In the digital era, change is happening faster than ever. The global pandemic necessitated the need for digital transformation strategies and now, in the post-pandemic age, we expect transformation to continue changing our lives for good.
Come 2023, we at NVISH, think that global organizations will continue to work at this speed, but will shift their focus to maintaining more efficiency, sustainability, scalability, and security across their operations as they innovate to evolve.
As we approach the year-end and are getting ready to welcome the new year with renewed vigor and hope, understanding the digital trends that may create a buzz in 2023 is important. We believe these trends will decide the future course of action for futuristic companies and help them chart their digital transformation strategies.
The global pandemic has ensured that virtual collaboration and meetings gain momentum as humanity needs to stay connected always – a trend that is here to stay. Organizations must harness the power of technological advancements to evolve seamlessly and remain relevant in the new digital era.
With the new ways of working in place, work flexibility will stay on to boost inclusivity, productivity, and modernization. Moreover, with 63% of organizations leveraging the hybrid work model, virtual training sessions are taking upskilling beyond brick and mortar.
Hence, it is safe to say that virtual meetings and collaborations will increase in the future backed by productivity tools, virtual event platforms, and more.
Automation for efficiency
Investment in automation will surge as companies aim to do more with less, amidst rising economic uncertainty, to accelerate digital transformation and drive efficient growth.
Global skills shortage will continue to drive automation investment in 2023, to supplement existing workers and unlock new business capabilities.
No-Code & Low-Code development platforms
Research shows that No-Code development platforms will continue to dominate in 2023 as the app development market is likely to witness stupendous growth, with the rise of citizen developers who are keen to advance their digital transformation journey. These emerging trends could help organizations maintain their legacy architecture while delivering an improved digital experience to customers.
Simply put, SaaS is a growing industry and one of the best ways for companies to grow their business on a global scale. By offering software on subscription rather than selling physical copies or licenses, companies can get paid over a course of time rather than upfront, meaning they don’t have to wait months to receive payment. It also allows them to focus more on providing value rather than negotiating with buyers and collecting payments to keep their business afloat (not everyone has access to venture capital).
We are living in the era of the Internet of Things (IoT). By 2025, the amount of data generated by IoT devices is expected to reach 73.1 zettabytes and by 2030, IoT devices are likely to reach 25.4 billion. To cope with this data tsunami, Edge Computing is emerging as the new computing paradigm, thereby enabling real-time data processing fast.
Some of the benefits of Edge computing include:
As data is increasingly becoming the most valuable resource, cybersecurity remains a priority for all IT services. Companies have now implemented multi-level security approaches to eliminate risks and safeguard their business data. Moreover, as technology becomes more accessible, chances are cybersecurity will become more critical to keep enterprises safe and drive unique business opportunities.
Frictionless digital experience
For 2023 and beyond, the frictionless digital experience is likely to become more prominent to attract new clients and gift them a memorable experience. With technological advancements comes the growing need to have a simple yet intuitive experience in the hyper-connected world.
Augmented reality (AR), a technology that makes online shopping a more immersive and tangible experience is one of the most happening trends in 2023 and beyond. AR blends the real and the virtual world seamlessly by layering digital objects over real-world scenarios. Advancements in AR applications in myriad industries will help brands develop their identity and deliver a completely new experience to their customers.
Sustainability across sectors
Environmental sustainability is among the biggest challenges facing us today. Hence, it makes sense that environmental, social, and governance (ESG) propositions create value in 2023 and beyond.
Businesses and governments must accelerate their digital transformation by adopting sustainable business models, reducing emissions, and ensuring a low environmental footprint to boost people’s lives and create a better world for generations to come.
As 2022 was declared ‘the year of hybrid work’, 2023 is gearing up to be another fascinating year in technology. It is our best path forward as we return to the new normal and look forward to the next era period of economic growth.
Contact us at https://www.nvish.com/contact-us.