Key Tech Predictions for 2023
A crystal ball look into tech trends expect in 2023
The tech world is constantly evolving as people continue to innovate, human behaviours change, and information becomes more accessible. The last year 2022 was quite an eventful one. We saw the stock market and crypto crash, the Russia-Ukraine war, many layoffs by big companies like Google, Facebook and Amazon, the advent of next-gen AI modes like GPT3 that can create art and writing almost like humans, and Elon Musk taking over Twitter. All these changes
Let’s kick off our predictions for 2023:
Blockchain and Web3
Web3 has experienced significant ups and downs in the past few years. In 2022, the value of Bitcoin fell from around $50,000 to less than $20,000, and Ethereum dropped to just below $1,500. Several large crypto companies, such as Celsius, Voyager, Luna, and FTX, also faced challenges, with FTX experiencing one of the worst scandals in history.
One factor that may have contributed to the struggles of these companies is the fact that they were not completely decentralized. Decentralization has numerous benefits, particularly in the realm of finance. It allows for greater privacy, as transactions are not controlled by a single entity, and it also makes the system more accessible, as it is not reliant on a central authority.
In the coming year, we can expect to see the Ethereum ecosystem continue to evolve, with the emergence of Layer 2 solutions like Polygon, Avalanche, and Binance Smart Chain. These technologies enable Ethereum to scale and process more transactions, making it a more viable platform for various use cases including Decentralized Automonous Organizations (DAOs), Decentralized Identity and NFTs. There is also a need for interoperability in the blockchain industry, as different networks often operate in isolation from one another. Bridges such as Polkadot and Cosmos are working to solve this issue by allowing for the transfer of assets and data between different blockchains.
In 2023 there would be continued development and adoption of decentralization, scaling solutions, and interoperability technologies will likely play a significant role in shaping its trajectory. The increasing use of blockchain for a variety of applications, such as supply chain management and identity verification, also suggests that the technology has the potential to make a significant impact in a variety of industries.
Remote work
Remote work has been on the rise in recent years especially because the pandemic, and this trend is expected to continue in the coming years. In 2023, it is likely that opportunities for remote work will be more widely available around the world.
One benefit of remote work is that it allows individuals to live and work in a location that may be more desirable for personal or financial reasons. It also opens up opportunities for people in underrepresented or underserved communities who may not have had access to certain types of work due to their location.
In addition to fully remote work, it is also likely that we will see an increase in the adoption of hybrid work models. Hybrid work refers to a combination of remote and in-office work. This model allows employees to have the flexibility of remote work, while also providing the opportunity for face-to-face collaboration and connection with coworkers.
Wealth transfer
In 2023, it is expected that there will be a wealth transfer to young people in the tech industry as older, more established professionals retire or leave the industry. This shift could present new opportunities for younger professionals to take on leadership roles and shape the future direction of the tech industry.
One potential benefit of this wealth transfer is that it could lead to a greater diversity of perspectives and ideas within the tech industry. As a younger professional, you may bring fresh perspectives and approaches to problem-solving, leading to the development of innovative solutions. It could also lead to an increase in representation of underrepresented groups within the industry, as young professionals from diverse backgrounds may be more likely to rise to leadership positions.
So, don't be afraid to seize these opportunities and let your unique talents and perspectives shine. The tech industry is constantly evolving, and your fresh perspective could be just what is needed to drive it forward. Good luck!
Startups
In 2023, it is likely that the startup landscape will continue to be competitive and dynamic. While the current economic situation, characterized by a recession, may lead to a decrease in funding for some startups, this could also create an opportunity for those that are able to adapt and pivot to meet the needs of consumers in a changing market.
Startups that are able to identify and solve real problems may be particularly well positioned to succeed in 2023. As the world continues to grapple with the effects of the recession and other challenges, there will be a growing demand for innovative solutions that address pressing issues. Companies that are able to meet this demand may be more likely to secure funding and achieve long-term success.
