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2024 has witnessed disruptive technologies like artificial intelligence, natural language processing, machine learning, computer vision and allied technologies dominate the tech world and business revenues. These disruptive technologies from enhanced artificial intelligence accessibility, to the rise of augmented and virtual reality, contribute massively to game-changing ideas that are ready to bring a ground-breaking change in the way business enterprises function. This year, we will see these trendy technologies dictate how business function and what new products and services will be offered to the customers in the near future. Here is a list of the technology trends that will disrupt and reshape business enterprises in 2023.1. Citizen AI: Artificial Intelligence to Welfare Business & Society 2. Augmented Reality
Haven’t you have rolled out laughing at the innovative filters of Snap chat, that’s augmented reality to the forefront for you! Recently Apple introduced ARKit to make it easier for developers to integrate augmented reality into their iPhone apps. Research firm Gartner predicts that by 2023, VR, augmented reality (AR), and mixed reality (which is a combination of the two) will be deployed by 20% of the large business houses. In a recent MIT survey of nearly 300 companies conducted to analyze what makes a great employee experience, researchers found investments in video technology lead to innovation, as well as improved collaboration and productivity. In the times to come, video tech will continue to simulate and improve face-to-face communication armed with new features, like virtual reality (VR) and augmented reality to redefine communication and entertainment.3. The Internet of Things
The era of the Internet of Things (IoT) has finally arrived. Organisations taking IoT seriously are committing their investments into the IoT Technology via robotics, AI, and immersive experiences. However, exploiting the IoT opportunity will take proper planning and investment from the business enterprises. Organisations will need a strategy to identify quick wins in the IoT space, bringing these intelligent environments to life with IoT will require adding requisite skillsets and workforce capabilities. This will also require modernizing the current enterprise technology infrastructures. Another concern for IoT adoption will be strengthening security parameters to offer intelligent business solutions.4. Cloud Technology 5. Cyber Security
Organisations rely on data to run the business; this dependence is making enterprises exposed to a new kind of vulnerability. This vulnerability involves inaccurate, manipulated, and biased data that may give skewed decisions and also run to increasing costs. To address this challenge, enterprises must be ready to address the dual concerns arising out of data veracity and data manipulation or biases concerns. With increasing dependence on data and cloud computing cyber-attacks are becoming common and an expensive deal. No organization size, type or industry is immune from this danger. As per the latest UK government Cyber Security Breaches survey, more than 75% of British businesses enterprises have experienced a cybersecurity breach or attack in 2023. Astounding isn’t it? 2023 will be the year of protecting the enterprise data. The coming months will see new improvements in cybersecurity. Massive investments are been deployed in security technology to help organizations defend against and detect potential attacks.6. Machine Learning
Machine learning will be the buzzword behind the technology innovations in 2023. In the times to come, Machine learning will be a key driver of revenues and value addition to enterprises. This trendy technology will contribute in mammoth capacities particularly in the area of security, retail and healthcare. Machine learning is developing path-breaking healthcare solutions and delivering more sophisticated security analysis. 2024 will see a wider adoption of software solutions that enable the organization to conduct anomaly analysis using machine learning algorithms. This will see behavioral analytics applied to network activity for better online recommendations, personalized healthcare solutions and fastest route suggestions on digital maps.7. Voice-Controlled Chatbots 8. Blockchain
Gone are the days where blockchain was restricted to the financial services sector. The year 2023 will witness blockchain technology spread its wings in domains like improving the supply chain and addressing security blockchain algorithms and will command a disruptive influence in modern commerce, healthcare, retail, the public sector and other areas.
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Hyperautomation is one of the top 12 strategic technology trends of 2023 according to Gartner. It is a business approach that aims to identify and automate all business and IT processes that can be automated. In this article, we’ll explore the top 4 trends in hyperautomation to guide businesses that are embarking on their hyperautomation journey.1. Intelligent automation that goes beyond routine processes
Robotic process automation (RPA) has been one of the most popular technologies in the shift to digital transformation in the enterprise. However, hyperautomation requires automation tools to have cognitive abilities for end-to-end process automation. That is why intelligent automation is one of the core technologies within hyperautomation efforts. It is the combined use of RPA with artificial intelligence (AI) technologies such as:
and more. AI-powered automation can execute rule-based as well as more complex processes end-to-end and work with both structured and unstructured data. This helps improve process efficiency and free up employee time for more value-added tasks.
