Since Covid 19 came into existence, digital technologies have been evolving very rapidly.Now, even when the effects of covid are fading gradually, business tech is set to continuously grow in 2023. So keeping this in mind, it's high time we focus on mastering these technologies to keep growing with these tech. Industry experts from Forbes Technology Council share their predictions for the business tech trends that will dominate headlines and C-suite meetings in 2023. And these technologies are:

Artificial Intelligence and Machine Learning

 

They’re not new but every day we get more data about the world, and we store and process it. So there is huge scope of growth in AI and ML. But reading and using it is becoming more complex. ML and AI will play a stronger role in data-based decision making in business, healthcare and environmental studies. Five years ago, its adoption was limited, but I believe that since 2020, it has become more affordable globally.

Robotic Process Automation (RPA)

 

RPA is a rapidly growing field and it will definitely have a  significant impact on the way work is done in the future.

Robotic process automation (RPA) is a type of technology that mimics human actions without their intervention,in other words, it allows organizations to automate repetitive and routine tasks that are typically performed by humans. RPA uses software preferred as  "bots" or "robots" to replicate the actions of a human worker in completing a task. These bots are first trained to behave in a certain way and after that they perform the task as many times as we want.

 It is definitely going to be the future because in the future , it is going to save a lot of money on the human workforce by automating routine tasks, organizations can reduce labor costs and increase efficiency. Bots can work faster and more accurately than humans, reducing the time it takes to complete tasks and reducing the risk of errors. 

Currently it is being used in healthcare, telecom, finance, customer service etc.

Quantum Computing

Quantum computers are still in the early stages of development and are not yet widely available. However, they have the potential to revolutionize fields such as drug discovery, weather forecasting, and financial modeling.

Quantum computers are built on the principles of quantum theory, which describes the behavior of very small particles such as atoms and subatomic particles. Quantum computing is a type of computing that uses quantum-mechanical phenomena, such as superposition and entanglement, to perform operations on data.  Quantum computers have the potential to perform certain types of calculations much faster than classical computers, which are based on classical physics and use bits to store and process information. This is because quantum computers can perform many calculations in parallel, whereas classical computers must perform them sequentially.

But, Quantum computers are much more complex and fragile than classical computers, and it can be difficult to build and maintain them.

 

 

Also it is very difficult to write programs for Quantum computers as the algorithms used to program them are very different from classical computers.

Despite these challenges, researchers and companies around the world are actively working to develop and commercialize quantum computers, and it is expected that they will play an important role in the future of computing.

Virtual Reality and Augmented Reality

 

Virtual reality (VR) is a computer-generated simulation of a three-dimensional environment that can be interacted with in a seemingly real or physical way by a person using special electronic equipment, such as a headset with a screen or gloves fitted with sensors. VR can be used for a variety of purposes, including gaming, education, and training.

Augmented reality (AR) is a technology that superimposes computer-generated images or information on top of a user's real-world environment. This can be done using a device such as a smartphone or a headset, or through a specialized AR application. AR can be used for a variety of purposes, including education, entertainment, and marketing.

Both VR and AR have the potential to change the way we interact with computers and the world around us. They can be used to enhance experiences, such as gaming or learning, and have numerous potential applications in fields such as education, entertainment, and healthcare.

Blockchain

 

 

Blockchain is a type of shared database that stores data in blocks and these blocks are linked together through cryptography. It stores data electronically in digital format. Blockchains are majorly known because of their role in cryptocurrency systems e.g. Bitcoin  for maintaining a secure and decentralized record of transactions.

Blockchain was first outlined by Stuart Haber and W. Scott Stornetta, two researchers who wanted to implement a system where document timestamps could not be tampered with, in 1991. But it was actually implemented in 2009, an anonymous developer named Satoshi Nakamoto created bitcoin using Blockchain and that's when cryptocurrency boomed.It is a rapidly evolving technology, and it is expected to have a significant impact on a wide range of industries in the coming years.

To know more about block chain, read this: What is Blockchain?

Internet of Things (IoT)

IoT has the potential to revolutionize many industries and aspects of our lives, by enabling devices to interact with each other and with people in new ways. The Internet of Things (IoT) refers to the growing network of physical devices, such as appliances, vehicles, and industrial equipment, that are connected to the internet and can communicate with each other and exchange data. These devices are equipped with sensors, software, and connectivity that allow them to collect and share data about their usage and the environment around them.

Some of the potential applications of IoT include:

• Smart homes: IoT devices can be used to automate and control various aspects of a home, such as heating, lighting, and security.
• Connected vehicles: Vehicles can be equipped with sensors and connectivity that allow them to communicate with each other and with infrastructure, such as traffic lights, to improve safety and efficiency.
• Industrial automation: IoT devices can be used to improve the efficiency and productivity of industrial processes.
• Healthcare: IoT devices can be used to monitor and track the health of individuals and provide medical professionals with real-time data.

Smart Mobiles, smart refrigerators, smartwatches, smart fire alarms, smart door locks, smart bicycles, medical sensors, fitness trackers, smart security system are some of the best examples of Iot Devices

So if you want to grow rapidly with the pace of technologies, then you can learn these technologies and nail it.