Table of Content New Technology Trends For 2023
- Top New Technology Trends
- 1. Computing Power
- 2. Smarter Device
- 3. Datafication
- 4. Artificial Intelligence (AI) and Machine Learning
- 5. Extended Reality
- 6. Digital Trust
- 7. 3D Printing
- 8. Genomics
- 9. Cyber Security
- 10. Robotic Process Automation (RPA)
- 11. Edge Computing
- 12. Quantum Computing
- 13. Virtual Reality and Augmented Reality
- 14. Blockchain
- 15. Internet of Things (IoT)
- 16. 5G
- Frequently Asked Questions (FAQs)
In today’s swiftly evolving landscape, technology is advancing at an unprecedented pace, propelling swift change and progress. This rapid transformation is not limited solely to technological trends; the outbreak of COVID-19 this year has spurred a significant shift, causing IT professionals to recognize that their roles are set to evolve in the face of a contactless future. In the years 2023-24, IT professionals will find themselves in a constant cycle of learning, unlearning, and relearning, driven by necessity if not choice.
The upcoming year 2023 is expected to witness the increased prominence of artificial intelligence, particularly in the domains of natural language processing and machine learning. This progression will empower artificial intelligence to comprehend human interactions more comprehensively and execute intricate tasks with greater proficiency. Moreover, the impending revolution ushered in by 5G technology is set to redefine our lifestyles and work dynamics.
For individuals in this field, the implication is clear: staying attuned to emerging technologies and the latest trends is paramount. Keeping an eye on the future becomes imperative to gauge the skills required to secure a stable position in an ever-changing professional landscape. As a result of the global pandemic, a significant portion of the global IT workforce is now working from home. If you seek to capitalize on your time spent at home, here are the top 18 emerging technology trends to watch closely and explore in 2023. Engaging with these trends could potentially open doors to job opportunities arising from these transformative technological shifts.
Top New Technology Trends
- Computing Power
- Smarter Devices
- Artificial Intelligence and Machine Learning
- Extended Reality
- Digital Trust
- 3D Printing
- Cyber Security
- Robotic Process Automation (RPA)
- Edge Computing
- Quantum Computing
- Virtual Reality and Augmented Reality
- Internet of Things (IoT)
1. Computing Power
In the digital age, computing power has become ubiquitous, permeating virtually every device and aspect of our lives. The trajectory of this evolution indicates that our current computing infrastructure will only advance further in the years ahead, according to data science experts. Simultaneously, while we’ve witnessed the advent of 5G, we are on the cusp of embracing the 6G era, ushering in enhanced capabilities across devices and surroundings.
Interestingly, this surge in computing power is also fueling the growth of technology-related jobs. However, these roles necessitate specialized qualifications from candidates. From data science and robotics to IT management, this sector is poised to drive a significant portion of employment across the globe. As our devices demand greater computing capacities, the corresponding rise in jobs such as technicians, IT teams, relationship managers, and customer care professionals is anticipated.
Within this realm, one crucial domain to explore is Robotic Process Automation (RPA). At Simplilearn, we equip individuals with skills in RPA, a blend of computing and automation software that can pave the way for lucrative roles within the IT industry. Notably, pursuing RPA can open doors to a range of high-demand job opportunities in this dynamic field. New Technology Trends For 2023
- Data Scientist
- AI Engineer
- Robotics Designer
- Robotics Researcher
- AI Architect
2. Smarter Device
Artificial intelligence has transformed our world, enhancing efficiency and simplicity. Beyond emulating human capabilities, AI is driving innovation, particularly through smarter devices. This trend is solidifying its presence in 2023 and beyond, with data scientists developing AI-driven home robots, wearables, and more. The demand for smart software applications is pervasive, streamlining work processes across industries. As businesses embrace digital transformations, proficient IT and automation skills are pivotal for career success. Simplilearn’s RPA course equips individuals with these crucial skills, enabling excellence in fields like IT, marketing, and management. Unlock opportunities in higher-level positions, propelling your career forward.
- IT Manager
- Data Scientists
- Automation Engineers
- Product Testers
- IT Researchers
- Product Managers
Datafication involves converting various aspects of our lives into data-powered entities, encompassing everything from smartphones and industrial machinery to AI-driven appliances. This transformation is leading to an extended reliance on data, creating an enduring need for skilled professionals who can manage and secure it effectively.