Most of the major RPA vendors provide either built-in cognitive capabilities or marketplaces to add customized cognitive capabilities for intelligent automation. Feel free to check our article on RPA marketplaces for more.2. Process mining is one of the core hyperautomation technologies
Automating business and IT processes is at the core of hyperautomation, so it is important for businesses to have visibility over the processes to be able to determine which processes to automate and how to automate them. Process mining enables businesses to:
Understand the as-is state of their existing processes,
Identify process improvement opportunities,
Prepare processes to get the most from automating them.
It is reported that by using process mining during RPA implementation, businesses can increase the business value by 40% while reducing RPA implementation time by 50% and RPA project risk by 60%.
The synergy between process mining and automation is evident and major intelligent automation vendors have either integrated process mining capabilities in their solutions or partnered with process mining vendors for integration.3. Digital twins will go hand in hand with hyperautomation
As hyperautomation involves a holistic approach to automation in an organization, it can benefit from creating a digital twin of an organization (DTO). A DTO is a virtual representation of an entire organization including products, services, processes, employees, and other assets. The market for digital twins is expected to be $36 billion by 2025 and the enterprise hyperautomation efforts can be one of the driving forces of digital twin adoption in business.
A DTO helps:
Analyze individual processes and the interactions between them,
Identify inefficiencies of products, services, or processes,
Run simulations and conduct predictions about the outcomes of changes in processes, products, or services.
Digital twins provide real-time visibility and intelligence over entire processes and assets of businesses. This can help businesses develop strategies for their hyperautomation initiatives and analyze how to:
Improve processes before automation,
Manage the relationship and integration between different automated processes.
Explore how a DTO enables automation, data-driven strategy designing, and mitigating risks in your RPA initiatives in-detail.
Another emerging trend for digital twins is the integration between process mining and DTOs. Some process mining vendors offer DTO capabilities to help businesses facilitate their automation journey and de-risk process modifications.
Read our complete guide on process mining and digital twins for more.
Since hyperautomation requires rapid identification and automation of as many processes as possible, the democratization of AI/ML development and bot creation becomes a crucial part of it.
Low-code and no-code AI and RPA tools enable non-technical personnel, called citizen developers, to create AI and automation applications with a visual and drag-and-drop interface. According to Gartner, 70% of new applications developed will use low-code or no-code technologies by 2025. Low and no-code development provides benefits such as:
Easier involvement for domain experts that know the details of business processes,
Reduced time for developing and programming automation applications,
Reduced necessity to invest in hiring or training technical staff,
Simplified management and maintenance of automation bots.
Feel free to check our articles on no-code RPA, no-code AI, and low/no-code software development for more.
If you have other questions about hyperautomation and its trends, we can help:
Cem regularly speaks at international technology conferences. He graduated from Bogazici University as a computer engineer and holds an MBA from Columbia Business School.
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After years of accelerated digital transformation and fast data migration to the cloud, sensitive data is everywhere and more accessible than ever. While this is fantastic news for analytics programs in data-driven enterprises, it also increases risk. As businesses utilize and exchange more sensitive data, the risk of breaches and leaks increases. In 2023 alone, internet titans such as Apple, Meta, Twitter, and Samsung all disclosed security breaches involving sensitive customer information, and these concerns are only becoming worse. The worldwide privacy landscape is ever-changing. That puts businesses and privacy specialists in the difficult position of ensuring that their present systems and processes can stay up. This article discusses significant privacy trends to watch for in 2023, as well as suggestions for improving your privacy practices and preparing for the future.
1. DATA LOCALISATION: Data localization legislation is becoming the norm around the world. They are a collection of rules for storing and processing data in the same country where it was acquired. According to research, by 2024, 75% of the world’s population will have privacy laws protecting personal data. While there are no data localization requirements in the UK, there are strict controls governing international data transfers. But, if your organization does worldwide transactions, you may be required to follow different data privacy rules in other nations. This is already evident in China’s Personal Information Protection Law (PIPL), which mandates enterprises collecting data on Chinese residents to store that data in China.
2. Artificial intelligence (AI) legislation is becoming more prevalent. The EU Artificial Intelligence Act will be introduced soon. This rule will divide AI applications into three risk categories and will apply to connected product producers. The three categories are as follows:
Unacceptable risk – This includes software utilized by the government, such as social scoring applications. These applications will be prohibited.
High risk – This category includes products such as CV assessment software. They will be extensively scrutinized.
Low risk – These are all other apps that aren’t directly addressed by the AI Act.
3. CROSS BORDER PRIVACY: While moving data from one nation to another, businesses must respect cross-border privacy guidelines. This means that international data transfers to third countries are only permitted in the UK and the EU under specified restrictions and safeguards. Binding Corporate Regulations (BCR) apply to multinational corporations and their internal data transfers, and Standard Contractual Clauses (SCC) are contract clauses that have been pre-approved by the European Commission. According to the SCCs, EU enterprises must complete Transfer Impact Assessments (TIAs) to ensure that the data importer in the third country to which they are transferring data has adequate data privacy safeguards in place.
