CIOInsider India Magazine

Our lives today are incredibly dependent on technology. Technology advancement has great effects on human life and the development of societies, as technology advancement has made work easier for human beings in various fields such as educational, practical, industrial, health, and other fields. According to the reports, the global digital transformation market size is projected to grow at a Compound Annual Growth Rate (CAGR) of 21.1 percent in the last forecast to reach 1,548.9 billion by 2027 from 594.5 Billion in 2022. This gives an idea about the digital transformation curve ahead of us. Here are the top 10 emerging technologies to watch out for in 2023:

Digital Immune System:
The Digital Immune System fuses the practices and technologies in order to assemble critical applications more resilient to bugs. It helps the process easier to recover, sustain their services, manage risks, and maintain business continuity. According to Gartner, businesses that invest in digital immunity will increase customer satisfaction by decreasing downtime by 80 percent. The important facts include Observability, AI-augmented testing, Chaos engineering, auto-remediation, Site Reliability Engineering (SRE), and Software supply chain security. This makes the system not crash and provides uninterrupted services, and issues get corrected fast. This helps to return the system to its default state for a superior UX.

Applied Observability:
Through applied observability, users can manage the internal state of a complex system by gathering, comparing, and examining a steady stream of data and catching issues that solve them at the earliest. In other words, it is the ability to penetrate deep into modern distributed systems for faster and automated problem detection and resolution. In order to troubleshoot the applications, observability combines telemetry data such as logs, metrics, traces, & dependencies. After that, it compares real-time to provide resources with complete and contextual information about the events they need to address. AIOps, ML, and automation capabilities can also be used to solve problems without manual intervention.

AI TriSM:
AI TriSM stands for AI Trust Risk & Security Management. It helps to ensure AI technology's role and is intended to do so in a trustworthy, fair, reliable, effective, and secure manner. Besides, it helps to protect the exchanged data, manage governance, safeguard privacy, and detect anomalies to protect the critical functions of your enterprise. It is made to exist, interact, and perform as designed. Aberrations could have drastic consequences, especially in Enterprises running multiple processes, managing numerous users, handling steady transactions, and having a heterogeneous data spread. AI TriSM comprises solutions and methodologies for managing risk, sending alerts, and taking action.

Industry cloud Platforms:
Through the Industry cloud platforms, companies can create more agility in order to manage their workloads. Businesses can expedite changes in business processes, data interrogation, and compliance procedures. They fuse platform, software, and Infrastructure as a service to fine-tune adaptability, accelerate time to value and capture the needs of vertical industry segments. According to Gartner, approximately 40 percent of respondents have already started embracing industry cloud platforms. By 2027, enterprises will use this to accelerate more than 50 percent of their critical business initiatives. Industrial cloud platforms leverage business-specific functionality and built-in data structures to quickly adapt applications to market disruptions.

Platform Engineering
It helps developers improve productivity through automation and self-service capabilities, speeds up app delivery, and enables better collaboration between operators and software developers. This leads to modernizing enterprise software delivery through reusable tools and capabilities. Getting software requires a smooth development cycle with minimal overhead, self-service capabilities, reduced cognitive load, increased consistency, increased efficiency, and seamless collaboration. Additionally, platform engineering looks to rework and build a platform in sync with the needs of its end users using standardized components and automated processes.

Wireless-Value Realization:
Wireless-value not only improves connectivity but also helps optimize processes for higher reliability, lower costs, fewer risks, and increased productivity. It combines different wireless technologies under one system, operating on a single infrastructure and leveraging the ability to facilitate a more seamless transition to digital transformation. This cost-efficient, unified, secure, reliable, and scalable technical core of the future wireless will help to reduce capital investment. The ongoing Internet of Things (IoT) wave will be able to take better advantage of new WiFi to pull data from surrounding areas. Applications are expected in areas such as position tracking, energy harvesting, radar detection, and satellite technology.

Superapps:
It is an all-in-one and versatile application which might take the position of the other numerous apps in your personal life or business ecosystem. According to Gartner, more than 50 percent of the global population will be daily active users of superapps by 2027. These superapps can also contain mini-apps that act as add-ons and provide benefits beyond the existing functionality. It helps you perform multiple tasks while handling multiple aspects and serves as a unified interface that covers multiple use cases. It plays an important role in providing value to all walks of life. WeChat, a superapp that encompasses messaging, e-commerce, payments, social media, and more, has become essential for many civilians.

Blockchain, Metaverse, and Web3:
As a trust-building technology, blockchain is expected to gain significant market share in 2023. Encryption, privacy, community control, immutability, traceability, and decentralization are the pillars of blockchain that maintain trust.

Metaverse and Web 3.0 offer different dimensions of interaction and everyday experience. AR, AI, VR, ML, IoT, and blockchain work together to create connected, secure, and immersive virtual worlds where avatars have a profound impact on our personal and business lives. It helps businesses connect directly with their customers. The Metaverse combines offline behaviors and interactions and transmits information to make these digital environments more personalized and impactful. This helps companies use their Metaverse to nurture relationships, improve brand identity, scale marketing, and increase sales.

Quantum Computing:
Quantum Computing is an advanced technology that takes business processes and industry value chains to another level. According to McKinsey, quantum computing is predicted to be worth nearly $700 billion by 2035. This will allow technology to speed up drug research and make encryption easier to crack. It operates in the quantum state of subatomic particles, where each particle represents information as a qubit. Qubits can interact with other qubits through entanglement. It has the ability to hold multiple values at once. Quantum computing is much faster than classical computation and requires a fraction of memory to perform tasks.