Adarsh looks at various developments in the technology industries that are in for some major innovations in the year 2023
As the name suggests, disruption in technology is any kind of technological innovation that is likely to affect the status quo.
It is not always something new or path breaking but more of an exponential upgrade on existing tech that has the potential to disrupt a market or industry.
Personal computers, online shopping and ride sharing apps are all excellent examples of disruptive tech.
Here is a look at 7 tech industries that are likely to see major disruption in the upcoming year:
1. Machine Learning
Machine Learning has been around for a while now but 2023 could be the year it blows up in a big way. Unlike traditional Machine Learning, the focus is now on Unsupervised Machine Learning (UML). Without any data training or labelling, UML recognizes and records unknown patterns and thus makes predictions that are more accurate.
This way, UML eliminates limitations created by human bias or pre-existing knowledge and notes insights like never before.
2. Robotic Process Automation
Automation is nothing new but its growing in leaps and bounds. In fact, the prediction is that almost half of all existing human activities will be automated in the next few decades.
But Robotic Process Automation (RPA) is a whole new dimension altogether! RPA is a software technology that involves building and managing software robots that can imitate human actions. It uses 3 key technologies: key scraping, workflow automation and artificial intelligence, to automate processes and improve efficiency. The game changer in this domain would be human intelligence-based robotics and automation.
Talking to Forbes, Ayman Shoukry, the CTO (Chief Technology Officer) of Specright Inc., explains it in simple terms: “Think about drones delivering packages with human understanding: ‘Please place this order beside this vase on my living room table.’ If the vase got moved, the drone will realize that it moved at delivery time (vision recognition) and either deliver it there or ask the user for a new precise delivery location.”
3. Virtual & Augmented Reality
As of right now, virtual, and augmented reality is limited only to the entertainment and gaming industries. But 2023 could see it venture into other avenues, like healthcare, e-commerce, and travel. With AR (Augmented Reality) and VR (Virtual Reality) devices becoming more capable and cost effective, it opens a bunch of possibilities.
Imagine a VR space to interact with co-workers remotely or using a VR device to help customers experience your product. Considering this technology is already lightyears ahead of others on this list, this sector could really blow up in 2023!
4. AI-Chat Bots
It seems like artificial intelligence has been around for a while, but the truth is that we are still in the initial stages of this technological marvel!
By 2024, more than 50% of people’s interactions with customer care will be with computers, according to McKinsey. Apart from being more efficient than humans, chatbots can operate 24*7, communicate in any language, and have no demands about working conditions. Once it gets more sophisticated, it will result in a lot of jobs being lost but it will affect the end user in a significant way!
5. 5G
5G arrived in India in late 2022 but 2023 is the year when the technology will boom! Voice calls will become clearer, video support will become more accessible and greater bandwidth will help in widespread adoption and automation.
This in turn will unlock a lot of potential economic opportunities from the digitization of manufacturing through wireless control of mobile tools, machines, and robots to decentralized energy delivery and remote patient monitoring. In fact, according to McKinsey, faster connections in mobility, healthcare, manufacturing, and retail could increase the global GDP (Gross Domestic Product) by $2 trillion by 2030.
6. Internet of Things
As Artificial Intelligence and Machine Learning continue to advance, it will lead to bigger and better things. Quantum computing, for instance. We are still in the prototyping phase but once this moves to practice it will be like the invention of the internet all over again.
It will lead to the growth of the Internet of Things (IoT). The Internet of things describes physical objects with sensors, processing ability, software and other technologies that connect and exchange data with other devices and systems over the Internet or other communications networks.
7. Programming
This might sound absurd, but we are at that point in history where computer software is going to start writing code. All thanks to the exponential pace at which Machine Learning and Artificial Intelligence is advancing. According to McKinsey, this tech trend makes possible the rapid scaling and diffusion of new data-rich, AI-driven applications.
This could lead to the creation of applications that are far more powerful and capable of anything that exists today. But it will also enable the standardization and automation of existing software and coding processes.
So that is a lot of exciting things to look forward to in 2023! Which one are you most excited about? Let us know in the comments section.
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