4. Businesses are likely to utilize less third-party cookies. Customers want more privacy (including clarity, choice, and authority over how their data is used), and the online ecosystem must adapt to satisfy this growing demand. Third-party cookies are being phased out as a result of this trend. Instead, by the end of 2023, businesses may be forced to rely on first-party data (information gathered directly from customers) for marketing purposes.
And when cities are becoming smarter, the traditional methods of governing would not suffice. That’s why the government is taking new eGovernance initiatives that are laced with the latest technologies. Digital transformation in government is here and each government agency is taking required steps to ensure smooth eGovernance. By eGovernance inFour Stages of eGovernance
The government has crossed the most crucial stages of eGovernance, starting from having an online presence, to allowing digital interaction opportunities to citizens, and ensuring digital transactions like paying of taxes, fees, etc. Now, it aims at reaching the fourth stage of eGovernance to make the smart cities truly smart. This is the transformation stage where it seeks to improve its functioning through e-means like automation, RPA, data collection, and much more. The inhabitants of these smart cities would get to enjoy various e-benefits like e-consultation, e-democracy, e-participation, and policymaking. As smart cities lead towards a government digital transformation, the citizens would get everything online.Challenges in Smart Cities & eGovernance
The government launched the smart city initiative back in 2024 but is still fighting several odds and challenges. There have been not one, not two, but many challenges to the smart city plan and eGovernance in these cities. Whether we talk about the illiteracy of the people, their unwillingness and resistance to change, or the risk of data breach, there are several challenges that are hindering the progress of smart cities in India. Apart from that, getting the right funding for transforming your government is also a challenge.Trends in Smart Cities & eGovernance
For smooth eGovernance in the country, especially the smart cities, the government needs to utilize several channels. Until now, the government has been using channels like smartphone applications, social media applications, SMS services, voice-prompted interface, and many more. In the coming times, there are several trends that are expected to change the way smart cities and eGovernance in India. Let’s have a quick look:Faster Connectivity With 5G
The buzzword in the network and communications community right now is 5G. With higher bandwidth and better performance, 5G offers much faster connectivity. Smart cities would definitely be seen utilizing this network technology to allow faster connectivity. Moreover, using 5G, eGovernance operations and processes can be completed in half the time. And it wouldn’t go without saying that the latest technologies like the Internet of Things and ICT would also benefit which are acting as a foundation of transforming these Indian cities into smart cities.Using AR & VR To Visualize Scenarios
Augmented Reality and Virtual Reality are two of the emerging technologies that will transform the way users interact with businesses. As we can see real estate using AR and VR to showcase property listings, the government would also be seen using AR & VR for visualizing different scenarios in smart cities. By visualizing scenarios like those for any emergency situation in controlled environments, the government can make better decisions for the future. It provides them with an opportunity to view structural elements that could not be performed in reality.Quantum Computing To Detect Anomalies
Quantum computing allows scientists to calculate computational problems in a jiffy. It can be used to detect any anomaly in large bits of data to see what deviates from the ‘normal’.Machine Learning can also be used for detecting anomalies. The government can use these quantum computing algorithms on the data collected from the people and offer help. In smart cities, the government can use quantum computing to see anomalies in data from domains like medicine, traffic flow, economic forecasting, tax collection, meteorology, etc. It can quickly offer a solution by detecting these anomalies and creating a solution even before the problem starts or goes out of hand.Data-Driven Governance
Smart cities would have autonomous processes that would collect real-time data from everything like theInternet of Things Making Everything Smarter
IoT aka Internet of Things is indeed connecting everything, from humans and machines to machines and machines, to make them smarter. Whether we talk about smart TVs,Network Convergence
Network convergence means the bringing together of different networks to promise the delivery of high-speed internet. With network convergence, you can get more convenient and flexible modes for communicating and accessing information online. Smart cities will see more wire-line and wireless networking systems offering a centralized infrastructure. Not only will this help the people of the smart cities and the government in monitoring the people here, but it would also enable the businesses to model state-of-the-art excellent business plans for the future.State Of The Art eDevices
Smart ICT and IoT devices would be on the rise in smart cities to ensure efficient monitoring of the cities and addressing real-time issues effectively.Cloud For Centralized Monitoring
Unique Identification Authority of India
Health and land records
Legal records and case management
India’s National Informatics Centre has deployed an open-source eucalyptus software that acts as the foundation for its cloud approach. It allows broad-scale cloud-based eGovernance in India.Let’s Welcome New Models Of eGovernance
Wrapping it up, let’s throw light on the four models of eGovernance that we will be seeing in our smart Indian cities. These would be G2C: Government to Citizen Model, G2G: Government To Government Model, G2B: Government To Business Model, and G2E: Government To Employee. These four models would allow a better and seamless flow of information from the government to different aspects of the system. When dealing with the life of citizens of smart cities, the government would need to follow these models of governance to ensure its smart services are creating the digital infrastructure that is needed. Innovative ICT applications would rule the eGovernance of smart cities and we would certainly see emerging technologies like data analytics, GIS, Artificial Intelligence, Quantum computing, Internet of Things, and many more to rule smart cities. It will be interesting to see how these trends evolve as government digital transformation takes shape in Indian smart cities.Meet The Author:
Even though 2023 seemed like it wouldn’t bring any spectacular changes right off the bat, the crypto market showed us yet again that we can “expect the impossible”.
