What can we expect from the next 10 years? We will see a true change in how we relate with our peers and with machines. The past few years have been a breathless ride for the world of tech, from development and artificial intelligence to virtual and augmented reality. There’s never been a better time to be a technology enthusiast than right now. The next ten years will usher us into a new era of connected, intelligent technologies that will have an unprecedented impact across all industries.
1- ARTIFICIAL INTELLIGENCE
Artificial intelligence (AI) is generating a lot of buzz these days. While AI has existed for several decades, it’s recently been thrust into the mainstream with its growing use in self-driving cars, virtual assistants such as Siri and Alexa, speech recognition technology like Google Voice, and many other applications. In 2023, AI will enter the mainstream. There are already apps that have AI embedded in them. In addition, the no code environment means that anyone can design new AI applications without any knowledge of programming. Artificial intelligence will be also sold as a service and companies that store your data can simply switch on new AI capabilities and this will change all our business processes.
Although companies already use smart algorithms to search the internet, buy things online and find our way around when we travel, AI is becoming essential like water and electricity in terms of how it will change human society and hopefully make our lives easier or better. Some of the key trends within AI that are worth watching very carefully are natural language processing and machine learning, as well as the generation of synthetic content.
2- METAVERSE TECHNOLOGIES
Virtual and augmented reality will make a giant leap forward in 2023. Currently VR and AR technology are mainly used in the gaming industry. However, by 2023 we might see a trend for people to use technology for social interaction and other purposes. An example of virtual reality is when we communicate with our friends and family. Through VR, robots will be making their presence felt in our daily lives in the form of AR devices bringing down the cost of these technologies in 2023. In 2023, technologies like virtual and augmented reality will reshape our organizations and will increasingly blur the lines between the physical and the digital world. Companies now need to start to think about more immersive content and create a more immersive world of work. Companies such as McDonald’s are thinking about opening a digital restaurant. With VR customer employee relationships will be significantly refashioned. Someone may be asking, “Is holding meetings in a virtual room better than Zoom? Can customer support use augmented reality to help customers fix problems and help them assemble things?”.
3- A PROGRAMMABLE WORLD
The year 2023 will see an increasingly digitally editable world where we can change the real world by manipulating it with computers performing complex tasks in real time. In a digital world, companies can create a digital twin that is a digital copy of a real world’s object. Let’s take, for example, a race car Formula One race car. We can design this car in the digital world and run it through digital simulation and test it using digital wind tunnels and then we will be even able to 3D print this car.
4- WEB3 TECHNOLOGIES
Another powerful 2023 trend will allow financial companies to re-architect trust using blockchain technology. Ledger technologies that allow us to store things and record things in the blockchain will be refashioned and will create a new approach to the entire supply chains and financial industries.
Banking world and insurance companies use middlemen: with the Web3 technologies those trust functions will be redeployed by performing trust functions without these middlemen. Organizations will continue to use non-fungible tokens (nfts) that allow us to record digital ownership of things. Web 3 technology will allow us to manage our digital identity.
When we send money to friends or family, banks and companies like PayPal make sure we are who we say we are and act as a safety net and anti-fraud gateway. New payment verification services help us feel safe about giving our financial information to businesses to store and process. All these systems are currently centralized which means that we could still have problems if the companies that run them don’t manage them well or don’t act in our best interests. When people talk about trust in 2023 they will ask about the idea of decentralization. This means taking control of an organization or process away from any central point of ownership by using decentralized networking built on consensus and encryption. Blockchain will achieve this and more by storing data and running programs that are spread across multiple computers and can’t be changed by anyone who isn’t supposed to.
5- LITHIUM METAL BATTERIES
Lithium metal batteries have every chance to change the balance of power in the car market. Their energy density is equal to a one-kilowatt hour per liter of volume which is almost twice that of lithium-ion batteries according to MIT technology review. Thanks to these batteries, electric cars charge much faster and, more importantly, the charge lasts 80 percent longer than with lithium-ion batteries. The startup Quantum Scape which develops lithium metal batteries conducted its first test in December 2020 and after successful trials it has already struck a deal with Volkswagen which will begin producing electric vehicles with these batteries in 2025. Skeptics argue that the test results are still too early to be considered successful they were carried out on single-layer cells while in real batteries they should be multi-layered and in mass production this can lead to unforeseen risks.
6- WIFI 6 AND 5G
WIFI 6 and 5G new are new standards of communication that can help communicate and work at high speeds. In addition, these new frequencies will contribute to the development of the Internet Of Things, artificial intelligence and will make data transmission more secure. The main benefits of 5G are improved mobile broadband high-speed video streaming, social networks and online services with minimal signal transmission delays. The Internet of Things will become a large-scale internet with the help of 5g and it will make possible to support up to 1 million devices per square kilometer. 5G has set out a new communication standard that will ensure smooth operation of drones. Another benefit of the new 5G standard is that companies will make faster decisions based on streaming analytics. Internet speed will be faster and more stable. The new broadband standard will allow to connect even more devices to one point and networks will distribute internet traffic between devices depending on their specifications.
The world of technology will continue to change in the next five years. Artificial intelligence, immersive applications, and IoT will enable a new metaverse to appear: a personal and interconnected experience where people remotely meet, interact, collaborate, and create – all without being physically there – will be the new environment where humans and machines interact with each other.