The most important technology trends for 2023 | King Price Insurance

At the beginning of last year we talked about the coolest inventions of South Africans. This year, we’re taking it a step further and delving into the top tech trends of 2023 that we think people should be ready for.

It should take you around 9 minutes to read, so strap on your futuristic tendencies, grab a cup of coffee, and let’s take a look back at the emerging tech trends that will shape our digital world over the next 12 months.

The metaverse becomes (more) real

Remember those movies about plugging into an online world and living vicariously through your avatar? This is roughly the metaverse with its immersive web experience. And this year, advances in augmented reality, virtual reality, and avatar technologies make the metaverse more real.

Microsoft is already developing Metaverse platforms for collaborating on digital projects, other companies are starting to use Metaverse technologies to conduct training and onboarding, and Accenture has built its “Nth Floor,” a virtual world that replicates real Accenture offices enables employees to complete HR-related tasks without being physically present.

There is no doubt that this trend will accelerate in 2023. So imagine a world where you or your employees walk into a stunning online office, transact business in your best corporate attire, and pan presentations in and out of focus while wowing customers and bosses like. All from the comfort of your couch and your slippers.

Digital twin for the winners

It’s more of a sequel, because there was already twinning. This year, however, our research shows that the gap between our physical world and the digital 1 will only widen due to advances in digital twin technology.

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Essentially, this technology creates a digital representation of a real-world product, process, or operation. It’s about being able to test new ideas under all possible conditions in a secure, digital environment…minus all the risks and high costs associated with real experiments.

There will be even more digital twins this year, from factories and machines to cars and precision healthcare.

Let’s 3D print the world

Alongside the rise of digital twin technology in 2023, we will also see designers and engineers using these virtual tests and then creating components using 3D printing technology.

A hilariously cool example of how this works lies in the world of Formula 1. Formula 1 teams use all of the data collected during races, including track temperatures and weather conditions, and then stream that data to digital twins of the engines and car components to do it they can run scenarios and enable design changes on the fly.

From there, 3D parts are printed based on the test results, which teams can use to take their testing to the next level.

Robots are becoming more human

Wondering why this trend even matters? Seriously, why is it important for robots to become even more human-like in looks and abilities? Look, we’re not exactly sure. It’s kind of cunning to think we could live in a world with “robot butlers” that Elon Musk is reportedly working on.

Even more amazing, however, is the thought that we could build robots to provide necessary functions for those in need, such as B. Companions for the infirm and the elderly. Well, that’s the path we’re on in 2023 when it comes to robotics.

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AI goes everywhere

Artificial intelligence has only been around for a short time, but in 2023 it will become even more real, enabling every company to create smarter products and services.

You’ve probably experienced AI without even realizing it. Some fashion and beauty retailers have been known to use AI technology on their websites to recommend clothes and lipsticks that match your style and size.

This year in particular, AI is likely to create more jobs in every business process across industries. In simpler terms, retailers will use AI to manage and automate the complex inventory management processes that go on behind the scenes. For example, we will see other convenience trends such as buying online with curbside pickup, buying online with in-store pickup, and shopping online with return in-store.

Tech will be more sustainable in 2023

We can admit that we are a bit addicted to technology. We love our phones, tablets and smartwatches, which is why the king offers super cheap portable possessions insurance for your gadgets and gizmos.

What most of us don’t know is that the technology we love is made of rare earth components. Services like Netflix and Spotify also consume enormous amounts of energy to run their massive data centers. Fortunately, there will be a move towards more sustainable technology in 2023, which is a good thing because we love this planet and we want it to survive as long as possible.

So, which of these trends excited you the most? We are no strangers to innovation ourselves, having pioneered the declining premium model in the insurance world.

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If you know something cool in tech that we haven’t mentioned and you think it’s worth sharing with the rest of us, then what are you waiting for? Split!

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