All of the major altcoins started seeing solid increases, with Bitcoin leading the pack.
But there’s one more token that’s been having a spectacular performance – Binance Coin (BNB)
It has managed to break the $300 mark for the first time since the FTX crash in November of 2023.
Which makes us all wonder – is BNB ready to bounce back in 2023 and will it be able to match the return of investment potential of Meta Masters Guild (MEMAG), FightOut (FGHT), RobotEra (TARO), and C+Charge (CCHG)?Binance Coin Price Prediction 2023 – How Bullish Is the Future?
There is a rising concern among investors about the transparency of major crypto exchange platforms, mainly due to last year’s fall of the FTX exchange. This puts the world’s largest exchange’s native token, Binance Coin, right in the spotlight
Binance is trying to repair the damage done by the FTX, by demonstrating transparency and clarity.
Besides their best efforts to recuperate from the disastrous 2023, Binance Coin still lost over 50% of its ATH value from May 10th, 2023 ($686.31) and has struggled throughout the whole year to break the $350 resistance.
On January 15th, Binance Coin successfully broke the $300 target, which was caused by Bitcoin’s sudden bullish rally.
Industry analysts seem to agree on one thing – Binance will have tremendous growth in 2023
BNB could bring some phenomenal returns in 2023 according to numerous analysts and prediction platforms, but the following tokens might just be able to outperform itMeta Masters Guild (MEMAG)
Meta Masters Guild is a new player on the P2E crypto block that’s looking to revolutionize this niche by focusing on mobile-only Web3 games.
By concentrating on creating multiple mobile-only games all within one eco-system, MEMAG is addressing the main problem of the P2E sector – players getting bored of a game, and destroying the token.
There are quite a few games announced, like Meta Kart Racers, Meta Masters World, and NFT Raid.
At the heart of MEMAG ecosystem is its native utility token $MEMAG, which will be used as a primary currency for all activities within the platform.
Now is the best time to get in on this Meta frenzy, seeing as it is now on presale and according to industry analysts, this P2E project could easily bring 30-60x ROI once it goes live.FightOut (FGHT)
FightOut is a new Move-to-Earn project that has taken this crypto space by a storm.
For starters, it offers cool features like personalized workouts and dietary regimes created by world-famous trainers. Every user gets a specially tailored regime depending on his body weight, height, and other criteria.
Additionally, every user will get his own soulbound NFT that will mirror user’s progress in real life.
However, the game changer that developers prepared comes in Q4 of 2023. A real-life gym chain will be opened across the globe. In FGHT gyms, players will be able to use top-notch equipment and participate in live PvP contests!
The whole M2E space is talking about FGHTs incredible features and how it will probably boom in value in the next year!
You can get FGHT tokens at a discounted price due to the ongoing presale, so hurry up and maximize your profits.RobotEra (TARO)
Have you ever thought about what would life on our planet would look like if AI and robots were to take over control?
RobotEra, a new P2E Metaverse project has managed to give you a very close simulation of that and it uses Metaverse, NFT, and blockchain technology to provide players with the ultimate robot universe experience.
You need a robot NFT avatar to explore the planets and do tasks such as mining, trading, and networking.
TARO will be used as a primary currency for all of the many activities within the Metaverse.
Due to its ongoing presale, you can grab your first batch of TARO for a very small price. And crypto experts suggest that it probably never be this low again!C+Charge (CCHG)
C+Charge is a new green crypto that works as a peer-to-peer payment mechanism that leverages NFTs and carbon credits to provide many benefits to EV drivers.
