Here are some areas from the technological field that will be worth watching in 2023. Some are already buzzing, and others are only just starting to arise. But all of them have the growth potential to significantly impact both our personal and professional lives in the years to come; venture capital and angel investors should pay attention to these.
Technology has revolutionized our lives and work, with breakthroughs constantly being made. With the ever-evolving landscape, it can be hard to keep track of what's coming down the line - but understanding these emerging trends is essential for anyone looking to stay ahead of the curve.
Here are some startup tech trends you should be paying attention to in 2023 – from Artificial Intelligence (AI) and Cloud Platforms to Augmented Reality (AR) and Super Apps. These technologies have already begun making waves in our lives, but they have only scratched the surface of their potential; as venture capital funds pour capital into these innovative startup companies, we can expect to see rapid growth in the future and give even more reasons for investors to invest in venture capital funds and diversify their investment portfolios.
1. Digital Immune Systems (DIS)
This is the practice of using automation, operations, and analytics to create superior user experiences and reduce system failures.
The aim is to secure networks and endpoints by constantly monitoring for threats and vulnerabilities, then taking appropriate actions to fix them. This approach is similar to how our immune system works to protect our bodies from infections.
DIS will likely become increasingly important as we enter the age of the internet of things (IoT), where interconnected devices are constantly sharing data, and opening up new attack vectors for cybercriminals, and organizations are starting to invest more in digital immunity.
2. Augmented Analytics
Machine learning and AI will heavily assist with data preparation, insights, and analysis for business intelligence platforms.
This will allow for a more excellent range and accuracy of predictions and the ability to automate decision-making potentially. This will give businesses a competitive edge as they can glean insights from data more quickly and effectively.
The popularity of augmented analytics platforms is expected to rise in 2023 as businesses increasingly look to harness the power of AI to stay ahead of the curve.
3. AI Trust, Risk, and Security Management (TRiSM)
This concerns governance, trustworthiness, fairness, reliability, efficacy, security, and data protection.
It's a broad term that encompasses many different aspects of data management. Still, we think it will become increasingly important in the coming years as businesses rely more and more on AI to make decisions.
Organizations must implement measures to ensure that their AI systems are trustworthy and compliant with data privacy regulations. They will also need to consider how to manage the risks associated with AI, such as bias and errors.
4. Industry Cloud Platforms
These platforms transform a cloud platform into a business platform. This results in one-off, vertical SaaS solutions becoming modular, composable supported by optimized industry-specific capabilities.
They offer a complete set of applications and services specific to a particular industry, such as healthcare, retail, or manufacturing. This allows businesses in that industry to get up and running quickly and easily on the cloud without developing their bespoke applications.
Industry cloud platforms are expected to become increasingly popular in 2023 as businesses look for ways to move to the cloud quickly and easily without incurring the high costs of bespoke development.
5. Platform Engineering
This emerging technological approach accelerated the delivery of applications by improving the developer experience and productivity.
It uses automation, microservices, and containers to simplify building and deploying applications. This allows businesses to move quickly and easily from idea to production without needing expensive and time-consuming custom development.
Therefore, platform engineering will likely become increasingly popular in 2023 as businesses look for ways to reduce the time and cost of developing applications.
6. Wireless-Value Realization
This term describes the use cases of the next generation of wireless technology to improve services while reducing costs.
It includes using 5G to connect devices and sensors in the IoT, as well as using mmWave to improve data throughput and latency. This will result in more efficient and effective bandwidth use and enhanced performance for applications requiring high data rates.
As businesses look to improve their operational efficiency and take advantage of the benefits of 5G technologies, the wireless-value realization will become increasingly important in 2023.
As its name suggests, super apps are made to consolidate and replace the need for multiple apps. They are designed to be a one-stop shop for all your needs and can perform various tasks, such as messaging, payments, bookings, and social networking.
It is expected that super apps will become increasingly popular in 2023 as businesses look for ways to improve the user experience and reduce the need for customers to install and maintain multiple apps.
8. Adaptive AI
This application of AI is used to leverage more complex concepts, like machine learning and neural networks, to produce results. It's designed to be more flexible and adaptable than traditional AI and can be used for various tasks such as image recognition, predictive maintenance, and fraud detection.
The likelihood of adaptive AI becoming increasingly popular in 2023 is very high, especially as businesses look for ways to improve the performance of their AI systems.
9. Data Democratization
Data democratization is making data accessible to as many people as possible. It involves making data available in a format that is easy to understand and use and providing tools and training to enable people to use it. This will result in more informed decision-making and improved business outcomes.
The need for businesses to improve their decision-making processes and take advantage of the benefits of data-driven insights will probably bring data democratization to the forefront in 2023.
10. Metaverse / VR
The metaverse is a shared, virtual space where people can interact with each other and digital objects. It's similar to digital interactions on the current internet but in 3D.
The metaverse arises as an essential solution to the current business needs of finding ways to improve their customer experience. Therefore, this trend is expected to continue growing in the next year since it allows firms to engage with their audience in a more immersive and interactive way.
11. Sustainability / Cleantech
This term refers to the use of technology to improve the sustainability of businesses and organizations. It includes using clean energy, green buildings, electric vehicles, and sustainable agriculture. This will result in reduced greenhouse gas emissions and improved environmental outcomes.
Sustainability has grown in popularity as businesses look for ways to reduce their environmental impact. It will continue to unfold as firms seek to improve their social and environmental performance.
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