The world of technology is always changing and evolving, and that’s not going to stop anytime soon. In the next 10 years, we can expect to see considerable technological advancements. But, as we look to the year ahead, here are the top seven trends we can expect to unfold.
1. Virtual and augmented reality (VR/AR)
Augmented reality is a type of computer-generated imagery in which a user may see a virtual item or picture in the actual environment. This is sometimes referred to as a confusing reality, where users interact with their actual environment while seeing a virtual component.
The most common applications for AR are listed below.
- Virtual tours — Facilities of all types use VR to provide virtual tours of a particular area.
- Medical — Doctors and surgeons utilize AR to better comprehend human anatomy.
- Virtual training — AR may be used to instruct and educate pupils in a variety of fields.
- Construction — AR can be used to construct a 3D representation of a structure or complex prior to buildout to test and verify functionality of the space and equipment.
- Gaming — Perhaps one of the most popular uses of AR/VR is to create virtual environments for video games.
- Google cardboard — This software allows users to experience the natural world through the camera on their smartphones.
2. Artificial intelligence and machine learning (AI/ML)
AI, when combined with ML, enables robots to think like humans and is the next phase in technological advancement. AI is being employed in a variety of applications — the most common ones are listed below.
- Automation — AI can be used to automate a variety of jobs in nearly any industry.
- Medical — AI/ML are being applied in manufacturing environments to develop better medical equipment.
- Chatbots — Using AI/ML companies in all industries can develop computer systems that can converse with users.
- Speech recognition — AI is used to automatically transcribe speech.
- Bot detection — AI is becoming the No. 1 technology to detect bots.
3. Quantum computing
Quantum computing will be one of the most prominent technological developments in 2023. Quantum computers are fundamentally different from the computers we use today. They can execute specialized tasks quicker than traditional computers and store more information. One of the most fascinating aspects of quantum computers is its potential to change the way we solve issues. Though we can expect to see more of it, here are some sectors that are currently utilizing the technology and will continue to expand their use in the future.
- Data security — Quantum computers can encrypt data or conduct sophisticated computations that would take ordinary computers hundreds of years to complete.
- Cryptography — Quantum computers are used to generate complicated cryptographic keys that are resistant to hacking.
- Chemistry — Chemists mimic chemical reactions that would be difficult or impossible to model on conventional computers.
- Medicine — Quantum computing overcomes many challenges in molecular biology and genetics research and testing.
4. Expanded reality
Extended reality is a form of technology that uses VR to create anything from simple, 2D apps and games to full-fledged virtual worlds. The term was coined in 2010 by software entrepreneur Paul Mison and has subsequently been embraced by major technology firms, such as Microsoft and Google. While the term is still relatively new, the technology it encompasses is not.
The 1968 science fiction film “2001: A Space Odyssey” contains one of the earliest examples of extended reality. In the film, astronaut Dave Bowman interacts with a computer-generated hologram of a gorgeous woman via a headset. While this may appear to be a far-fetched scenario, it is not dissimilar to what Microsoft's HoloLens is capable of today. Extended reality is a fascinating new subject that is always evolving. With the rapid growth of technology, we should expect to see even more amazing examples of extended reality in the next years.
While the IoT is still in its early stages, it is being employed in a variety of businesses — the most common applications are listed below.
- Automobiles — Cars and trucks can now link to the internet, enabling remote repair and monitoring.
- Health care — IoT devices are used to monitor patients and keep them safe and healthy both in the hospital and at home.
- Smart homes — IoT-enabled devices automate household activities and provide easy functionality. For example, thermostats, lights, locks, etc., can be programmed or adjusted remotely
- Businesses — Businesses of all types turn to IoT devices for a number of functions, including security, communications, and environmental monitoring.
- Education — Internet of Things devices may be used to teach youngsters about their surroundings. While the name "Internet of Things" has been around for quite some time, the concept is still being explored.
There's little doubt that robots will be one of the most popular technological trends in 2023. An increasing number of organizations are utilizing robots to automate production line activities, increasing productivity and accuracy while freeing up human staff for other duties.
The growing popularity of collaborative robots, or cobots, is one of the most significant developments. These are intended to operate alongside people in factories, warehouses, and other industrial settings. According to a Tractica analysis, the market for cobots will expand from $285 million in 2016 to $2.3 billion by 2025.Another emerging trend is the increased usage of robots in health care. Robots are already being employed in hospitals for a variety of duties ranging from medication delivery to surgery. Nursing homes and other health care facilities are beginning to deploy robots to assist in patient care as well.
Service robots are another rapidly expanding field, as they may assist in a number of contexts, such as hotels, restaurants, and retail stores.
One of the most popular blockchain innovations is decentralized apps (dApps) — computer programs that run on decentralized networks, such as Ethereum. They provide enhanced security, transparency, and resistance to censorship.
Atomic swaps provide a method of trading cryptocurrencies that does not require the involvement of a third party. Two parties can trade cryptocurrencies directly with each other via atomic swaps without the need for an exchange. This technology is substantially faster and more secure than previous methods, and it has the potential to significantly lower transaction costs.
Initial coin offerings (ICOs) have become a popular way for blockchain firms to generate capital. In the conventional financial sector, an ICO is akin to an initial public offering (IPO). A blockchain firm, on the other hand, offers digital tokens in exchange for bitcoin rather than shares.