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Top Technology Predictions for 2023

4 technology predictions for 2023

2023 is in full swing. Remember when we thought we would have flying cars and robots taking over the world by now? Well, those predictions weren’t that far off. We have the car that drives itself, we have robots cleaning grocery store aisles and taking our orders in the drive thru line. That’s just the beginning! 

Analysts at Deloitte have unveiled their predictions for what they believe will be the most important tech trends of the year. Here is what they said…

The Metaverse

GlobalData says that the Metaverse will be worth $376 billion by the year 2025. Even though the consumer Metaverse will still be a top trend to watch in 2023, investors will be less interested in it as the economy declines. Conceptual research shows that the Metaverse won’t have the transformative effect that was promised until it is regulated. This won’t happen in 2023. However, in 2023, the enterprise Metaverse will have changed and businesses will be able to use it for: collaboration, enterprise design, data visualization, product simulation, risk assessment, predictive maintenance, and process optimization through the idea of digital twinning. 

Artificial Intelligence

According to GlobalData’s 2023 TMT Predictions, the artificial intelligence (AI) industry will be worth $93 billion – a 12% increase from 2022. AI is one of the most-anticipated new technologies because it can speed up and improve other technologies: including things like robotics, quantum computing, and the Internet of Things (IoT). In a tech opinion poll done in the third business quarter of 2022, it was found that 57% of those who responded said that AI will live up to all of its promises. 

Cloud Computing

By the end of 2023, the global cloud computing market will be worth $734 billion, which is a 15% increase from 2022. Businesses will keep outsourcing their IT infrastructure to the cloud to save money and have more freedom. Cloud computing is becoming more important for business operations. It will also be a major driver, along with AI, for new technologies like robotics and the Internet of Things. 

Blockchain and Cryptocurrencies

When the leading platform FTX went down in November 2022, it marked the end of a hard year for the $840 billion cryptocurrency industry. This sent shockwaves through the world’s financial system. But the crash of FTX is likely to push the US toward a regulatory framework that will catch up to the EU’s Market in Crypto-Assets regulations by 2023. In 2023, the focus will be on regulating cryptocurrencies so that users’ money becomes safer. For example, they will be required to show proof of funds and not combine their assets with those of other companies. Now that crypto-assets are regulated, the cryptocurrency market will grow and will be utilized by more people.

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It might not be a flying car or a robot that can do your job for you, but it’s safe to say the technology game will stay evolving in 2023. To keep up with current trends, get quick technology tips & tricks, or to further your education on technology related topics, check out our previous blog posts and subscribe to our monthly newsletter. If you are looking to partner with a Managed Service Provider, contact Keystone Technology Consultants today. 

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