New Technology Trends in 2023

We live in an age called the information age. Every day new technology emerges to make life easier, more advanced and better for everyone. The speed of technological development today is almost exponential. For business organizations, new technology helps reduce costs, improve customer experience and increase profits. By 2030, almost 50 billion devices will be connected to the Internet. The COVID-19 pandemic is accelerating the digital transformation of companies, so this goal is closer than expected. Keeping up with the latest IT technology is key to advancing your career and discovering new opportunities.

Here are some of the Latest Top Technology Trends for 2023:

• 1. Artificial Intelligence (AI) and Machine Learning (ML)
• 2. Robotic Process Automation (RPA)
• 3. Edge Computing
• 4. Quantum Computing
• 5. Virtual Reality (VR) and Augmented Reality (AR)
• 6. Blockchain
• 7. Internet of Things (IoT)
• 8. 5G
• 9. Cybersecurity
• 10. Full Stack Development
• 11. Computing Power
• 12. Datafication
• 13. Digital Trust
• 14. Internet of Behaviours
• 15. Predictive analytics
• 16. DevOps
• 17. 3D Printing
• 18. AI-as-a-Service
• 19. Genomics

1. Artificial Intelligence (AI) and Machine Learning (ML)

Artificial intelligence, also known as AI, started gaining popularity a decade ago. It has not slowed down yet and will remain one of the leading technologies in 2022-2023. Artificial intelligence is constantly evolving and newer applications of this emerging technology are constantly emerging. Today's most popular AI applications include image and speech recognition, navigation apps, voice assistants like Siri and Alexa, and more.

Organizations want to use artificial intelligence to analyze customer and business interactions to gain insight and identify triggers. This helps predict demand for services such as hospitals or tourism and helps improve the allocation of resources to different projects. Machine learning (ML) is part of artificial intelligence and uses supervised learning to learn new features. The demand for experienced professionals has grown tremendously, making it attractive to watch. According to Forrester, AI and machine learning will account for 9% of all new jobs in the US by 2025.

2. Robotic Process Automation (RPA)

Robotic process automation (RPA) uses a variety of software and applications to automate business processes such as data collection and analysis, customer service, and other repetitive tasks that were previously handled manually.

Like artificial intelligence and machine learning, RPA is a rapidly evolving technology that automates many jobs in various fields. McKinsey analyzed that today less than 5% of jobs can be fully automated, but almost 60% can be at least partially automated. RPA offers several new career opportunities and paths, such as developer, project manager, business analyst or consultant. It also opens doors to high-paying jobs with moderate learning in leading organizations. Choosing this emerging technology as a career can pay off big for you.

3. Edge Computing

Today, millions of data points collect user data from various sources such as social media, websites, emails and web searches. As the amount of data collected explodes, other technologies such as cloud computing fall behind in many situations. Just a decade ago, cloud computing was one of the fastest growing technologies. However, it has become quite mainstream, with big players like Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform dominating the market.

As more and more organizations adopted cloud computing, they found several limits of the technology. Edge Computing helps avoid the latency caused by cloud computing and helps organizations get data into the data center for processing. It can be "on the edge" in the sense that it is closer to where the computation will eventually take place. Edge Computing is used to process time-sensitive data in remote locations with limited or no connectivity.

The application of Edge Computing continues to grow as IoT devices proliferate. Its market share is expected to reach $6.72 billion by 2022.

4. Quantum Computing

Quantum computing is a type of computing that focuses on the development of information technology based on the principles of quantum theory. This theory explains the behavior of energy and materials at the atomic and subatomic level. In other words, it makes calculations based on the probability of the pre-measurement state of the object, not just zeros and 1s.

Quantum Computing can easily query, analyze and act on the given information, regardless of the source. It has played an important role in the prevention of COVID-19 and the development of new vaccines. These computers are exponentially faster than regular computers. The quantum computing market is expected to exceed $2.5 billion in revenue by 2029.

To enter this field, you need experience in quantum mechanics, linear algebra, machine learning, and information theory.

