For the Evolving Role of the CIO, watch for these trends.
Vince Fattore, MBA
Chief Information Officer | Chief Digital Officer | CIO | M&A Technology Executive | Leadership driving growth using Technology, Innovation, Collaboration, Strategy, Smart Execution, Transformation & Value
Top 17 New Technology Trends for 2023!
January 21, 2023
Today's technology is developing quickly, enabling quicker change and advancement and accelerating the rate of change. However, there are many more changes that have occurred this year as a result of the COVID-19 epidemic, which has made IT professionals recognize that their job will alter in the contactless world of the future. Additionally, an IT professional will always be learning, unlearning, and relearning in 2023–2024.
With improvements in machine learning and natural language processing, artificial intelligence will be more common in 2023. Using this technique, artificial intelligence will be able to comprehend us better and carry out more difficult tasks. According to predictions, 5G will change how we live and work in the future.
So, what exactly is going on here?
How does that make you feel? It requires staying current with emerging technology and the newest technical developments. It also requires looking forward to identifying the skills you'll need to have in order to get a solid career tomorrow and even figure out how to get there. While everyone adapts to the worldwide pandemic, the majority of the IT workforce works from home. For 2023, these are the top 18 technology trends to watch out for if you want to make the most of your time spent at home and maybe even land one of the new jobs they will create. Among these trends are:
1. Virtual Reality and Augmented Reality
Virtual Reality (VR), Augmented Reality (AR), and Extended Reality are the newest outstanding technological trends (ER). While AR improves the environment, VR immerses the user in it. Despite the fact that up until now, this technology trend has mostly been utilized for gaming, it has also been used for training, as demonstrated by the use of VirtualShip, a simulation program used to train captains of U.S. Navy, Army, and Coast Guard ships.
We may anticipate that these technological advancements will become more pervasive in our lives in 2023. AR and VR are frequently used in conjunction with some of the other cutting-edge technologies we've included here. They have huge potential for use in marketing, training, entertainment, education, and even post-injury rehabilitation. Either may be used to improve theme parks, train surgeons to do surgery, give museum visitors a richer experience, or even improve marketing, as in the case of this Pepsi Max bus shelter.
While some employers might look for optics as a skill-set, note that getting started in VR doesn’t require a lot of specialized knowledge - basic?programming skills ?and a forward-thinking mindset can land a job; another reason why this new technology trend should make up to your list of lookouts!
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2. Blockchain
Although the majority of people only associate blockchain technology with digital currencies like Bitcoin, it actually provides security that is beneficial in a variety of other contexts. Blockchain may be summed up as data that you can only add to, not subtract from, or change. Because you are creating a chain of data, the term "chain" is appropriate. What makes it so safe is that the prior blocks cannot be changed. Blockchains are also consensus-driven, meaning no one organization can control the data. Blockchain eliminates the requirement for a reliable third party to supervise or verify transactions.
Blockchain is being used and adopted by many different businesses, and as its use grows, so does the need for qualified experts. A blockchain developer is an expert in creating and executing architecture and solutions using blockchain technology, to put it simply.
This is the ideal time to begin if you are interested in Blockchain and its applications and want to build a career in this popular technology. To learn these skills, you can enroll in a blockchain training course. To enter the field of blockchain, you need to have practical expertise with programming languages, the foundations of OOPS, flat and relational databases, data structures, web app development, and networking.
Mastering blockchain can help you scale up in a variety of fields and industries:
3. Genomics?
Imagine a system that could analyze your DNA and assist you battle illnesses and other health issues. The science of genomics focuses on the composition of genes and DNAs as well as their mapping, structure, and other characteristics. Additionally, this can assist in quantifying your genes and lead to the discovery of diseases or other potential issues that may later become health problems. One can find a number of technical and non-technical professions within a specialty like genomics. While non-technical positions focus on deeper levels of study and theoretical analysis, technical jobs in this field are all about designing, analyzing, and troubleshooting. The top jobs in genomics are listed below:
4. Artificial Intelligence (AI) and Machine Learning
Despite the recent excitement surrounding artificial intelligence, or AI, these consequences on how we live, work, and play are still in their infancy, making AI one of the newest technological revolutions. AI is already well-known for its excellence in a wide range of fields, including ride-sharing apps, smartphone personal assistants, image and speech recognition, navigation apps, and much more.