This surge in data reliance translates into increased demand for IT professionals, data scientists, engineers, technicians, managers, and more. What’s promising is that certification in data-related specializations is accessible to those with a solid technological foundation. Data-centric roles prioritize skills over extensive qualifications, fostering opportunities for individuals from diverse backgrounds, including emerging leaders from places like India.
You can also harness this trend by enrolling in courses such as RPA, offering insights into automation’s role within the realm of data. As data-driven careers proliferate, equipping oneself with these trending skills becomes a strategic move. Let’s explore some prominent data-focused career paths.
- Big Data Engineers
- Robotics Engineers
- IT Architect
- Business Intelligence Analyst
- Data Scientists
4. Artificial Intelligence (AI) and Machine Learning
Artificial Intelligence (AI) has garnered substantial attention in the past decade, yet its transformative impact on various aspects of our lives is still in its early stages. AI’s prowess in image recognition, speech analysis, and applications like navigation, personal assistants, and ride-sharing is already notable.
AI’s potential extends to analyzing interactions for insights, predicting service demand for sectors like healthcare, enhancing resource allocation, and deciphering customer behavior in real time to drive revenue and personalized experiences.
The AI market is projected to reach $190 billion by 2025, with global spending on cognitive and AI systems hitting $57 billion in 2023. This growth will foster job opportunities in development, programming, testing, support, and maintenance. The sector also offers high salaries, making it a significant technology trend to watch.
Machine Learning, a subset of AI, is gaining traction across industries, leading to a surge in demand for skilled professionals. Forrester predicts that AI, machine learning, and automation will generate 9 percent of new U.S. jobs by 2025, including roles like robot monitoring professionals, data scientists, and automation specialists. This underscores the importance of staying attuned to this evolving trend.
Mastering AI and machine learning will help you secure jobs like:
- AI Research Scientist
- AI Engineer
- Machine Learning Engineer
- AI Architect
5. Extended Reality
Extended reality encompasses a spectrum of technologies, including Virtual Reality, Augmented Reality, and Mixed Reality, collectively simulating alternate realities. This trend is prominent now as it offers an escape from conventional boundaries. Crafting immersive experiences devoid of tangible presence, extended reality finds favor among gamers, medical experts, and the retail and modeling industries.
Gaming stands out within extended reality, fostering careers that hinge on passion rather than extensive qualifications. Pursuits like game design, animation, and editing pave the way for successful careers. Meanwhile, AR, VR, and ER domains also offer promising job opportunities.
- Extended Reality Architect
- Front Lead Engineer
- Pro Gamers
- Creative Directors
- AR/VR Support Engineers
- Game Designers
- Software Developer
6. Digital Trust
As individuals become increasingly intertwined with devices and technology, a sense of trust and confidence in digital technologies has taken root. This familiarity with digital trust propels further innovation, as people believe that technology can establish a secure, dependable digital realm, enabling companies to innovate without apprehensions about public confidence.
Enhancing the safety of the digital landscape necessitates expertise in cybersecurity and ethical hacking. These domains offer a spectrum of job roles, spanning junior to senior levels. Ethical hacking may require professional certifications, while cybersecurity roles can be pursued with diplomas or master’s degrees, opening avenues to lucrative positions. Here are the prime job opportunities in the fields of cybersecurity and ethical hacking.
- Security Architect
- Security Automation Engineer
- Cybersecurity Analyst
- Security Engineer
- Penetration Tester
- Network Security Analyst
7. 3D Printing
A pivotal innovation in the tech realm is 3D printing, a tool vital for crafting prototypes. This technology’s impact spans biomedical and industrial sectors, introducing the concept of printing tangible objects from printers, a notion that was once inconceivable but is now a reality. The permanence of 3D printing is assured.
Industries heavily reliant on 3D printing, such as data and healthcare, offer well-paying, globally accessible job opportunities. Proficiency in AI, Machine Learning, Modeling, and 3D printing is key to excelling in these roles. Discover the prime careers within this specialization.
- CX Program Manager
- 3D Printer Engineer
- Emulation Prototyping Engineer
- Robotics Trainer
- AI Engineer
- Operations Manager
- Organ & Prosthetic Designer
Imagine a technology that delves into your DNA to enhance your health, aiding in disease prevention and more. Genomics embodies this capability, delving into gene makeup, DNA mapping, structure, and analysis. It holds potential to identify diseases and potential health risks through genetic profiling.
