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5 Technology Trends Shaping 2023

Posted January 31st, 2023 in Articles

Companies are developing new technologies at breakneck speed. In 2023, many “future trends” that we have discussed in the past are becoming realities, and we are beginning to see widespread implementation of technologies that only a relatively small percentage of companies chose to pursue in the past.

As a company executive or IT department leader, what are the technology trends you need to know about in 2023? Here are five key developments that have the potential to significantly change the way companies do business this year and in the future:

1. Artificial Intelligence is Here

For those who weren’t paying attention, artificial intelligence (AI) may have seemed to garner mainstream attention overnight. This is primarily due to the launch of Chat GPT late last year. ChatGPT made national media headlines for weeks, and while many of these headlines focused on the platform’s implications for education, early business adopters are already using the platform to help drive their businesses forward.

Of course, ChatGPT is far from the only AI tool available to companies, and companies are increasingly working with software developers to create their own AI platforms as well. In 2023, artificial intelligence is here, and by most accounts, it is here to stay.

2. Green Technology Is Becoming Even More Important

As the effects of climate change continue to become more well-known, and as we continue marching toward what many scientists say is a point of no return, green technology is becoming even more important. In 2023, all companies should be doing what they can to reduce their carbon footprint and enhance their ability to utilize clean (or “green”) technologies.

3. Datafication is Helping Companies Improve Quality and Efficiency

Datafication is one of 2023’s technology buzzwords. It refers to the process of transitioning human tasks to data-driven technologies. By making effective use of datafication, companies in many industries can significantly reduce their costs while increasing the quality and efficiency of their production—thus better serving more customers and increasing their profitability.

4. The Metaverse is Opening Up New Business and Marketing Opportunities

While many experts say the jury is still out on whether the Metaverse is here to stay, Bloomberg has estimated that the value of the Metaverse market could reach as much as $800 billion next year. With the Metaverse still very much in its beginning stages, in 2023 companies have significant opportunities to become early adopters in this new online world.

5. Computing Power is Reaching Unprecedented Levels

With the growth of artificial intelligence, the emphasis on green technology and datafication, and consumers increasingly spending more and more time online, companies’ computing power needs are reaching unprecedented levels. To keep up with the technology demands of 2023, companies must ensure not only that they have the hardware and systems they need to run efficiently and without disruption but they must ensure that they have the requisite expertise as well.

Contact Mithras Investments for More Information

At Mithras Investments, we help companies explore, develop and implement new technology solutions that provide competitive advantages. To learn how we can help your company, please call 305-517-7911 or inquire online today.

Contact Mithras Investments

For Strategic Answers

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