As Steve Jobs said – ‘Let’s go invent tomorrow instead of worrying about what happened yesterday.’ Advancements, inventions, and improvements in the technology world is progressing at breakneck speed. It takes a lot for our modern workforce and enterprises to keep up with the pace of technology. Geo-political and macroeconomic factors have an impact on tech trends as well.

At this very moment, certain economies around the world are either in a state of recession or on the path of slowdowns. Global wars are continuing with no end in sight, and with winters underway, oil and energy prices can shake the fundamentals of nations. Several countries are hit by severe political instability, and lest we forget the pandemic is not yet behind us. There has been significant change in the supply and demand of talent as well. If you recall, there was a period popularly known as ‘The Great Resignation’, followed by a period of unrealistic demand and thereby inflated cost of talent.

Very recently, we have begun seeing considerable reduction in the workforce, across several global firms. Add to this, the complexities associated with remote work. Another important factor is the proliferation of the internet and mobile devices, where the rollout of 5G will further accelerate its usage and associated applications. These macro factors can have its say on speed, quality, and cost of innovation.

When I look forward to 2023, I feel cost will be a major factor – value for money, combined with creative and incremental innovation, without compromising on stability, is going to be the key. Businesses will need to conserve and preserve cash, while making progress on key offerings without having stability issues or application/security outages. Have a future-ready and stable workforce, including a good pipeline of talent from top tier universities, can be potent combination for success.

My top picks for 2023 tech trends, would be:

AI and ML will finally enter mainstream – AI & ML is the blue-eyed wonder boy waiting in the wings for his chance to make it to the playing squad. Come 2023, with the several offerings by various cloud providers and other open-source platforms, enterprises and engineering teams will finally start integrating AI & ML into the heart and soul of their functional offerings. Read More

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This article on Dataquest was contributed by our team member Monish Matthias.