Isn't it funny how a piece of technology that seemed incredible at its arrival can be outdated and clunky in just a few years? Think about the first generations of the iPhone. The initial version was revolutionary, now merely a relic in the shadows of newer models (we’re loving the new Dynamic Island 🙌).

In the spirit of innovation, we thought it would be fun to kick off this new year by taking a look at the hottest technology trends. The following five trends are set to make huge waves over the next 12 months and beyond.

1. Artificial Intelligence (AI) and Machine Learning

AI and machine learning center around advanced algorithms and software that allow computers to process and analyze large amounts of data in real-time. These tools have the goal of making better decisions and predictions in our personal and professional lives.

AI is a technology that thinks for us and has the ability to learn. Siri and Alexa are examples of artificial intelligence that have become household names. More advanced tools such as ChatGPT, an interactive model that provides answers to complex questions, have recently entered the spotlight.

We asked ChatGPT, “How will OpenAI be used in 2023?”: “Some possible areas in which OpenAI may be involved in 2023 include natural language processing, machine learning, robotics, computer vision, and other areas related to the development and application of artificial intelligence.”

Technology evolves quickly, and we’ll be keeping up with the latest and greatest that OpenAI/ChatGPT have to offer throughout 2023.

2. Internet of Things (IoT)

When I first heard about the Internet of Things, I thought to myself, “Oh, you mean the Internet… like Google.” I was way off.

The IoT entails the integration of internet-connected devices into everyday objects, such as appliances, cars, and home security systems, allowing them to communicate and interact with each other and with users. Isolated technology is a thing of the past. The synergistic abilities increase the possibilities for advanced developments that will make all aspects of life more interconnected.

This article sums up the IoT nicely as it relates to smart homes and even smart cities.

3. Virtual and Augmented Reality (VR and AR)

Reality gets an upgrade! This trend involves the use of technology to create immersive, interactive experiences that blend the physical and digital worlds. Virtual reality involves completely replacing the physical world with a digital one, while augmented reality involves overlaying digital information onto the physical world.

These tools allow us to have an advanced perception of the world around us. VR can enable people to experience and train in simulated environments. For AR, imagine cars with navigational systems that project onto the windshield and apps that allow utility workers to point a camera at the ground and see where lines are before digging. A whole new world of advanced understanding and more informed decision making awaits.

Check out what Harvard identified to be the top uses for VR/AR.

4. Blockchain

Blockchain involves the use of decentralized, distributed databases to securely store and manage data and transactions. It is often associated with cryptocurrencies, but it has applications in a wide range of industries, including supply chain management, healthcare, and real estate.

Admittedly, blockchain can be hard to conceptualize. (Deloitte makes it simpler.) Its prevalence and power are forcing companies, especially those in the financial world, to learn and adapt.

5. Cybersecurity

As the number and complexity of digital threats continue to grow, cybersecurity is becoming increasingly important. While the aforementioned trends are types of technology, cybersecurity is a practical use that has captured a lot of attention.

The aim is to develop and implement technologies and practices to protect against cyber attacks, data breaches, and other digital threats. With enterprises having access to incredible amounts of data, especially data that is private and/or personal, they have a responsibility to keep it secure.

Sophisticated attackers must be met with sophisticated preventative measures. Hence, ramping up security measures is a key focus for businesses.

Going with the Technological Flow

I hope at this point you are somewhere between inspired and overwhelmed with possibility. While these trends are already taking hold in our daily lives, it will be fascinating to see how they progress.

In times like this, it's not really possible to work against the grain. By embracing these technologies - for yourself and your company - you will find an increased ability to work effectively and delight your customers.

The implications and potential uses are numerous and only limited by the imagination. Differential's team of technology and innovation experts are here to help guide you! Reach out with any questions about how we can help your company through a digital transformation.