Artificial Intelligence
In 2023, artificial intelligence (AI) is expected to continue to make significant advances and play a larger role in various industries. Recent innovations like GitHub Copilot, which uses AI to help developers write code, and DALL-E, which generates original art based on text descriptions, showcase the potential of AI to enhance and augment human capabilities.
As AI becomes more sophisticated, it is likely to create new opportunities for both jobs and entrepreneurship. One way that AI may create new job opportunities is by automating certain tasks, freeing up humans to focus on more complex and creative work. For example, ChatGPT, a chatbot powered by AI, could be used to handle routine customer service inquiries, allowing human agents to handle more complex and nuanced issues.
AI may also create new opportunities for entrepreneurship, as businesses look to incorporate AI into their operations. Entrepreneurs who are able to identify and address the needs of businesses looking to incorporate AI may be well positioned to succeed in this area.
No-code
In 2023, it's predicted that the no-code movement will continue to grow and make creating software easier for those with little programming experience. No-code platforms and tools allow people to build software and apps using visual, drag-and-drop interfaces instead of writing code. This means that even those with no coding skills can create software solutions for various purposes.
Although no-code solutions can make it easier for non-developers to build software, developers will still be needed to create the underlying no-code platforms and tools, as well as to design and maintain more complex software systems. However, the rise of no-code solutions could create new opportunities for developers to specialize in creating and maintaining no-code platforms, as well as to consult with non-technical individuals and organizations looking to build software solutions.
Web and App Development
In 2023, it's likely that frameworks will continue to make web and software development easier and more efficient. Frameworks provide a set of pre-built components and structures that developers can use as a starting point for their projects, allowing them to focus on building out the unique features and functionality of their applications. Javascript frameworks like Next.js, Solid.js and Svelte are key frontend to follow. Also there will be increased adoption of Web Assembly.
Performance is also expected to be a key factor in web and software development in 2023. With the proliferation of mobile devices and the increasing importance of fast loading times and smooth user experiences, developers will need to pay close attention to the performance of their applications. Tools and techniques such as code optimization and the use of resource-efficient languages and frameworks like Rust, Go, faster Python, .NET and Typescript will be essential for building high-performing applications. As these technologies continue to gain popularity and mature, we can expect to see them increasingly adopted by developers in the coming years.
Other Predictions
Wow, 2023 is shaping up to be an exciting year for tech! Here are a few more predictions for what we can expect:
The Internet of Things (IoT) is expected to continue to grow and become more integrated into our daily lives. We'll see more connected devices and appliances, as well as the development of smart cities and other IoT-powered infrastructure. This could lead to new opportunities for businesses and entrepreneurs looking to develop IoT-powered products and services.
Cloud computing is also set to continue its rapid growth, with more businesses and individuals taking advantage of the scalability and cost-effectiveness of cloud services. The rollout of 5G networks will also play a role in this, as faster internet speeds enable the use of more data-intensive cloud-based applications.
Overall, it looks like 2023 will be a year of exciting technological advancements that have the potential to change the way we live and work. Can't wait to see what the future holds!
Your Best is your life
If there's one tech prediction we can make with confidence for 2023, it's that the best bet you can make is on yourself. Whether you're just starting out in tech or you're a seasoned pro, there's always room for learning, improvement, and striving to be the best you can be.
By investing in yourself through learning new skills, keeping up with industry trends, and working hard to improve your craft, you'll set yourself up for success in the competitive tech industry. So don't be afraid to take risks, challenge yourself, and push the boundaries of what you thought was possible. With dedication and hard work, you'll be well on your way to achieving your tech goals in 2023 and beyond.
Phew! That's a lot
So there you have it, some of our tech predictions for 2023. We hope this has given you some food for thought and maybe even some inspiration for your own tech journey. Remember, the best bet you can make is on yourself, so don't be afraid to invest in learning, improvement, and striving to be the best you can be.
We'd love to see you at the top of the tech industry, so why not join us at the Dome Academy community? Our community of tech professionals is a great place to learn, connect, and share experiences. Plus, with our expert-led courses and resources, you'll have everything you need to succeed in tech. So what are you waiting for? Click the link below to join us at the Dome Academy community and let's make 2023 a year to remember!