5. Virtual Reality (VR) and Augmented Reality (AR)

VR and AR have been popular for almost a decade. Virtual reality immerses the user in a new environment, while augmented reality enhances the user's existing environment. While their applications have so far been mostly associated with gaming and social media filters, simulation software such as Virtual Ship is also used to train captains of ships in the US Navy, Army and Coast Guard. In 2019, whopping 1million AR and VR devices were sold. The global market for this trendy technology is predicted to reach $209.2 billion by 2022, which means more job opportunities for professionals in the field. By 2022, AR and VR are expected to be much more deeply integrated into our daily lives than today. They have enormous potential and potential applications in education, entertainment, training, marketing and therapy or post-injury rehabilitation. It is also widely used by advertisers and brands to create new immersive experiences for their customers.

Starting a career in VR or AR doesn't require too much specialization. Basic programming skills and forward thinking combined with an optics like skill will help you easily get a job in this field.

6. Blockchain

Blockchain has been popularized in relation to cryptocurrencies and Bitcoin and the security they provide. However, it provides security that can be useful in many other ways. Blockchain can be defined as data that you can only add to, not remove or change. This results in a lot of information forming a "chain", hence the name Blockchain. The fact that existing data cannot be changed or deleted makes Blockchain a very secure technology. Blockchains are consensus-based, which means that no single person or organization can control the data. No third party is required to track transactions.

As more and more industries adopt and adopt blockchains, the demand for skilled blockchain developers has also increased. It requires hands-on experience in programming languages, basic knowledge of OOPS, flat and relational databases, data structures, networks and web application.

7. Internet of Things (IoT)

It is one of the most promising technologies of the decade. Many devices or "things" these days are WIFI-enabled, meaning they can be connected to the Internet. The Internet of Things is a network of different connected devices. Networked devices can communicate with each other, collect data and transmit it over the network without human intervention.

There are hundreds of real-world applications for the Internet of Things (IoT), from monitoring activity with smart devices connected to your phone to remotely monitoring home doors or turning applications on and off. Businesses also use IoT for many things, such as monitoring activity at remote locations from a central hub and predicting equipment malfunctions so that corrective action can be taken before it's too late.

It is predicted that by 2030, more than 50 billion devices will be connected via the Internet of Things. Global spending on this latest technology is estimated to reach $1.1 trillion over the next two years. IoT is currently in its infancy and will develop rapidly in the near future. This requires knowledge of the basics of artificial intelligence and machine learning, as well as information security and knowledge of data analytics.

8. 5G Technology

5G technology could change the way we see the online world. 3G and 4G technology has changed the way we interact with mobile devices, enabling faster internet browsing, access to data-based services and increased streaming bandwidth.

5G aims to transform virtual communication by integrating AR and VR technology and better cloud-based gaming experiences. It is also used in factories and companies to control and improve operations. 5G also has applications in traffic safety and law enforcement, smart grid management, and smart retail experiences in the form of real-time high-definition cameras. Telecommunications companies around the world are working to create 5G-ready services and devices. The technology was announced and launched in select locations in 2020, with a global launch expected in 2022. The launch of 5G has been delayed for some time, but it should reach the world quickly.

9. Cybersecurity

Since the dawn of computers, cybersecurity has played an important role in ensuring a safer user experience. This is not a new trend, but as technology evolves rapidly, cyber security measures must be constantly updated and improved. The number and intensity of threats and hacking attempts are increasing, which requires improving security protocols and strengthening systems against malicious attacks. Data is the most valuable asset these days and hackers are constantly trying to steal data. Therefore, cyber security is always a trending technology and must be constantly developed to stay ahead of hackers. Demand for cybersecurity professionals is growing three times faster than any other technology job today. More and more companies are realizing the importance of this, resulting in businesses spending an estimated $6 trillion on cybersecurity by 2022.

Cybersecurity jobs range from ethical hackers to information security engineers and security managers. The salary is significantly higher than other tech jobs because of its importance in ensuring a secure user experience.

10. Full Stack Development

This is one of the latest trends in the software industry that has taken off. This will continue to grow as IoT becomes a mainstream technology with various applications. Full stack development includes front-end and back-end development of applications and websites.

Organizations are developing more user-friendly and comprehensive applications for their target audience. For this, a full-stack developer must have a deep understanding of server-side programming and web development. If you develop the skills needed to create a website, your services will always have a place in the industry. More and more businesses are going digital every day, increasing the demand for web developers and designers.