Despite the recent excitement surrounding artificial intelligence, or AI, these consequences on how we live, work, and play are still in their infancy, making AI one of the newest technological revolutions. AI is already well-known for its excellence in a wide range of fields, including ride-sharing apps, smartphone personal assistants, image and speech recognition, navigation apps, and much more.
By 2025, the AI market will be worth $190 billion, with over $57 billion expected to be spent globally on cognitive and AI systems in 2023. New jobs will be created in development, programming, testing, support, and maintenance, to mention a few, as AI spreads throughout industries. The top new technological trend to watch out for is AI, which offers some of the highest incomes available today, ranging from over $1,25,000 per year (machine learning engineer) to $145,000 per year (AI architect).
A tremendous demand for trained workers is being generated by the deployment of machine learning, a subset of artificial intelligence. By 2025, AI, machine learning, and automation are expected to provide 9% of all new jobs in the United States. These jobs will include robot monitors, data scientists, automation specialists, and content curators.
Mastering AI and machine learning will help you secure jobs like:
5. Computing Power?
Since practically every appliance and gadget in the digital age is already computerized, computing power has already cemented its position in the world. Additionally, data science specialists have forecasted that the computational infrastructure we are currently constructing will only improve over the next few years, so it's here to stay. At the same time, 5G is already available.
Prepare for a 6G world where we have greater power at our fingertips and devices all around us. Even better, increased processing power is creating additional tech jobs, however, these positions would necessitate specialized training for applicants. This industry will be the main source of employment in every nation, generating jobs in everything from data science to robots and IT administration. More technicians, IT teams, relationship managers, and the customer care industry will be needed as our devices become more computationally intensive.
RPA, or robotic process automation, is a crucial subfield of this profession that you may master now. RPA is all about computer and automation software at Simplilearn, which may prepare you for a high-paying position in the IT business. Following RPA, these are the top positions to aim for:
6. Digital Trust?
Digital technologies have gained people's faith and trust as a result of how well they accommodate and entangle individuals with devices and technologies. This well-known digital trust is a crucial trend that will lead to additional inventions. Digital conviction is the conviction that technology can create a secure, safe, and dependable digital world, allowing businesses to innovate without having to worry about maintaining the public's trust.
Cybersecurity and ethical hacking are the two main disciplines you can look into to help make the internet a safer place for people. You can find a variety of occupations in these two, from junior to senior levels. In order to pursue a high-paying position in cybersecurity, a diploma or perhaps a master's degree is sufficient, however you may need professional credentials for ethical hacking. The top positions in cybersecurity and ethical hacking are listed below:
7. 3D Printing?
The use of 3D printing to create prototypes is a significant trend in innovation and technology. The impact of this technique has been felt in the industrial and biomedical fields. We never considered printing a genuine object from a printer, yet it is possible now. Therefore, 3D printing is a further breakthrough that will endure. Many positions pay well and are available internationally for businesses in the data and healthcare sectors that need a lot of 3D printing for their products. You only need to be well-versed in artificial intelligence, machine learning, modeling, and 3D printing. Here are some of the top positions in this field:
8. Internet of Things (IoT)
IoT is another intriguing emerging technology topic. Nowadays, a lot of "things" are constructed with WiFi connectivity, allowing them to connect to the Internet and to one another. the IoT, or the Internet of Things. The Internet of Things is the wave of the future, and it has already made it possible for gadgets, home appliances, cars, and many other things to be connected to the Internet and exchange data there.
We already use and profit from IoT as consumers. While tracking our fitness on our Fitbits, we can remotely lock our doors if we fail to do so before we leave for work and preheat our ovens on the way home. Businesses, however, stand to earn significantly both now and in the near future. As data is gathered and analyzed, the IoT may help businesses make decisions that are safer, more efficient, and more informed. In addition to benefits we haven't even considered yet, it can enable predictive maintenance, expedite medical treatment, enhance customer service, and more.
