Technology is changing at an exponential rate and is influencing how we can and should do business. As tech is our thing, we can’t help but keep an eye on what’s what.
Last year we spent a lot of time studying and trying out new tech (our CEO, Ty, even went as far as building two robots using AI and 3D technology), and it’s given us a good idea of which tech is hot in 2023.
Below we disclose an overview of our top 5 tech’s to watch out for this year.
1. Artificial Intelligence (AI)
Artificial Intelligence is a name that has been thrown around since the 1950s from theory to Sci-fi books and movies to it becoming a reality in the 1980s. AI is forever improving, it is a constellation of many different technologies working together to enable machines to sense, comprehend, act and learn with human-like levels of intelligence.
We already see this in Machine Learning and natural language processing technologies. Each technology is evolving along its path and, when applied in combination with data, automation, and analytics, can help organisations achieve their goals.
Some examples are improving a business’s customer service with tech like digital assistants, optimising a business’s supply chain, and don’t forget the AI we see in the movies (the Matrix, Avatar, etc).
Artificial Intelligence remains an extension of human capabilities, not a replacement, and can be a great asset to businesses.
2. DevOps
In today’s very high-paced business culture, the ability to produce vast amounts of output with minimal post-production flaws led to the birth of DevOps, a combination of development and operations.
DevOps is a business approach that enables speedier software development and relatively simple upgrades to already existing deployments. DevOps promotes faster, more predictable versions by assisting organisations in strengthening linkages between Development, Operations, and other stakeholders within the organisation through the application of best practices, standardisation, and new techniques.
An example is automation software like Warehousing Management, and Enterprise Resource Planning Systems (ERP’s).
If you’re a business and haven’t yet been introduced to DevOp’s now is the time.
3. Cybersecurity
With the debacle of last year’s security breaches with big companies like Optus and Medibank, the word Cybersecurity is now at the forefront of many business meetings.
According to the Vanta 2022 State of Security Report out of the 500 start-up companies they surveyed, 75% stated that they needed to improve their security.
It is a hot new avenue to venture into and also invest in, according to the Adecco group with Cybersecurity in the top 10 fastest growing tech jobs in the industry. The Australian government is now being pressured to lift the nation’s security stance and follow the United States to complete industry-specific regulatory standards to strengthen the specific vulnerabilities that are unique to each sector.
Companies need to be vigilant about their cybersecurity, keep up to date with current and new regulations and safeguard their organisation.
4. 3D Technology
3D (three-dimensional technology) is part of computer graphics that includes developing, analysing, and displaying three-dimensional objects in a two-dimensional space like your desktop screen. 3D technology can create a photorealistic digital prototype of a real-life object such as a building, aircraft, or tree.
3D Technology can be advantageous for the environment, cutting out a lot of material wastage in the construction and manufacturing industry, and will also cut out costs.
After building a few robots using the 3D technology, BrainStorm CEO Ty, thinks that manufacturers should use the technology for their prototypes.
“It’s hard to see it won’t become commonplace for all manufacturers to use this technology (3D printing) for prototypes at minimum, and in my opinion, the companies embracing it now will be those who lead later.”
5. Quantum Computing
Quantum computing is a rapidly emerging technology that uses the laws of quantum mechanics to solve problems too large or complex for traditional computers. Quantum computers rely on qubits to run and solve multidimensional quantum algorithms. Qubits can be made from trapped ions, photons, artificial or real atoms, or quasiparticles, while binary bits are often silicon-based chips, making Quantum computing immensely different from classical computing.
The problem with Quantum computers is their processing speeds, which are necessary to stimulate molecular-level quantum mechanics.
Quantum Computers, however, are already assisting with AI, Cybersecurity, Drug Development, and Financial Modelling, to name a few.
These are just a few of the many technologies to watch out for this year, and who knows, they might even be the perfect fit for your business.
