{"id":2706,"date":"2023-03-21T06:33:25","date_gmt":"2023-03-21T06:33:25","guid":{"rendered":"https:\/\/www.vitelglobal.com\/blog\/?p=2706"},"modified":"2024-09-26T08:31:54","modified_gmt":"2024-09-26T08:31:54","slug":"five-emerging-technologies-in-2023","status":"publish","type":"post","link":"https:\/\/www.vitelglobal.com\/blog\/five-emerging-technologies-in-2023\/","title":{"rendered":"5 Emerging Technologies Disrupt Industries In 2023"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 ez-toc-wrap-left counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.vitelglobal.com\/blog\/five-emerging-technologies-in-2023\/#The_Five_Technologies\" >The Five Technologies<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.vitelglobal.com\/blog\/five-emerging-technologies-in-2023\/#Blockchain\" >Blockchain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.vitelglobal.com\/blog\/five-emerging-technologies-in-2023\/#Augmented_Reality\" >Augmented Reality<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.vitelglobal.com\/blog\/five-emerging-technologies-in-2023\/#Virtual_Reality\" >Virtual Reality<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.vitelglobal.com\/blog\/five-emerging-technologies-in-2023\/#Artificial_Intelligence_AI\" >Artificial Intelligence (AI)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.vitelglobal.com\/blog\/five-emerging-technologies-in-2023\/#Deep_Learning\" >Deep Learning<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.vitelglobal.com\/blog\/five-emerging-technologies-in-2023\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p>In 2023, the market value of the five emerging technologies below has reached $1 trillion: Blockchain (software), Augmented Reality, Virtual Reality, artificial intelligence and deep Learning, and nanotechnology.<\/p>\n<p><span data-preserver-spaces=\"true\">In this article, I will explore how these technologies impact industries:\u00a0<\/span><\/p>\n<ol>\n<li><span data-preserver-spaces=\"true\">Changing industry structures from vertical to horizontal,\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Creating new technology-enabled business models, and\u00a0<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Changing consumption behaviour.<\/span><\/li>\n<\/ol>\n<p><span data-preserver-spaces=\"true\">Employees in this digital era create products and ideas, not just with their hands or minds. They also use AI and robotics to produce products at high speed. These technologies are changing what a product can be. Robots are used not just as an automated alternative to manual labour but also to explore new possibilities in materials and manufacturing. New ideas reflect how products are designed, manufactured, and experienced.<\/span><\/p>\n<div class=\"container\"><div class=\"row\"><div class=\"d-md-flex post-entry-2 half handpick\"><div class=\"col-md-4 col-xs-12\"><a href=\"https:\/\/www.vitelglobal.com\/blog\/artificial-intelligence-in-different-industries\/\" class=\"handpickle-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"628\" src=\"https:\/\/www.vitelglobal.com\/blog\/wp-content\/uploads\/2023\/03\/AI.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Artificial Intelligence\" srcset=\"https:\/\/www.vitelglobal.com\/blog\/wp-content\/uploads\/2023\/03\/AI.png 1200w, https:\/\/www.vitelglobal.com\/blog\/wp-content\/uploads\/2023\/03\/AI-300x157.png 300w, https:\/\/www.vitelglobal.com\/blog\/wp-content\/uploads\/2023\/03\/AI-1024x536.png 1024w, https:\/\/www.vitelglobal.com\/blog\/wp-content\/uploads\/2023\/03\/AI-768x402.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/a><\/div><div class=\"col-md-8 col-xs-12 align-items-center d-flex\"><a class=\"handpickle-title\" href=\"https:\/\/www.vitelglobal.com\/blog\/artificial-intelligence-in-different-industries\/\"><span class=\"picked-style\"><\/span>How Is Artificial Intelligence Being Used In Industries Such As Healthcare, Finance And Transportation?<\/a><\/div><\/div><\/div><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Five_Technologies\"><\/span><strong><span data-preserver-spaces=\"true\">The Five Technologies<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">These tools allow industries to experiment with products that cannot be made or sold, delivering a more immersive customer experience. At the same time, they wait for the actual product to become available.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The accelerated pace of technological progress has led to concerns that science and technology are replacing human workers. It is hard to imagine a world without people, but what about industries like manufacturing, transportation, and construction? Although still present in 2023, five emerging technologies have disrupted these industries. These technologies are giving rise to new jobs that focus on weaving data into a product or service, which provides the industry with a greater understanding of its customers&#8217; needs.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Blockchain\"><\/span><strong><span data-preserver-spaces=\"true\">Blockchain<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Traditional cloud-based services have been around for enough time now that we are starting to understand their shortcomings.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Blockchain technology is poised to be in the hot seat of many technologies lists, as this disruptive technology can replace traditional phones with\u00a0<a href=\"https:\/\/www.vitelglobal.com\/cloud-based-business-phone\" target=\"_blank\" rel=\"noopener\"><strong>cloud-based business phone services<\/strong><\/a>. Blockchain technology will offer new levels of security and transparency (even with the government), better flexibility, and reduced cost. Although an internet connection is a requirement, the need for enhanced security is crucial due to widespread data loss caused by incidents like Equifax, NotPetya and WannaCry hacks, as well as surveillance by entities beyond the US government. Most blockchain services will come from new startups but make no mistake, some big players will also use blockchain technology to improve their services.<\/span><\/p>\n<p>Share and distribute the data securely <span data-preserver-spaces=\"true\">among many computers on the internet <\/span>from the <span data-preserver-spaces=\"true\">database.\u00a0 <\/span><span data-preserver-spaces=\"true\">The critical use case for blockchain is to store data, as it is not susceptible to existing traditional databases such as Oracle or SQL Server that can be hacked\/compromised by external malicious parties. Industries like healthcare, financial services, transportation, logistics, and retail have the potential to leverage blockchain technology.