11. Computing Power

The digital age has computerized all mobile devices and applications, defining the computing power of this generation. Data scientists predicted that the infrastructure to use this computing power will only develop in the coming years. Computing power gives us advanced technology that improves our lives and also creates more jobs in the technology industry. Fields like data science, data analytics, IT management, robotics, etc. can generate most of the jobs in the country. Many international brands and companies hire from India because the country has extensive specialized training. The more computers our devices need, the more specialized professionals are needed and the economy explodes as a result.

12. Datafication

When we use data to transform parts of our lives into software and hardware, we go through data processing. In this process, data technology takes over human tasks and tasks. Smartphones, office applications, industrial machinery and even artificial intelligence devices use data to communicate with us and improve the way we live. Data has been a part of our lives for longer than you can even imagine. The preservation of this information requires security, therefore the demand for information security specialists has increased in our country. IT specialists, data specialists, engineers, managers, technicians, all working in the same field. A career in data requires more skills than an advanced qualification. These skills can be acquired in courses that teach how the world of data works.

13. Digital Trust

The world is full of technology and mobile devices, which leads to high levels of trust in these technologies. The same faith also leads to several innovations. With various security measures, people believe that technology helps us to create a reliable, safe and secure digital world. This also leads to companies inventing and innovating new things without worrying about information security. Cyber ​​security, ethical hacking, etc. are some of the specialties that can be applied in this field. There are also many jobs available in Finland and internationally. Vocational certificates and regular courses are available for all courses that can lead to high-paying jobs.

14. Internet of Behaviors

It is one of the fastest growing industry trends and has found application in almost every industry. IoB is a technology that uses data collected from user devices connected to the Internet. The large amount of collected data is then analyzed and monitored to understand human behavior.

As more devices connect to the Internet and more users adopt digital technology, this new technology will play an important role in big data, analytics, development and predictive analytics. You may have heard of Internet of Things technology, which involves a physical device network of devices connected to the Internet, where all devices can communicate with each other. In the future, it will become "smart" and more devices will be added to the network, such as cars and home appliances.

15. Predictive analytics

Predictive analytics is a field of software that helps businesses predict future customer behaviors and trends. Some of the most common applications of predictive analytics are in risk management, marketing and operations. Next to data science, it is one of the most promising fields in the field of data. If you want to enter the field of data, you can choose data science, big data or predictive analytics. That way, you'll have future-proof skills that pay among the best salaries in the industry.

16. DevOps

DevOps brings together the development and operations departments of an organization to improve and automate the software development process. DevOps has two main applications in the organization:

• • Shortening of software delivery cycles
• • Overall improvement of product standards

By establishing collaboration between operations and development teams, companies can provide customers with faster software innovation and feature delivery. It also means companies see fewer errors and better product quality.

17. 3D Printing

3D printing has become a key technology used in prototyping, especially in the industrial and biomedical fields. With 3D printers, you can create a real object from the printer! Needless to say, this cost-effective innovation is here to stay. Brands and companies in the healthcare, data and industrial sectors need 3D printing for their products, which has increased the need for people specialized in machine learning, 3D printing, modeling and artificial intelligence.

18. AI-as-a-Service

Today, there are several offerings as a service, such as PaaS, IaaS and SaaS. AI-as-a-service is a cloud-based solution that provides artificial intelligence-based functionality. Different AI service providers offer this service in different sectors and industries. It gives organizations AI access to advanced features and capabilities without having to invest in expensive hardware or equipment maintenance.

19. Genomics

Can technology study your DNA and help you fight disease, improve health, etc.? Yes! The field of genomics uses technology that can study the structure of your DNA and genes, map them, etc. They also help quantify your genes, making it easier for doctors to find potential health problems waiting in the dark. Various technical and non-technical roles are available in this field. Technical jobs involve analysis, design and diagnosis, while non-technical jobs involve theoretical analysis and research.

The world of technology is developing rapidly and trends are changing rapidly. As an IT professional, you need to stay on top of these trends to build a successful career. Likewise, if you're looking for one area of ​​expertise to focus your career on, understanding how each technology works together and separately will give you an advantage over other candidates applying for the same job.

The biggest good and bad thing about living in a fast changing world is that you have to stay and learn to get on with life. Improving and growing your skills has become exponentially more rewarding as the demand and rewards for such professionals rise. Advance your career in engineering by learning from the best at Koenig.