Tech Trends to Watch in 2023
The past year has been a challenging one for the tech sector as we witnessed heightened cybersecurity threats, another crypto crash, and mass layoffs worldwide. Yet, amidst the noise and chaos came slivers of light in the form of remarkable technological advancements, such as the launch of ChatGPT, the crazy smart question-answer AI chatbot that has taken the internet by storm due to its ability to provide conversational responses, write essays, and even program computers.
Pushing forward in 2023, we set our sights on some notable technological trends for the year, and some companies that are moving the industry along.
Technological advancements have improved the way we assess data and turn them into useful instruments for business growth.
One of the most significant outcomes of technological progress is the drive of data. Now, businesses are increasingly seeking prime ways to harness, process, and evaluate their data to optimise performance. As a result, data analytics, the process of examining raw data to discover trends and draw conclusions, is constantly evolving to keep up with this accelerating market.
This bodes well for businesses across all industries, as data analytics is a very useful tool—take it from Credent Technology at The Cavendish, a leading spatial information technology provider. Its key asset, light detection and ranging (LiDAR) technology, is used as an analytical tool in complex applications such as national mapping, environmental management, and land information across Southeast Asia, providing highly accurate data for traceable and reproducible measurements of the Earth’s surface, and any manmade structures on it.
Applied observability is the application of observable data across business functions and operations to produce enriched data for actionable plans.
If data analytics involves converting raw data into functional capabilities, applied observability takes it one step further and applies said data and capabilities across overlapping layers of organisational data.
In a time of information overload, applied observability sifts out all the noise and takes advantage of relevant observable data to provide insight on business improvement planning and advanced decision-making; to put it simply, applied observability helps companies plan instead of merely predicting.
Leveraging technology and industrial artificial intelligence (AI) for the changing workforce is the award-winning industrial software partner at Galaxis, AspenTech, boasting a comprehensive range of software solutions for sustainability and operational excellence. So essentially, you provide the data, and AspenTech provides the applied observability and convenience. Internet of Things
Internet of Things
Dyson invested half a billion GBP in 2020 to improve technologies for new smart products. Image courtesy of Dyson.
Something that might sound a little more familiar to us all is the Internet of Things (IoT), which refers to a network of objects that are technologically linked. Even without knowing the exact definition of this term, you probably already have a solid collection in the IoT—anything from smartphones, to toothbrushes, and the people who are inextricably connected by these devices.
For better or worse, whole cities that we know and love will soon become smart cities, and IoT connections are bound to double and triple in no time. That said, now’s the perfect time for businesses to hop onto the web (if they haven’t already done so, of course), or they might not be able to catch up.
One of the front-runners in this technological marathon is Dyson. Committed to building new technologies, the tech giant at Ascent continuously wows with forward-thinking innovations in its impressive range of smart products, including vacuum cleaners, air purifiers, and the highly-raved about Airwrap.
Whatever product they launch next, we know that it’ll be a smart one.
With the help of robotics companies like Flexiv, more industries can benefit from increased productivity through integrated software systems. Image courtesy of Flexiv.
We can’t talk about the future of tech without touching on robots. Developments in AI, machine learning, and big data are accelerating the robotic revolution in our daily lives. In fact, the uses for robots extend to all sorts of automation projects, down to domestic settings like the Roomba (robot vacuum cleaner) that might just cleaning your floor at this very moment.
On an industrial scale, Flexiv at Ascent is shaping intelligent turnkey solutions for a variety of businesses. Its army of adaptive robots and general-purpose robot AI systems are designed to overcome disturbances and uncertainty, just like the human brain, to complete tasks of higher complexity, like piecing together small parts in a circuit board.
Arthrex is a pioneer of arthroscopy, and develops more than 1,000 innovative medical products and procedures each year. Image courtesy of Arthrex.
Did we mention that robots are now used to perform surgeries too? The advances in medicine never cease to amaze! Just take a look at the breakthrough in COVID-19 mRNA vaccines in recent years as a big example of great technological growth.
As we all know, modern healthcare can’t do without its medical devices, and Arthrex at Nucleos is leading the world in product development and medical education in orthopaedics. Developing state-of-the-art products and revolutionary procedures, Arthrex continues on a path to help surgeons treat their patients better through contemporary research and technological development. To date, Arthrex has products for most any type of bone-related procedures, treatments, and the like, including bone preparation instruments, fracture management implants, and a long list of suture tools.
We’re already curious see what innovations will be developed this year.
Food Tech and Sustainability
Sophie’s Bionutrients’ advanced methods use local food waste and limited amounts of water to produce nutrient-rich protein from micro-algae in a matter of days.
As we inch closer to the monumental year 2030, which is when Singapore aims to produce 30% of the country's nutritional needs locally, Singapore faces a growing pressure to look inwards for new ways to feed its people. With the global food crisis and climate change threatening food supplies, the country can no longer rely on outside sources for 90% of its sustenance.
You may have heard of, or even tried, food made from alternative proteins like crickets and mealworms, or even algae and bacteria. That’s where food technology comes in—to discover novel food ingredients and leverage their nutritional benefits.
Food science and sustainability happen to be the specialties of Sophie’s Bionutrients at The Gemini. As the first food tech company to use micro-algae to develop food-grade proteins that will eventually be adapted to a variety of foods such as rice and plant-based meats, Sophie’s Bionutrients envisions a future where single cell proteins dominate the food industry, enabling a circular economy to support the country's 30x30 goal.
Arkema designs high-tech materials for adhesives and coatings that promote recyclability as the demand for sustainable resources grow. Image courtesy of Arkema.
Speaking of alternatives, do you know the extent of plastic use in the world? More than just the scapegoated straws and single-use bottles, plastic is an incredibly functional material that is found is almost everything—at a cost.
Knowing the impacts of potentially harmful materials like plastic on our planet, technological innovations are creating more opportunities to reduce carbon footprints while increasing resource productivity, as a growing number of businesses are changing the way they use and produce in efforts to become more sustainable.
Arkema at The Capricorn is one such company spearheading the solution to growing demands for new sustainable materials. The advanced materials designer offers specialty products including adhesive solutions, enhanced materials, and coating solutions. And before you ask, yes, these traditionally consist of plastic too.
Fortunately, Arkema has kept itself one step ahead in its sustainability efforts by improving the recyclability of polyvinyl chloride (PVC), the world's third-most widely produced synthetic polymer of plastic behind polyethylene (aka your plastic bags and bottles) and polypropylene (found in rope, clothing, toys, and more), and commercialising recycled polymers under its Virtucycle programme.
It seems again the overarching trend for the year is, you guessed it, smart everything. As we tread further into the deep end of the digital era, it’s exciting to see where the future of tech will bring us, and just how smart the world can become.