Within Genomics, a spectrum of roles exists, spanning technical and non-technical domains. Technical positions involve design, analysis, and diagnostics, while non-technical roles delve into extensive research and theoretical analysis. Explore the leading career opportunities within the Genomics specialization.
- Full Stack Developer
- Software Engineer
- Bioinformatics Analyst
- Genome Research Analyst
- Genetics Engineer
9. Cyber Security
Cybersecurity, while not a novel concept, is evolving alongside other technologies. The persistent emergence of new threats keeps it in a state of constant evolution. The determination of malevolent hackers to breach data security ensures that cybersecurity will remain pertinent. Technological advancements are also being harnessed to fortify security measures.
The demand for cybersecurity professionals underscores its importance, with job growth outpacing other tech sectors by threefold. Gartner predicts that by 2025, 60% of organizations will prioritize cybersecurity risk in their transactions. Despite the challenges, the field offers substantial six-figure incomes, encompassing a spectrum of roles.
- Ethical Hacker
- Malware Analyst
- Security Engineer
- Chief Security Officer
10. Robotic Process Automation (RPA)
Much like AI and Machine Learning, Robotic Process Automation (RPA) is reshaping job dynamics. RPA involves using software to automate tasks like interpreting applications, processing transactions, managing data, and even responding to emails—streamlining once-manual processes.
While Forrester Research anticipates RPA automation affecting 230 million knowledge workers (roughly 9% of the global workforce), this technology is simultaneously generating new roles and transforming existing ones. McKinsey’s analysis indicates that only a fraction of jobs (less than 5%) can be entirely automated, while about 60% can be partially automated.
For IT professionals aspiring to comprehend emerging technology trends, RPA ushers in abundant career prospects, encompassing roles like developer, project manager, business analyst, solution architect, and consultant. These roles offer substantial compensation, with an RPA developer potentially earning over ₹534K annually. RPA’s trajectory makes it a trend worth monitoring closely.
- RPA Developer
- RPA Analyst
- RPA Architect
11. Edge Computing
Once a fledgling technology trend, cloud computing has now transitioned into the mainstream, with AWS, Microsoft Azure, and Google Cloud Platform commanding the market. Although cloud adoption persists, the spotlight has shifted to another innovation: edge computing.
As data volumes surge, organizations recognize the limitations of cloud computing in certain contexts. Edge computing emerges as a solution, bypassing cloud-induced latency by processing data closer to the source. Positioned “on the edge,” it operates in proximity to where computation is required. This approach proves valuable for time-sensitive data processing in remote areas with limited connectivity, functioning akin to miniature data centers.
The rise of Internet of Things (IoT) devices is set to drive edge computing’s growth. The global edge computing market is projected to reach $6.72 billion by 2023. This trend’s expansion is inevitable, generating diverse employment opportunities, notably for software engineers.
- Cloud Reliability Engineer
- Cloud Infrastructure Engineer
- Cloud Architect and Security Architect
- DevOps Cloud Engineer
12. Quantum Computing
Quantum computing stands as the next groundbreaking trend, harnessing quantum phenomena like superposition and entanglement for computation. Its incredible capabilities are highlighted in combating the spread of COVID-19, aiding in vaccine development, and facilitating data analysis from diverse sources. Quantum computing’s applications extend to the financial sector for credit risk management, high-frequency trading, and fraud detection.
Outpacing traditional computers, quantum computers are now vastly faster. Industry giants including Splunk, Honeywell, Microsoft, AWS, and Google are driving innovations in this field. Predictions indicate that the global quantum computing market will exceed $2.5 billion by 2029. To excel in this burgeoning trend, expertise in quantum mechanics, linear algebra, probability, information theory, and machine learning is crucial.
13. Virtual Reality and Augmented Reality
The next remarkable tech trend encompasses Virtual Reality (VR), Augmented Reality (AR), and Extended Reality (ER). VR envelops users in a digital environment, while AR enhances their real-world surroundings. While initially prevalent in gaming, these technologies find applications in diverse fields like training, education, and marketing. For instance, VirtualShip, a simulation tool, trains U.S. Navy and Coast Guard ship captains.
