Five tech trends to watch in 2023

 

As new technologies are made, innovations in the use of technology is quickly changing the way organizations run and our interactions with one another. Increases in computing capacity as well as information capture and connectivity are driving this transformation. Below are 5 areas to keep an eye on in 2022 and beyond...

Artificial intelligence

AI refers to machines that have human traits - speaking reading and being able to see and even recognizing emotions - accomplishing tasks while "learning" through repeated interactions. Utilizing algorithms that adjust to changing environments, speech patterns or user history, machines are able to perform tasks that can be dangerous or time-consuming, with greater accuracy or more quickly than humans.

In a couple of years, experts predict that every software application will utilize AI at some point in the next few years, as per US studies and consulting firm Gartner. It is important to note that AI can be used to continually improve the quality of products and services, giving you a competitive advantage over rivals that's not readily copied. The most important question to ask yourself is : how can AI aid my business?

Augmented reality

Systems that incorporate real-time 3D vision and audio, touch (the sensation of touching) and location information and additional senses like smell allow users to be immersed in and then react to the environment happening around them and modify their virtual surroundings in real-time. Organizations are increasingly utilizing these technologies across a broad variety of human activities including arts and entertainment to education, commerce and even the army. It is used to educate nurses, doctors as well as instructors and the police and is expected to soon be accessible via your smartphone. Would you consider using AR to improve the efficiency of your internal stakeholders? Or aid in communicating with your customers?

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Blockchain

The rise of digital currency Bitcoin have attracted interest in Blockchain technology, however this secure method of recording and validating transactions and keeping records that are trusted could disrupt businesses of all kinds. Businesses use Blockchain technology to revolutionize slow-moving centralised, insecure and more vulnerable systems. Digital democratic platform MyVote For instance, MyVote utilizes Blockchain to keep track of the personal information of its users and their voting history, giving the citizens more control in the process of governing. Can you make use of Blockchain to ensure your data is safe?

Automation

The use of robots in manufacturing dates in the early 1960s. It's the magnitude and magnitude of the change that automated systems enable through other advancements with machine-learning and connectivity, for instance which puts automation at the top of technology advancements. From home-based devices that are convenient or industrial solutions on an enormous size, automation will become an important technology-driven change that could have far-reaching economic and social implications.

Professional services like law and finance industries are being affected by automation, with feedback from these areas indicating that the core technical skills along with management and people skills are more crucial than ever before. What are the implications of automation for your business?

Internet of Things

Gartner describes the combination of technology and the interconnection of devices, people as well as content and services as the "intelligent digital network." This is the base for new platforms, models for business, and possibilities that could change the way we live and work , with implications that go beyond technology and include disciplines like economics, law, and politics.

It's still yet to be seen how the applications of IoT strategy, however it is evident that opportunities are available for those who have the technical expertise to connect different platforms and those who have the skills for data analysis to use the wealth of data produced through IoT applications. What can you learn from connecting and analysing data from your products or other elements of your core business operations?

Are you looking to enhance your skills?

In a postgraduate program at UTS you'll acquire the traits that will allow you to become agile, seek out opportunities to be innovative and challenge and become an effective project manager. Additionally, you'll have the chance to develop expertise in technology for example, data analytics based on your interests.