IT is a fast-changing industry. As a business owner, you cannot afford to be caught out when it comes to your IT needs. In 2023, there are some big changes in store for business owners. Which of these trends are you already incorporating into your business?
10 IT Trends To Consider For 2023
1. The rise of artificial intelligence (AI) and machine learning
Artificial intelligence (AI) is no longer theoretical. As a matter of fact, small businesses across the world are taking advantage of AI every day to run their businesses more efficiently. Social media posts are being automatically created by LatelyAI, blogs are being written by Jasper, and data analysis is being done by DOMO. These are just small examples of AI moving into the business arena and changing the way we work.
2. The growth of the Internet of Things (IoT)
The Internet of Things (IoT) refers to the growing network of physical objects that are connected to the internet. This includes everything from your smartphone to your washing machine. All of these devices are able to communicate with each other and share data.
The IoT is growing at an incredible rate. According to Gartner, there will be 20.4 billion connected devices by 2020. That’s an increase of 30% from 2016.
This growth is being driven by the falling cost of sensors and networking components, as well as the increasing demand for better data.
3. The rise of edge computing
Edge computing is a new way of processing data. It involves moving data processing and storage away from centralized data centers to the “edges” of the network.
This is being driven by the need for real-time data processing and the increasing demand for data storage and processing power. As a business owner, you need to be aware of this trend as it will have a big impact on the way you store and process data.
4. The growth of 5G
5G is the next generation of mobile networks. It promises to be faster, more responsive, and more secure than current 4G networks.
5G is still in its early stages, but it is already starting to be rolled out in some parts of the world. For example, AT&T has launched a 5G network in 12 US cities, while Verizon has launched a 5G network in Chicago and Minneapolis.
For business owners, 5G will eventually mean faster download and upload speeds, as well as lower latency. This will be a game-changer for businesses that rely on mobile data, such as those in the retail, healthcare, and transportation industries.
5. The rise of blockchain
Blockchain is a new way of storing and managing data. It is a distributed database that is secure, transparent, and tamper-proof.
Blockchain is being used to create new applications that are not possible with traditional databases. For example, blockchain is being used to create digital identities, track the provenance of food, and create new types of financial instruments.
6. The growth of virtual and augmented reality
Virtual reality (VR) and augmented reality (AR) are two technologies that are changing the way we interact with the world.
VR is a completely immersive experience where you are transported to a different world. AR, on the other hand, overlays digital information in the real world.
Many small business owners are using virtual reality to train their staff. Some examples include Walmart, which is using VR to train its employees, and Lowe’s, which is using VR to train its home improvement store employees.
7. The rise of chatbots
Chatbots are computer programs that simulate human conversation. They are being used by businesses to handle customer service inquiries, sales inquiries, and even marketing tasks.
Chatbots are becoming increasingly sophisticated and are able to handle more complex tasks. For example, Sephora has a chatbot that helps customers find the right makeup products and Domino’s has a chatbot that allows customers to order pizza without having to speak to a human.
8. The rise of quantum computing
Quantum computing is a new type of computing that is based on quantum mechanics. It can solve certain problems much faster than traditional computers. Business owners will need to be aware of this technology as it matures and starts to be used more widely.
Businesses are currently using quantum computing to solve problems in areas such as drug discovery, financial modeling, and machine learning.
9. The growth of data privacy and security
Data privacy and security are becoming increasingly important as we move into the digital age. Businesses need to be aware of the new regulations, such as the General Data Protection Regulation (GDPR), and the new risks, such as cyber-attacks.
The risks we face when we choose to ignore this area of business are becoming more and more real. In 2018, there were several high-profile data breaches, such as the one at Equifax, that affected millions of people.
The GDPR is a regulation that was introduced in the European Union in 2018. It requires businesses to take steps to protect the personal data of EU citizens.
The GDPR applies to any business that processes the personal data of EU citizens, regardless of whether the business is based inside or outside the EU.
10. The growth of digital twins
A digital twin is a digital copy of a physical object or system. It is used to simulate and test changes before they are made to the real thing.
Digital twins are being used in a variety of industries, from manufacturing to healthcare. They are becoming increasingly important as we move towards a more data-driven world.