And this new technological trend is just getting started: According to projections, there will be 50 billion of these Internet of Things (IoT) gadgets in use worldwide by 2030, building a vast network of interconnected devices that will include everything from smartphones to kitchen appliances. In 2023, it is anticipated that global spending on the Internet of Things (IoT) will total 1.1 trillion dollars. In the upcoming years, new technologies like 5G are anticipated to propel market expansion.
And if you want to work with this cutting-edge technology, you'll need to comprehend information security, the basics of artificial intelligence (AI), machine learning, networking, hardware interface, data analytics, automation, embedded systems, and device and design knowledge.
9. 5G
The 5G technology wave will come after the IoT. Whereas 3G and 4G technologies allowed us to access the internet, use data-driven services, enhance streaming bandwidths on Spotify or YouTube, and do so much more, 5G services are predicted to completely transform our way of life. by enabling cloud-based gaming services like Google Stadia, NVidia GeForce Now, and many others, in addition to applications that rely on cutting-edge technology like AR and VR. It is anticipated that it will be utilized in factories, HD cameras that help with traffic management and safety, smart grid control, and smart retail as well.
Almost all telecom companies, including Verizon, T-Mobile, Apple, Nokia Corp., and QualComm, are now developing 5G applications. By the end of 2027, there will be 4.4 billion 5G Network subscriptions, making it a trend in developing technology that you should keep an eye on and reserve a space in.
10. CyberSecurity
Given that it has been around for a long time, cyber security may not seem to be a new technology, but it is developing much like other technologies. This is partly due to the ongoing emergence of new threats. The malicious hackers who are attempting to gain unauthorized access to data won't give up anytime soon, and they will keep looking for ways to get beyond even the strictest security measures. Additionally, it's because modern technology is being modified to improve security. Cybersecurity will continue to be a popular technology as long as there are hackers since it is continually changing to prevent them.
The fact that there is a three times quicker growth in cybersecurity jobs than other tech jobs is evidence of the high need for cybersecurity experts. By 2025, 60% of firms will perform third-party transactions and business engagements with cybersecurity risk as a main consideration, predicts Gartner.
However difficult the industry may be, you must keep in mind that it also offers rich six-figure salaries, and responsibilities can range from:
offering a promising career path for someone who wants to get into and stick with this evergreen trending technology.?
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11. Extended Reality?
Virtual reality, augmented reality, mixed reality, and all such technologies that replicate reality are together referred to as extended reality. It is an important technological trend at the moment since we all yearn to transcend the alleged real bounds of the planet. This technology, which creates a reality devoid of any physical existence, is extremely well-liked by gamers, medical professionals, retail, and modeling professionals.
In terms of extended reality, gaming is an important field for well-liked occupations that don't necessitate advanced degrees but rather an enthusiasm for online gaming. To pursue a successful career in this specialty, you can enroll in programs for game design, animation, or even editing. Check out the top positions in ER, VR, and AR in the meantime:
12. New Energy Solutions
For the benefit of our planet's landscapes and the energy we consume, everyone has committed to going green. As a result, homes use greener options like solar and renewable energy while cars run on electricity or batteries. Even better, people are aware of their trash and carbon footprints, making it even more beneficial to reduce them or convert them to renewable energy.
Careers in the environment and in data are also growing in the alternative energy sector. These professions are relevant to persons with social science training and science specialties. Let's look at the top positions available in New Energy:
13. Robotic Process Automation (RPA)
Robotic Process Automation, or RPA, is a technology that is automating occupations, much like AI and Machine Learning. RPA refers to the use of software to automate business operations, including application interpretation, transaction processing, data handling, and even email answering. RPA automates routine processes that previously required human labor.?
Although Forrester Research projects that RPA automation would put 230 million or more knowledge workers, or around 9% of the global workforce, in danger of losing their employment, RPA is also changing and generating new jobs. Less than 5% of vocations, according to McKinsey, can be fully automated, but over 60% can be somewhat automated.
RPA offers a wide range of job prospects, including those for developers, project managers, business analysts, solution architects, and consultants, for you as an IT expert attempting to understand the newest technological developments and look to the future. And these jobs are well-paid.
