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Top 19 New Technology Trends Emerging in 2023
Top 19 New Technology Trends Emerging in 2023
Top 19 New Technology Trends Emerging in 2023
for everyone. The rate at which technological advancement is taking place is almost
exponential today. For business organizations, new technology helps to reduce costs,
enhance customer experiences and increase profits.
According to Statista, nearly 50 billion devices will have internet connectivity by 2030.
With the COVID-19 pandemic boosting businesses’ digital transformation journey, this
goal is closer than anticipated. The familiarity with the latest IT technologies hold the
key to advancing your career and exploring new opportunities.
So, what does that exactly mean to you? It means getting all the relevant skills that can
help you to secure a job in future with attractive salary packages. Keeping this in mind,
we have curated a list of top new emerging technology trends that will witness
prominent growth in the near future.
Machine Learning (ML) is a part of AI and uses supervised learning to learn new
functions. It has seen a massive surge in demand for skilled professionals, making it an
attractive trend to watch. According to Forrester, AI and Machine Learning will be
responsible for 9% of all new jobs in the US by 2025.
Here are some popular job options in AI/ML and their respective salaries as per data
collected from various authentic sources:
Note that these salary ranges can vary depending on factors such as location, years of
experience, industry, and company size. These are just rough estimates to give you an
idea of the average salaries for these job roles.
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Like AI and Machine Learning, RPA is a rapidly advancing future technology that
automates many jobs across different industries. McKinsey has analysed that fewer
than 5% of jobs today can be entirely automated, but nearly 60% can be automated at
least partially.
RPA offers several new career options and trajectories such as a programmer, project
manager, business analyst or consultant. It also opens doors to high-paying jobs with a
moderate learning curve in leading organisations. Choosing this emerging technology
as a career move can profit you immensely.
Here are some popular job options in RPA and their respective salaries as per data
collected from various authentic sources:
3. Edge Computing
Today, millions of data points are collecting user information from various sources such
as social media, websites, emails, and web searches. As the amount of data collected
increases exponentially, other modern technologies like cloud computing fall short in
several situations.
Till a decade back, Cloud Computing was one of the fastest-growing technologies.
However, it has become fairly mainstream, with the market dominated by major players
such as Amazon Web Services (AWS), Microsoft Azure and Google Cloud Platform.
As more organisations adopted Cloud Computing, they found several limitations in the
technology. Edge Computing helps to bypass the latency that Cloud Computing causes
and helps organisations to get data into a data centre for processing. It can exist ‘on
edge’, in the sense that it is closer to where the data processing will ultimately take
place. Edge Computing is used to process time-sensitive data in far-off locations with
limited or no connectivity.
Here are some top job options in this new technology with their respective salaries:
Note that these salary ranges can vary depending on factors such as location, years of
experience, industry, and company size. These are just rough estimates to give you an
idea of the average salaries for these job roles.
You May Also Like: Machine Learning Certification: Everything You Need to Know
4. Quantum Computing
Quantum Computing is a type of computing that focuses on developing computer
technology based on the principles of quantum theory. This theory explains the
behaviour of energy and materials on atomic and subatomic levels. In other words, it
performs calculations based on the probability of an object’s state before measurement
instead of just 0’s and 1’s.
Quantum Computing can easily query, analyse and take action based on given data,
regardless of the source. It played a major role in preventing COVID-19 and developing
new vaccines. These computers are exponentially faster than normal computers. The
revenue for the Quantum Computing market is projected to cross $2.5 billion by 2029.
You need experience with quantum mechanics, linear algebra, machine learning, and
information theory to enter this field.
Here are some popular job options in quantum computing and their respective salaries:
By 2024, AR and VR are expected to integrate into our everyday lives much more
deeply than today. They have huge potential and possible applications in training,
entertainment, education, marketing and therapy or post-injury rehabilitation. It is also
widely used by advertisers and brands to create new immersive experiences for their
customers.
Starting a career in VR or AR doesn’t require too much specialisation. Basic
programming skills and a forward-thinking mindset coupled with optics as a skill set can
help you easily secure a job in this field.
Here are some top job options in this latest technology with respective salaries:
6. Blockchain
Blockchain was popularised in the context of cryptocurrency and Bitcoin and the
security it provides. However, it offers security that can be useful in several other ways
as well. Blockchain can be defined as data that you can only add to, not take away or
alter. It results in many sections of data which form a ‘chain’, hence the name
Blockchain.
