Many organizations had anticipated that the post-pandemic growth would continue in 2022. Instead, they experienced a harsh awakening due to broad increases in inflation, energy shortages, and the decline of the tech sector.

Due to this challenging economic landscape, it is an excellent moment to modify how we conduct business and a pivotal time to adopt new technological solutions that aid organizations in navigating these times and utilizing them as a competitive advantage.

We examine the technological changes that will impact business in 2023 and recommend that you keep up with them.

6 Technology Trends Reshaping 2023

1. AI and Security Everywhere

Securing the data transmitted across smart grids will be one of the important themes for 2023, closely related to IoT devices. Companies will prioritize enhancing these gadgets’ security capabilities, and artificial intelligence will play a key role in this effort.

With the development of 5G, more gadgets will be able to connect, and communications will be faster. AI and machine learning enable decision-making processes to be swiftly automated and enable the creation of patterns from incomplete or altered data, bringing a more proactive approach to security solutions.

The algorithms gain knowledge from reliable threat data, which enables them to identify risks more quickly, achieve a low margin of error, foresee potential threats, and assist cybersecurity professionals in developing stronger policies.

2. Wearable Medical Devices

By 2023, more people will be using wearable technology to check their personal fitness and health and monitor patients from a distance. The IoMT (Internet of Medical Things) has grown quickly in recent years from basic monitoring devices for vital signs like heart rate and blood oxygen levels to smartwatches with ECG capabilities, smart textiles that can detect blood pressure and foretell the likelihood of heart attacks, and smart gloves that can lessen Parkinson’s disease patient’s tremors.

In addition to physical sickness, there is an increasing focus on creating wearable technology that is able to track and identify symptoms of mental illnesses. We may soon start to see medical wearables including some of this capability, as research published this year demonstrated how physical indications like activity levels, sleep patterns, and heart rate may be used to determine when people may be at risk of depression.

3. Internet of Behavior (IoB)

A new communication protocol and ecosystem called the Internet of Behavior (IoB) are being created to make it possible to track, manage, and model human behavior. In essence, it’s an expansion of the Internet that will enable technology to respond to human emotion by observing how users interact with their digital tools. It could be applied in professional contexts as a means to track and comprehend the client experience.

This technology will enable companies to more accurately predict client behavior, making it one of the newest trends in software development.
IoB makes use of applications, sensors, wearables, and other tools to gather information about how users interact with their devices and turn that information into useful business data. The technology has been released gradually over the past few years, and some reports claim that by 2030, it will be worth $2 trillion.

4. Virtualizing the Clinical Trial

The path to commercialization for potentially life-saving medications and therapies is steep.

A successful medicine takes 10+ years and $2.6B on average to study, develop, and commercialize. A new method of cutting costs and speeding up timelines while minimizing the danger to human or animal test subjects is the silico trial, which uses computational models to predict how a medicine, medical device, or intervention will influence a virtual population.

Although the technology is still at an early stage, medical devices and pharmaceutical companies have recently begun to employ it more frequently.

5. Development of Autonomous Systems

Business leaders will keep developing autonomous systems, notably in the delivery and logistics sectors. Many warehouses and factories have already attained partial or complete autonomy.

By 2023, more autonomous cars, ships, and delivery robots will be on the road and more automated factories and warehouses.

6. Growth of Python

Python is a language that may be used for any type of modern development. This language is applied for web development, mobile development, or enterprise projects. Indeed, python’s capacity to enable performing sophisticated mathematical operations, data analysis, machine learning, and neural network construction sets it apart from other universal languages.

After Java and C, the language is now ranked third in terms of popularity. Its growth rate is incredible; the demand for the language doubled. Additionally, Python doesn’t take long to learn and may be used for very complicated projects by programmers with higher degrees of expertise.

To sum up, businesses that are focused on innovation and quickly adopt new technologies stand out from the competition when times are rough. Nothing will change in 2023. Businesses that are prepared to try out new technologies and invest in building infrastructures to support these experiments without putting customers at risk will succeed.

About ITJ
ITJ is devoted to serving fast-growing and high-value market sectors, particularly the Internet of Medical Things (IoMT), working with innovative medical device companies looking to improve people’s lives. With a unique BOT (build, operate, and transfer) model that sources only the best digital talent available, ITJ enables companies in the US to create technology centers of excellence in Mexico. For more information, visit www.itj.com.

What Does the Future hold for Technology? For CIOs and IT leaders, the top strategic technology trends for 2022 will advance digital capabilities and drive success by addressing common business concerns. In addition, they provide a blueprint for distinguishing your company from competitors, achieving business goals, and establishing CIOs and IT executives as strategic partners.

So here are the top 3 technology trends for 2022:

1. Cybersecurity Mesh

Although cybersecurity mesh has generated a lot of noise over the last decade, it remains one of the hottest new technology trends due to its significant impact on how we live and work.

Cybersecurity mesh is a flexible, modular design that connects various security services that are widely spread. It also enables best-of-breed, stand-alone security solutions to collaborate to boost overall security while bringing control points closer to the assets meant to safeguard. Furthermore, it can validate identity, context, and policy adherence in the cloud and non-cloud contexts rapidly and reliably.

The priorities of security and risk leaders focus specifically on privacy legislation, ransomware attacks, cyber-physical systems, and board-level scrutiny.

For more cybersecurity information oriented to IoMT, you can read IoMT and Medical Device Cybersecurity.

2. Cloud-Native Platforms

Cloud-native platforms are technologies that enable you to create new application architectures that are robust, elastic, and agile, allowing you to react quickly to digital change. Cloud-native solutions improve the typical lift-and-shift approach to the cloud, which misses out on the benefits of cloud and complicates maintenance.

As the internet becomes more widely used, cloud computing rises to the fore to assist businesses in disrupting the traditional IT delivery paradigm. Third parties can supply various software tools and enterprise IT resources over the internet, allowing the transition from physical to virtual. According to this study, medium-sized businesses find it 40% more cost-effective to employ third-party cloud platforms than maintaining an in-house system.

3. IoMT

Another promising new technology trend is the Internet of Medical Things (IoMT). The healthcare and life sciences industries have seen significant changes due to technological breakthroughs in healthcare information technology (healthcare IT).

According to this analysis, the worldwide IoMT market was worth USD 41.17 billion in 2020. The pandemic’s worldwide effect has been unprecedented and astounding, with the IoMT reporting a positive demand impact across all areas. During 2021-2028, the IoMT market will increase at a CAGR of 29.5 percent, from $30.79 billion in 2021 to $187.60 billion in 2028. The increase in CAGR is due to the demand and expansion of this industry.

Here, at ITJ, we are devoted to serving fast-growing, high-value market sectors specializing in the Healthcare and Life Sciences industry that contribute to the growth of the Cali Baja region. With a Nearshore model, working with the highest quality software engineers, data scientists, and creative designers from across Mexico and Latin America, ITJ enables companies to create world-class software engineering centers of excellence in America. For more information about our experience, you can read about the New IoMT software engineering facility in Tijuana.

Tag: tech trends

Trends Reshaping Tech Industry in 2023