Mastering RPA will help you secure high paying jobs like:
14. Edge Computing
Cloud computing, once a cutting-edge innovation to keep an eye on, has now entered the mainstream, with market leaders such as AWS (Amazon Web Services), Microsoft Azure, and Google Cloud Platform dominating. As more companies switch to cloud solutions, the adoption of cloud computing is continually expanding. However, it is no longer a new technology trend. Edge is.
Organizations have become aware of some of the limitations of cloud computing as the amount of data they manage keeps growing. Bypassing the latency brought on by cloud computing and transferring data directly to a data center for processing, edge computing is intended to help with some of those issues. It can be located "on the edge," if you will, nearer to the location where computing must take place. Since there is little to no connectivity to a central location, edge computing can be utilized to handle time-sensitive data in remote places. Edge computing can function like tiny data centers under those circumstances.
The adoption of Internet of Things (IoT) devices will expand edge computing. The edge computing industry is anticipated to grow to $6.72 billion by 2023. And nothing less than growth is intended for this new technological trend, which will lead to the creation of numerous jobs—chiefly for software programmers.
By staying up to date with cloud computing (including cutting-edge and quantum computing). You can land wonderful employment like:
15. Quantum Computing
The following notable development in technology is quantum computing, a type of computation that makes use of quantum phenomena including superposition and quantum entanglement. Thanks to its remarkable ability to quickly query, monitor, analyze, and act on data, regardless of source, this technology trend is also helping to limit the spread of the coronavirus and to create viable vaccinations. Banking and finance is another industry where quantum computing is being used to manage credit risk, for high-frequency trading, and to detect fraud.
Today's quantum computers are many times faster than conventional computers, and major companies like Splunk, Honeywell, Microsoft, AWS, Google, and many more are working to further this technology. By 2029, it is anticipated that the global quantum computing sector would generate more than $2.5 billion in revenue. Additionally, you need to be proficient in quantum mechanics, linear algebra, probability, information theory, and machine learning if you want to succeed in this emerging field of technology.
16. Smarter Devices?
In making our world smarter and more efficient, artificial intelligence has been a key factor. In order to make our lives less complicated and stressful, it goes above and beyond simply replicating humans. Due to data scientists' ongoing work on AI household robotics, appliances, work devices, wearables, and much more, these smarter products will be around well into the year 2023 and beyond. To make our work lives easier, nearly every job requires clever software tools.
As more businesses transition to digital environments, smarter gadgets are another addition to the IT sector that is in high demand. These days, success in almost every higher-level position necessitates strong IT and automation skills. For this reason,?Descasio's RPA ?can assist your business to flourish. The finest jobs you can pursue are listed below:
17. Datafication?
Datafication refers to the conversion of all of the objects in our lives into software or data-driven gadgets. So, to summarize, datafication is the conversion of manual labor-intensive operations into technology that is driven by data. Data is here to stay for longer than we can ever remember, from our smartphones, industrial machinery, and workplace applications to AI-powered gadgets and everything else! Therefore, maintaining our data in a secure and safe manner has become a sought-after specialty in our economy.
As a result of datafication, there is a greater need for IT specialists, data scientists, engineers, technicians, managers, and many other occupations. Even more helpful is the availability of certification programs in data-related specializations for anyone with a solid understanding of technology who wants to work in this field. When it comes to data employment, talents are more important than high-level degrees, and we are seeing a lot of effective leaders emerge from smaller cities and developing nations like India.
By taking a course like RPA to better your understanding of how automation functions in the realm of data, you can also arm yourself with this useful trending talent. Let's examine several well-known data careers:
Why should I be concerned?
You now know which technological advancements will have the biggest influence in the upcoming years. Start positioning your business with the technology advancement you're interested in, keeping in mind the potential and rewarding alternatives they provide as well as your own objectives.?
Get a head start and hone your abilities to be among the first to adopt new technologies.
To stay on top of the latest on new and emerging business and tech trends, make sure to subscribe to?our newsletter , and follow us on?Twitter ,?LinkedIn ,?Facebook , and?Instagram . Check out our?website ?and the services we offer.?
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