Technology has played a crucial part in many fields throughout the history of humanity. With each new discovery and development, it still continues to evolve and improve itself in many aspects, shaping the technological trends of that year .
As technology brings something more to itself day by day, the outcomes that emerge from it results in affecting our lives. While some of these technologies take a firm place, others say goodbye before they become permanent.
These new technologies, which are permanent, can take their place among technological trends depending on their range and methods of use. We know that by now, many new tech trends have been actively used in numerous fields and many companies.
And here are the top 5 technological trends for 2023 shaping and will continue to shape our future;
Artificial Intelligence
Artificial intelligence, known as AI, enables a computer or a machine to learn from its past experiences. It gathers information on how to complete the task next time by itself.
AI technology can perform many more complex tasks than a human can do. In just a few minutes it carries out many tasks by way of detection, analyzing, learning, decision-making and using that knowledge which is gained through experience.
Artificial intelligence imitates human cognitive abilities and behaviors then models these abilities in computer systems.
Thanks to all these capabilities, artificial intelligence technology has taken its place among popular technology trends since its introduction to the world. This widely used technology is already being incorporated into many business areas and included in existing systems.
Many applications and programs have integrated AI technology into their work. Many personal virtual assistant applications such as Amazon Alexa, Google Assistant, Apple Siri or ChatGPT work with AI-supported algorithms can be a great example for this.
Furthermore, AI not only performs essential tasks for companies, but also helps company employees work in an organized manner.
With AI-integrated video conferencing applications, company meetings can be recorded and analyzed, and end-of-meeting reports can be sent to those who were unable to attend thanks to this tech trend.
Moreover, it incorporates multiple features to improve the quality and efficiency of meetings. It summarizes that artificial intelligence is not only impacting and improving the working practices of companies, but also of employees.
The advantages of this technological trend in both corporate and individual terms. We know that in multiple sectors, these advantages are being utilized.
We already stated that artificial intelligence is already being used in a number of fields. Moreover, experts anticipate that global demand for artificial intelligence technologies in retail is expected to record a %30.3 increase by 2033.
Blockchain Technology
Blockchain technology has enabled enterprise operations to take place around blockchain systems. It has led to a profound effect in the business sector by increasing the efficiency of working systems.
Blockchain technology is often associated with cryptocurrencies, but today it seems to be more than just that. Web 3.0 technology, which is a product of blockchain technology, has recently come to the fore in the leading market.
The increased security and privacy provided by blockchain technology has encouraged numerous corporations to integrate this technology into their business models.
In particular, it is essential that this technology is available to maintain the security of company meetings conducted via video conferencing applications.
To be more specific, blockchain technology is of great importance for the protection and security of the personal data of the participants in these meetings. In addition, the recording and protection of these meetings is also realized thanks to this technology.
On the other hand, by ensuring the security of the meeting, unauthorized participation of third parties is also prevented. Many such benefits prove the increasing recognition of this technology today.
This technology, shaping the industry in terms of the privileges it offers, is experiencing massive growth far beyond the expectations. The market value of the blockchain technology was $7 million in the year 2022 and is expected to grow to $164 million by the year 2029.
And now, 2023 is likely to be the year in which more people and businesses will look to integrate blockchain technologies such as Web3.
It comes as no surprise that it is among the leading technology trends that will influence the course of the business industry in the future.
Blockchain technology has already established itself as one of the top tech trends for 2023. Moreover, it seems certain that it will have even more space in the future.
Metaverse
The Metaverse is a 3D digital realm where virtual reality, augmented reality and other technological instruments are used to enable people to have lifelike personal and work experiences online.
This technological trend came to the forefront during the pandemic when people had to stay at home and spend days away from reality without being able to socialize with people.
Back then, this virtual reality universe called metaverse allowed people to physically interact with each other in three dimensions within a virtual environment.
Metaverse also takes personal relations and communications to the next level. Through video conferences in this virtual environment, many people can participate in these video calls from wherever they are.
It brings multiple people together, enabling group meetings. In the metaverse universe, people can talk to other people on the other side of the world through their avatars.
The advantages of such technology are not limited to this. When they saw how much of a market there was for the metaverse, a number of companies began to invest in it.
According to experts’ estimations, the metaverse market, which was estimated at 68.49 US dollars in the year 2022, is expected to be 1.3 million US dollars by the year 2030.
By the end of 2023, leading firms that prioritize technology investments will likely be in a considerably better position than they are now.
Video Conferencing
During the pandemic, there have been some changes in people’s lives in terms of business, work, and education. People had to carry out their businesses from their homes or from the places they were in.
In particular, these changes have promoted hybrid working and remote working methods in business life. People have been offered the opportunity to work fully remotely or hybrid, partly office and partly remote.
At that point, meetings between organizations or individuals took place with the help of video conferencing applications. Even after the pandemic, it became clear that these applications are permanent in our lives and these video-conferencing technologies will continue to be widely used in the future.
This technology trend has since been recognized and has been in high demand by many businesses. This surge in demand has encouraged many companies to invest in video conferencing applications.
For instance, OCTAPULL is one of the leading video conferencing platforms which has developed OctaMeet and OctaSales products by closely following the latest technological trends, allowing companies to hold remote meetings more efficiently.
OctaMeet has been providing a high-level service to companies that adopt both remote and hybrid working systems since the day it was launched. Today, it offers new opportunities to customers by closely following the agenda and technological trends.
Many companies are also looking to expand their reach by incorporating today’s technology trends such as artificial intelligence, blockchain, IoT, and metaverse technologies into their applications.
An example of the use of these technologies in video conferencing applications is the use of AI-assisted communication tools to provide better interaction in video conferencing meetings.
This has opened up many possibilities for companies using the applications, such as meeting scheduling, interactive tool usage, simultaneous multi-language translations during meetings, and more.
These advantages that this technological trend brings to businesses suggest that the video conferencing market is set to expand even further. Moreover, experts anticipate that from 2023 to 2032, the video conferencing market is to expand at a 10% rate.
Internet of Things (IoT)
The Internet of Things, abbreviated as IoT, is a technology that allows the devices that we use in our daily lives to connect to one another. Within the system, the “things” work in synchronization through the internet and they collect, send and receive data on a local basis.
IoT technology allows devices to communicate with each other without any human intervention.
Many corporations use this IoT technology to serve their customers a more efficient service as this technology provides an improved data analysis and better decision-making for customer services.
These features create a huge opportunity for customer service to efficiently run their business through the use of IoT technology. It is very convenient to use this tech trend when meeting with both customers and workers via audio or video conferencing.
For instance, IoT technology enables corporations to hold meetings on multiple devices. Thanks to this technology, people can participate in meetings from any environment through devices that are already working in synchronization.
During meetings held over video conferencing applications, any information, file or presentation required at that moment also can be accessed instantly.
The numerous benefits it provides for corporations, both in the service and organizational aspects, prove why this technology is one of the top leading trends today.
Today, there are more than 7 billion devices that are operating thanks to IoT technology. Moreover, it is expected to grow to 22 billion by the year 2025.
The demand for such technology is increasing day by day. Experts anticipate that this tech trend will become even more widespread.
In conclusion, these 5 top technological trends have been closely affecting both people and companies since the day they emerged. While changing and improving human relations, they are also changing the way companies do business.
It seems inevitable that these technologies, which are trending in 2023, will be used more actively and become widespread in the coming years. We look forward to seeing what more technology can bring us.
