5 Tech Trends this New Year

Eleanor Milner
Media Assistant
January 30, 2023

2022 saw the rise of Machine Learning (ML) to edge computing and virtual reality, but what about this year?

Why is it important to keep on top of tech trends?

Technology is at the heart of modern business operations, and keeping it running smoothly and efficiently helps achieve outcomes and meet customer needs. Falling behind in the tech world could put your organisation at a disadvantage. Here are 5 tech advances to keep your eye on this coming year.

Artificial Intelligence (AI)

BearingPoint surveyed over 1,200 technology consultants and found that AI is still in the top tech trends list, but may have an different focus in 2023. For instance, it has been proposed that there will be a major spike in the use of AI in a variety of applications as more companies move into the AI space and the API becomes increasingly available. Meanwhile Gartner predict that AI could be used to support governance, trustworthiness, reliability and even data protection, as the use of AI controls can help with privacy and ethics issues. It has been predicted that the AI market could grow to a $190 billion industry by 2023 as it continues to spread across new sectors, jobs, testing or development, also becoming a useful skill to secure top paying jobs.

Metaverse

What is the metaverse? The metaverse looks at blurring the lines between the physical and the digital, creating a ‘single, shared, immersive, persistent, 3D virtual space’. It has been predicted that during this year, developments within the metaverse may see enhanced and realistic avatar technologies becoming more immersive. For businesses, Forbes report that the Metaverse will also become advantageous for organisations, helping create a more remote, efficient and intelligent workflows.

Sustainable Technology

With climate change remaining one of the greatest threats we currently face, more consumers are beginning to take into consideration sustainability with their consumption, purchases, and businesses relationships. Gartner expects sustainable technology solutions to be in the top 5 priorities for organisations this year. Thereby, having more sustainable technology will not only help organisations meet sustainability goals but provide a competitive advantage.

Find out more about our sustainability initiatives here.

Automation

Repetitive tasks you may find yourself spending hours working on could become automated. It has been reported that 50% of today’s work activities could be automated in the next few decades, resulting in changes to the future of work, labour costs as well as public policy. Automation could enhance workflows in manufacturing, municipalities or aerospace.

Furthermore, ‘hyper automation’ is on its way – a new wave of automation that has been building momentum over recent years. Defined by Gartner as a ‘business-driven, disciplined approach that organisations use to rapidly identify, vet and automate as many business and IT processes as possible’.

Video Collaboration Developments

Due to the pandemic, OKTR found that in 2020 alone, Microsoft Teams experienced a 3,891% growth rate between February and December and as hybrid working is here to stay, it makes sense that video collaboration is too. Video conferencing has multiple benefits for organisations such as saving resources, increasing productivity as well as creating more consistent, accurate records. It has also been suggested that development of the Metaverse could influence the way virtual meetings work. While it still may be in early development, the Metaverse could see businesses host meetings with employees based remotely worldwide.