The developers are creating a mobile app that will include many useful features, such as waiting line information, charger availability, and more.
Drivers will be incentivized to charge their pets on wheels at many pre-defined charging stations and will be rewarded with carbon credits that they will later utilize with CCHG.
Due to its innovative features and clever use of a blockchain, experts are predicting C+Charge to explode in value by Q3 2023.ApeCoin (APE)
The creators of the world’s most famous NFT project BAYC, launched the infamous APE token in early 2023 and it’s been a massive success even despite the bear market.
And now in 2023 with a lot of exciting features announce, we can possibly see APE quadruple in value.The Conclusion
Binance’s native token BNB has had a prosperous couple of weeks undeniably and investors are swarming to it like honey.
With BTC leading the way towards a green trading line and new use cases announced for BNB in the upcoming months, we can definitely expect some big returns in the long run.
The top companies using Blockchain technology in agriculture in 2023 improves and transform the agricultural industry
Blockchain technology can be a game-changer for the agriculture industry. Blockchain technology in agriculture improves food safety by allowing information to be traced throughout the agricultural supply chain. Blockchain’s ability to store and manage data enables traceability, which is used to aid in the development and implementation of intelligent farming and index-based crop insurance systems.
Blockchain can enhance agribusiness by providing supply chain transparency, traceability, smart contracts, payment systems, and quality control. It requires collaboration among stakeholders to improve efficiency, transparency, and food safety. By using blockchain, farmers, and producers can ensure that their products are genuine, safe, and sustainably produced. Additionally, blockchain facilitates payments between farmers and suppliers, reducing the need for intermediaries and ensuring fair prices. The applications of blockchain in agriculture include smart farming, food supply chain, agricultural insurance, transactions of agricultural products, etc. The top 10 companies using Blockchain technologies in agriculture in 2023 are given below:
AgriDigital is an Australian-based company that provides blockchain solutions for agriculture supply chains. Their platform enables farmers to manage their supply chains, from planting to harvesting, by digitizing the process and providing real-time tracking of inventory, pricing, and logistics. They also offer a blockchain-based platform for grain trading, which eliminates the need for intermediaries and reduces the risk of fraud.
IBM Food Trust
IBM Food Trust is a blockchain-based platform for food supply chains, which enables farmers, producers, distributors, and retailers to track the journey of food products from farm to table. The platform is designed to improve food safety, reduce waste, and promote sustainability by providing transparency and traceability in the supply chain. IBM Food Trust is used by several major food companies, including Walmart, Nestle, and Unilever.
A UK social enterprise project supporting farmers in tracing food origins, getting easier access to financing, and storing transaction data. Their platform enables smallholder farmers in developing countries to access new markets and receive fair prices for their produce. AgriLedger uses blockchain technology to record data on the supply chain, providing transparency and reducing the risk of fraud
TE-FOOD is a blockchain-based platform that enables farmers and producers to track their products throughout the supply chain. The platform uses blockchain technology and IoT devices to provide real-time tracking of inventory, pricing, and logistics, which enables farmers to optimize their production processes and improve their profitability. TE-FOOD is used by several major food companies, including Auchan and Big C.
Ripe.IO is a blockchain-based platform that enables farmers and producers to track their products throughout the supply chain. The platform uses sensors and IoT devices to collect data on the quality and condition of the products, which is then recorded on the blockchain. This enables farmers to optimize their production processes and ensure that their products are of the highest quality.
Demeter is a blockchain-based company providing transparency and traceability in agriculture. Their platform enables farmers, producers, and retailers to track products from planting to distribution, promoting sustainable practices, and improving food safety. Demeter uses blockchain technology and IoT devices to record data on product quality and conditions for optimized production processes.
A blockchain company focusing on enabling peer-to-peer agricultural transactions and processing while cutting out the middlemen. Their platform enables farmers and producers to track their products throughout the supply chain, from planting to distribution, promoting sustainability and improving food safety. Agrichain uses blockchain technology to ensure the accuracy and security of data.
Ambrosus is a blockchain-based platform that provides transparency and traceability in the food supply chain. The platform uses blockchain technology and IoT devices to track the journey of products from farm to table, ensuring that they are produced sustainably and ethically. Ambrosus is used by several major food companies, including Nestle and Swiss Food Research.
GrainChain is a blockchain-based platform for the agriculture industry that enables farmers and producers to track their products throughout the supply chain. The platform provides real-time tracking of inventory, pricing, and logistics, which enables farmers to optimize their production processes and improve their profitability. GrainChain is used by several major food companies, including Walmart, Kellogg’s, and Cargill.
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