The fact that existing data cannot be altered or removed makes Blockchain a highly
secure technology. Blockchains are consensus-driven, which means no single person
or organisation can take control of the data. There is no need for a third party to oversee
transactions.
As more industries adopt and implement blockchains, the demand for skilled blockchain
developers has also increased. It requires the hands-on experience of programming
languages, basic knowledge of OOPS, flat and relational databases, data structures,
networking and web application development.
Here are some current job options in this latest technology and their respective salaries:
There are hundreds of real-life Internet of Things (IoT) applications - from tracking
activity using smart devices that connect to your phone, to remotely monitoring home
doors or switching applications on and off. Businesses also use IoT for many things like
monitoring activity in remote locations from a central hub and predicting when a device
will malfunction so that corrective measures can be taken before it’s too late.
It is predicted that by 2030, over 50 billion devices will be connected via the Internet of
Things. Global spending on this latest technology will reach an estimated $1.1 trillion in
the next two years. IoT is currently in its initial stages and will advance rapidly in the
near future. It requires knowledge of AI and Machine Learning fundamentals, as well as
information security and data analytics.
Here are some popular job options in IoT and their respective salaries:
8. 5G Technology
5G technology has the potential to change the way we see the online world. 3G and 4G
technology transformed how we interacted with mobile devices, enabling faster internet
browsing, using data-driven services, and increasing bandwidth for live streaming.
Here are some current popular job options in this emerging technology:
Please note that these are just rough estimates and the actual salary ranges may vary
based on various factors.
9. Cybersecurity
Since the dawn of computers, cybersecurity has played a major role in ensuring safer
user experiences. It is not a new trend, but given that technological advancement is
rapid, cybersecurity measures need to be constantly upgraded and improved. Threats
and hacking attempts are growing in number and intensity, which calls for improving
security protocols and strengthening systems against malicious attacks.
Data is the most valuable asset today, and hackers are constantly trying to steal data or
information. This is why cybersecurity will always be a trending technology and need to
constantly evolve to stay ahead of hackers. Demand for cybersecurity professionals is
growing three times faster than any other tech jobs today. More and more businesses
realise its importance, resulting in businesses spending about $6 trillion on
cybersecurity by 2022.
Cybersecurity job roles transition from the ethical hacker to security engineer to Chief
Security Officer. The pay is significantly more than in other technology job roles due to
its significance in ensuring a secure user experience.
Note that these salary ranges are approximate and can vary based on several factors
such as location, years of experience, industry, and company size.
Here are some popular current job options in full stack development:
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11. Computing Power
The digital era has computerised every mobile device and application, firmly
establishing computing power in this generation. Data scientists have predicted that the
infrastructure used to harness this computing power is only going to evolve in the
coming years. Computing power is giving us advanced technology to make our lives
better and is also creating more jobs in the tech industry. Fields like data science, data
analytics, IT management, robotics, etc have the potential to create the largest
percentage of employment in the country. Many international brands and companies
hire from India because of the specialised training widely available in the country. The
more computing our devices need, the more specialised professionals will be required
and the economy will flourish as a result.
With more and more devices connecting to the internet and more users adopting digital
technology, this new technology is going to play a significant role in the Big Data,
analytics, development and predictive analytics domains. You may have heard of IoT
technology that comprises a physical device network of devices connected to the
internet where each device can communicate with the other. In the future, more gadgets
are going to become ‘smart’ and get added to the network, such as automobiles and
home appliances.
16. DevOps
DevOps combines the development and operations departments within an organisation
to help enhance and automate the process of software development. DevOps has two
leading applications within an organisation:
17. 3D Printing
3D printing has become a key technology used to create prototypes, especially in the
industrial and biomedical fields. 3D printers allow you to create a real object from a
printer! Needless to say, this cost-effective innovation is here to stay. Brands and
companies that work in the healthcare, data and industrial sectors need 3D printing of
their products, which has boosted the requirement of people specialising in Machine
learning, 3D printing, modelling and AI.
18. AI-as-a-Service
Several as-a-service offerings exist today such as PaaS, IaaS and SaaS. AI-as-a-
service is a cloud-based solution that offers AI-based capabilities. Several AI providers
are offering this service in several fields and industries. It gives organisations AI access
to advanced features and capabilities without having to invest in costly hardware or gear
maintenance.
The biggest pro and con of living in a fast-changing world is that you must keep yourself
updated and learn for life to stay relevant. Upskilling and growing have become
exponentially more rewarding as the demand and remuneration for such professionals
are skyrocketing. Boost your career in tech by learning from the best at Koenig
Solutions.