Artificial intelligence will become a reality in organizations in 2023. No-code AI, with its easy drag-and-drop interface, will enable any business to leverage its power to create more intelligent products and services. We are already seeing this trend in the retail market. Stitch Fix uses AI-enabled algorithms to recommend clothes to its customers that match their shape and taste.
I don't particularly care for the term "metaverse", but it has become shorthand for a more immersive internet where we will be able to work, play and socialize on one continuous platform. Experts estimate that the Metaverse will add $5 trillion to the global economy by 2030, and 2023 will be the year that defines the direction of the Metaverse for the next decade
Blockchain technology will also advance significantly in 2023 as companies create more decentralized products and services. For example, at the moment, we are storing everything in the cloud - but if we decentralize data storage and encrypt that data using blockchain, not only will our information be secure, but we will have it. There will be new ways to access and analyze.
We are already seeing an emerging bridge between the digital and physical worlds, and this trend will continue in 2023. This merger has two components: digital twin technology and 3D printing. Digital twins are virtual simulations of real-world processes, operations or products that can be used to test new ideas in a secure digital environment. Designers and engineers are using digital twins to recreate physical objects inside virtual worlds, so they can test in every conceivable situation without the high costs of real-life experiments.
We will live in a world where we can edit materials, plants and even humans and change them. Nanotechnology will enable us to create materials with completely new properties, such as water resistance and self-healing capabilities. CRISPR-Cas9 has only been around for a few years, but in 2023 we'll see gene editing technology give us a growing ability to "edit nature" by altering DNA.
Quantum computing, which uses subatomic particles to create new ways of processing and storing information, is a technological leap that could bring us computers capable of operating trillions of times faster than the fastest conventional processors available today. A potential danger of quantum computing is that it could render our current encryption practices useless – so any country that develops large-scale quantum computing could break the encryption of other countries, businesses, security systems and so on. This is a trend to watch closely in 2023 as countries like US, UK, China and Russia are investing in developing quantum computing technology.
One of the biggest challenges the world is facing right now is putting the brakes on our carbon emissions so we can tackle the climate crisis. In 2023, look for continued progress around green hydrogen, a new clean-burning source of energy that produces close to zero greenhouse gas emissions. Shell and RWE, two major European energy companies, are creating the first major green pipeline from wind plants in the North Sea.
In 2023, robots will become even more like humans — in appearance and capability. These types of robots will be used in the real world as event greeters, bartenders, concierges, and companions for older adults. They’ll also perform complex tasks in warehouses and factories as they work alongside humans in manufacturing and logistics. One company is working hard to create a human-like robot that will work in our homes. At Tesla AI Day in September 2022, Elon Musk revealed two Optimus humanoid robot prototypes, and said the company would be ready to take orders within the next 3 to 5 years.
Business leaders will continue making progress in creating autonomous systems, particularly around delivery and logistics. Many factories and warehouses have already become partially or fully autonomous. In 2023, we’ll see even more self-driving trucks and ships, as well as delivery robots — and even more warehouses and factories will implement autonomous technology. Ocado, a British online supermarket that describes itself as “the world’s largest dedicated online grocery retailer,” uses thousands of autonomous robots in its highly automated warehouses to sort, lift, and move groceries.
Finally, we'll see a push toward more sustainable technology in 2023. Many (if not most) of us are addicted to technology like our smartphones, tablets, and computers — but where are the components coming from to manufacture our favorite gadgets? People will be thinking more about where rare earth components for things like computer chips originate and how we're consuming them. We’re also using cloud services like Netflix and Spotify, which still run in huge data centers that consume vast amounts of energy.
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