Every year brings a new wave of trends, discoveries, and innovation, and 2023 will be no exception. In 2022, we saw a cryptocurrency exchange collapse, advances in AI, and significant layoffs in the tech industry. And although there was some setback, tech always finds its way forward through innovation resulting in exciting opportunities within the industry. We share what is expected to be the top tech trends of 2023.
Decentralization coming into focus
Decentralization has made an everlasting impression across many industries. Although it has been around much longer, our first dive into decentralization as a society was when blockchain (crypto) exploded around the globe. We expect decentralization to continue spreading beyond crypto as Web3 picks up steam. Web3 has been brewing for years and pushes to bring more power to consumers by creating an internet that is more than read/write. Businesses and consumers alike have been dipping their toes into decentralization over the last decade in order to wrap their heads around the risk/reward. As such, we expect to see more investments in the space as 2023 continues.
Sustainability- a priority
If you’ve kept up with the last few years, you know that corporate sustainability and responsibility are at the forefront of many governments’ and corporations’ agendas. A new focus has been environmental, social, and governance (ESG), which is a framework for organizations to be conscious and accountable for their direct and indirect environmental impact. EGS has gained traction in many corporations, and we expect it to continue. The basis of ESG is important because tech usage contributes heavily to emissions, depletion of resources, and hazardous waste, to name a few factors. Tech executives will have to discover ways to lower their companies’ carbon footprint, such as renewable energy, as a way forward. In a path to reach sustainability, we can expect roles in ESG, infrastructure, and supply chain, amongst others, to climb in 2023.
Flexibility demands continue
One can argue that one of the most lasting effects on businesses during the pandemic was the extension of remote work. A significant portion of the workforce set up shop in their homes and went to work. Just like 2022, 2023 will continue to see a demand for flexible work opportunities. As a recent report stated, “over two-thirds of job candidates who currently work onsite would prefer to work in a hybrid or remote model, while 97% of hybrid or remote workers prefer working in hybrid or remote models.” With statistics like these, business leaders can expect pushback on RTO strategies. Companies that allow for remote work or a hybrid schedule open the doors to more talent across their physical boundaries. Winning talent and keeping retention high is an expected outcomes of flexible work.
AI adapts
What was once only dreamed of in sci-fi is now our reality. As tech advances, we have witnessed AI come to life. In recent years, adaptive AI has advanced in such a way that its impact on society is imminent. As described by Gartner, Adaptive AI is “…unlike traditional AI systems, (it) can revise its own code to adjust for real-world changes that weren’t known or foreseen when the code was first written.” And if the pandemic taught us anything, change happens quickly, and prompt results are imperative for success. In 2023 and beyond, adaptive AI will gain traction throughout the corporate world, maximizing value from collected data and thereby increasing customer satisfaction and revenue.
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