2023 will see these technologies further integrated into our lives, often in tandem with other emerging trends. AR and VR possess significant potential in training, education, entertainment, marketing, and rehabilitation. They could train surgeons, provide enriched museum experiences, amplify theme parks, and revolutionize marketing, as seen with Pepsi Max’s bus shelter campaign.
Intriguingly, 14 million AR and VR devices were sold in 2019. The global AR and VR market is forecasted to reach $209.2 billion by 2023, amplifying opportunities and welcoming professionals into this transformative domain. While optics expertise might be sought by some employers, entering VR doesn’t mandate exhaustive specialized knowledge. Basic programming skills and forward-thinking aptitude can secure a role, making this trend a must-watch for your career prospects.
Beyond its association with cryptocurrencies like Bitcoin, blockchain technology offers versatile security applications. At its core, blockchain is an immutable data structure where data can only be added, not altered or removed—a “chain” of data. Its inability to modify previous blocks contributes to its robust security. Furthermore, blockchains rely on consensus, preventing any single entity from controlling the data. This negates the need for a trusted third party to validate transactions.
Diverse industries are embracing blockchain, driving demand for skilled professionals. A blockchain developer specializes in crafting and implementing architecture and solutions using this technology. A blockchain developer can earn an average annual salary of ₹469K.
For those fascinated by Blockchain’s potential and seeking a career in this trending field, now is an opportune time to start. To venture into Blockchain, hands-on experience in programming languages, object-oriented programming, databases, data structures, web app development, and networking is pivotal. Enrolling in a blockchain training course can equip you with these essential skills.
- Tech Architect
- Risk Analyst
- Front End Engineer
- Crypto Community Manager
15. Internet of Things (IoT)
IoT emerges as a promising tech trend with countless objects integrating WiFi connectivity, making them Internet-connected and part of the Internet of Things. IoT empowers devices, appliances, cars, and more to exchange data over the web.
Consumers already benefit from IoT, remotely locking doors or preheating ovens. For businesses, IoT offers safety, efficiency, and data-driven decision-making. It fuels predictive maintenance, accelerates healthcare, enhances customer service, and promises unforeseen advantages.
This trend’s infancy is remarkable: Forecasts predict 50 billion IoT devices by 2030, forming a vast web linking phones to appliances. Global IoT spending is projected at 1.1 trillion USD in 2023, driven by technologies like 5G.
To delve into this trend, grasp info security, AI and machine learning basics, networking, hardware interfacing, data analytics, automation, embedded systems, and device design expertise.
Following IoT, the next trend is 5G. While 3G and 4G facilitated internet browsing, data services, and enhanced streaming, 5G is set to revolutionize life. It empowers advanced technologies like AR, VR, cloud gaming, and finds applications in factories, HD cameras, safety, traffic control, and retail.
Major players like Verizon, T-Mobile, Apple, Nokia, and Qualcomm are actively crafting 5G applications. Anticipated to hit 4.4 billion subscriptions by 2027, 5G is an emerging trend to closely monitor and embrace.
Frequently Asked Questions (FAQs)
1. What are technology trends?
Technology trends encompass the prevailing innovations and advancements within the tech realm. These trends significantly influence industries, businesses, and societal dynamics, shaping how we interact, work, and live.
2.Why are technology trends important?
Grasping technology trends is pivotal for individuals and businesses, ensuring competitiveness and relevance in a swiftly evolving digital environment. Staying informed about emerging technologies empowers informed decisions regarding tool adoption, process enhancement, and seizing growth prospects.
3. How to keep up with technology trends?
Remaining attuned to technology trends involves following credible tech news sources, subscribing to industry newsletters, attending conferences and webinars, participating in online communities, and perpetually engaging in learning and skill refinement.
4. Tech trends in 2023 – 2024
Key technology trends for 2023 include:
- Artificial Intelligence (AI): AI’s growing sophistication finds application in healthcare, customer service, manufacturing, and more.
- Machine Learning (ML): Enabling computers to learn from data, ML is vital for fraud detection, recommendation engines, self-driving cars, and beyond.
- Blockchain: A distributed ledger tech, blockchain ensures secure, transparent transactions in finance, supply chain management, voting, and various sectors.
- 5G: The next-gen cellular network technology, 5G offers remarkable speed and low latency, fueling AR, VR, and self-driving cars.
- Internet of Things (IoT): A network of internet-connected physical devices, IoT’s expansion drives smart homes, cities, and industrial automation.