With technology-driven changes creating a profound impact on our lives today, we need to take a close look at where the tide is turning next. Here’s a quick snapshot of new-age technology trends brought to you by the CORE Media Group that you don’t want to miss.
Overview
The global technology landscape is becoming more dynamic than ever as disruptive technologies are redefining the way we operate. Business leaders are keen to identify technologies that are relevant to their vision and long-term goals. While the underline metrics could be different for each business, leaders have recognized the need to be on top of their game to ensure that the focus remains strong on being well-equipped and future-ready.
Be it any industry or sector, investment in technology is on the uptick. So, here is your expert guide to never go wrong when it comes to staying relevant with the most dominant trends of the future, both in the Global and Indian context.
We asked industry leaders and digital experts to share their opinions and insights on technologies that have the potential to transform the business landscape in the year 2023. Here are the findings:
Top 5 technologies that will transform businesses this year
● Hyperconnectivity and 5G will become the new favorites for every sector
From agriculture, healthcare, and transportation, to manufacturing, automation, and education, hyperconnectivity will enable seamless processes, faster innovation, and quicker disaster recovery. 5 out of 10 industry leaders who participated in the survey consider hyperconnectivity and 5G to be the game-changers in 2023. This technology will also cause a significant transformation in leveraging practices of industry 4.0 & 5.0 and IIoT and adopting new-age technologies like Metaverse. More importantly, the industry leaders are confident that the advent of 5G technology will open many doors of development for tier 2 and tier 3 cities in India and add a boost to their digital journey.
● Metaverse and Web 3.0 will redefine the way we know the business
Promoted by tech giants like Meta and Microsoft, the Metaverse is a technology on its way to becoming a major attraction this year. It can keep the users constantly engaged, transform the gaming experience, provide a Segway for cryptocurrency and digital payments, and much more, in the near future. With 4 out of 10 digital leaders considering Metaverse to be a crucial technology this year, it is imperative for businesses to adopt it into their ecosystem.
● AI and ML will be the front-runners for 2023 and beyond
From addressing the climate crisis to providing next-generation customer experiences, AI will be omnipresent in the years to come. As data has gone beyond text and expanded across various formats, the need for AI is felt more than ever. Digital leaders from different industries are optimistic about a future where AI and ML will enable unbiased and informed decision-making. AI will also standardize procedures and practices that will align with the industry’s best practices to ensure the highest productivity and optimize resources.
● Edge computing will continue to be a top choice for industry leaders
As network latency issues and cybersecurity continue to be the hurdles in achieving faster deployments and secure data transfer, edge computing is the saving grace for businesses this year. In the survey, we observed that industry leaders are looking up to edge technology to manage their workloads across various cloud platforms and devices, become more flexible towards adopting newer technologies, and secure operations for all teams in the organization.
● Zero-Trust security will maintain its popularity among digital leaders
With new security threats encroaching on applications and data every day, digital leaders are relying on zero-trust security models to keep their users safe from attacks. In addition to keeping the attack surface to a minimum, businesses are seeking solutions to keep disaster recovery procedures more streamlined and error-free.
The Verdict
In our view, business leaders should embrace emerging trends, but not at cost of sustainability offered by conventional trends. While the investments can be more inclined toward pioneering technologies, old friends like AI and Automation can keep the operations running smoothly. In the Indian context, Hyperconnectivity &5G, Web 3.0, Edge Computing, IIoT, and Metaverse are likely to take the lead.
However, we are also curious to know what you think, vote here.
What’s more?
Digital Genius Awards 2022: Encouraging exceptional digital reformers
The Digital Genius 2022 Awards by CORE Media recognized 29 CIOs and IT leaders across eight categories for their exceptional digital strategies and implementation. Take a look.
