companies a lot of chances to improve their social presence, remote work, payments, healthcare, product sales, and so on.
Many companies are already using this environment to improve their products, change how their brand is seen, or connect with their customers. One of the biggest hopes for the sector and for what is called “Industry 5.0” is the industrial metaverse. There are a lot of ways to use it, like capturing and digitizing the real world, understanding and enriching data in virtual environments, or reaching long-term goals by reducing costs.
This digital universe that mixes virtual and real reality in a shared online space still has a long way to go, but it is clear that it will completely change how we work, shop, and have fun, and we have already started to see some of its capabilities.
It comes about when an app, a platform, and a digital ecosystem are all put together in the same app. It would be like a Swiss Army knife, which has a lot of tools that all do the same thing and can be used or taken off depending on the user’s needs.
They run on a single platform that offers many services and lets you make personalized, engaging, and far-reaching user experiences. In fact, they let you combine business experiences for mobile and desktop, like workflow, collaboration, and messaging platforms.
Over time, they will be able to support chatbots, technologies that power the Internet of Things, and immersive experiences like the metaverse.
8. Robotic Process Automation (RPA)
RPA automates business tasks like interpreting applications, processing transactions, handling data, and even responding to emails. It has close ties to artificial intelligence and machine learning.
Its main benefit is that it automates tasks that employees used to do over and over again. This frees them up to work on more creative and useful tasks. It also saves money, makes more money, shortens the time it takes to do long tasks, and makes mistakes less likely.
So, it helps companies make the most of their employees’ skills and is very useful for collecting and storing different kinds of data in fields like finance, customer service, and human resources.
9. New Energy Solutions
The energy crisis we are going through makes it even more important to find business models that are better for the environment. By putting them together, we can come up with new ways to lessen our dependence on hydrocarbons. So, technology can be used to change the situation.
Artificial intelligence is very useful, especially for improving the benefits of renewable energies like wind and solar through predictive maintenance. Strange things can be found and failures can be predicted before they happen. This saves a lot of money.
Green hydrogen is also one of the best hopes for the energy transition and for cutting down on the amount of pollution that industries like transportation make. Or floating wind technology, which takes advantage of the wind while bringing energy production closer to places where people use it.
10. Sustainable Technologies
It was also on our list of tech trends for 2022, and that’s because it’s become a trend in and of itself that includes many others.
In the past few years, we’ve seen a lot of companies change how they run their businesses. For example, they’ve focused on reducing CO2 emissions and being able to track them, moving to the cloud, optimizing and automating processes, etc.
With the help of AI, blockchain, cloud computing, augmented reality, robotics, and many other technologies, a greener and more sustainable future can be made without sacrificing business growth or efficiency.
Plain Concepts is always up to date on the latest technology trends, so if you are looking for a specific innovative model that will help your business or if you want to start a full digital transformation, you can count on us. We have many digital solutions for all kinds of businesses, and we can help you find the one that works best for you.