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Augmented_Reality\"><\/span><strong><span data-preserver-spaces=\"true\">Augmented Reality<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Augmented Reality is a technology that will be on a device the user can wear. With Augmented Reality, real-world objects, images, or videos can supplement with relevant information such as Wikipedia entries, 3-D models, or digital currency prices.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Augmented Reality is already changing how people do business, offering a new way to communicate with customers and employees. The retail and hospitality industries are expecting to utilize AR in 2023 to introduce VR assistance that can effortlessly download and can implement on a large scale. Companies will benefit from greater workforce productivity by enabling workers to learn on the job rather than attending a training course. This dedication to the assignment will also allow industries to modify their products or services without needing large-scale investment in human capital.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Virtual_Reality\"><\/span>Virtual Reality<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Virtual Reality is an immersive experience that enables users to interact with digital surroundings via various devices, from headsets to AR glasses. The user is fully immersed while real-time data is created on the device itself. For example, the user can control the virtual environment of a car with their own hands.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Virtual Reality is a technology that can disrupt as many industries as Netflix did in its first few years. This post explores how VR will change content distribution, media production, and manufacturing. There is a prediction that by 2023, approximately 80% of all Americans will be using reality headsets for personal entertainment. Let&#8217;s explore why this is going to happen.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Virtual Reality is experiencing a popularity boom, with headsets going for as little. Although headsets seldom outperform their desktop counterparts. It prevents from surpassing all other gaming platforms, attracting more than 300 million users worldwide. By an estimation, VR gaming consume 72% of the content in 2023, while the remaining 28% will comprise traditional media such as television and film. The above data provide a glimpse into what VR can do for businesses and industries relating to media production and distribution; however, this technology is much more than just video games.<\/span><\/p>\n<div class=\"container\"><div class=\"row\"><div class=\"d-md-flex post-entry-2 half handpick\"><div class=\"col-md-4 col-xs-12\"><a href=\"https:\/\/www.vitelglobal.com\/blog\/ai-impacts-on-future-of-work\/\" class=\"handpickle-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"628\" src=\"https:\/\/www.vitelglobal.com\/blog\/wp-content\/uploads\/2023\/03\/Future-of-work.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Future of work\" srcset=\"https:\/\/www.vitelglobal.com\/blog\/wp-content\/uploads\/2023\/03\/Future-of-work.png 1200w, https:\/\/www.vitelglobal.com\/blog\/wp-content\/uploads\/2023\/03\/Future-of-work-300x157.png 300w, https:\/\/www.vitelglobal.com\/blog\/wp-content\/uploads\/2023\/03\/Future-of-work-1024x536.png 1024w, https:\/\/www.vitelglobal.com\/blog\/wp-content\/uploads\/2023\/03\/Future-of-work-768x402.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/a><\/div><div class=\"col-md-8 col-xs-12 align-items-center d-flex\"><a class=\"handpickle-title\" href=\"https:\/\/www.vitelglobal.com\/blog\/ai-impacts-on-future-of-work\/\"><span class=\"picked-style\"><\/span>Artificial Intelligence: How Does It Impacts The Future Of Work?<\/a><\/div><\/div><\/div><\/div>\n<h3><span class=\"ez-toc-section\" id=\"Artificial_Intelligence_AI\"><\/span>Artificial Intelligence (AI)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Artificial Intelligence (AI) is an advanced field of computer science that describes machines that can perform tasks that usually require human intelligence. Examples include signals and voice recognition, autonomous vehicles, intelligent robots, and facial recognition. Even <a href=\"https:\/\/www.vitelglobal.com\/blog\/conversational-ai-in-business-phone-services\/\" target=\"_blank\" rel=\"noopener\"><strong>business phone systems incorporate AI technology<\/strong><\/a>.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Robotics is emerging as the technology of choice for many manufacturing companies to increase productivity and innovation. More sophisticated robotics will allow companies to scale up product development faster by reducing the amount of human labour required.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Deep_Learning\"><\/span>Deep Learning<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Deep Learning refers to machine learning techniques in artificial intelligence. Attempts to create intelligent systems from large data sets. By using neural networks to &#8216;learn&#8217; &#8211; or adapt &#8211; in ways similar to the human brain. Machine learning offers methods for pattern recognition, speech and language processing, data compression, data mining, and automated reasoning.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Furthermore, wearable devices provide sensory input, such as augmented Reality or Virtual Reality. It has changed how companies interact with customers.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">These technologies enable industries to deliver faster and more personalized service, supporting high-value jobs with higher wages. These five will continue to transform industries in 2023. Allowing the companies to have a new level of experience that is impossible today.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Emerging technologies like artificial intelligence (AI), the Internet of Things (IoT), VR and augmented Reality (AR), machine learning, drones, and robotics are beginning to become topics of interest outside of their respective industries as more people start to see how these technologies are disrupting society. All of these emerging technologies have one thing in common. They commonly rely on\u00a0<strong><a href=\"https:\/\/www.vitelglobal.com\/contact-center-solutions\" target=\"_blank\" rel=\"noopener\">cloud centre solutions<\/a>\u00a0<\/strong>to be successful. Blockchain offers an alternative solution to storing data in the cloud. For making it more secure and transparent- something current services cannot do.<\/span><\/p>\n<section class=\"blog-cta\">\n    <div class=\"blog-cta__text\">\n      <p class=\"heading\"> <span class=\"supernova-50-text\">Innovative Technologies with Innovative Decisions<\/span><\/p><p class=\"description\">Improve efficiency and Stay ahead of the curve<\/p><\/div>\n    <div class=\"blog-cta__button\">\n      <div class=\"divider\"><\/div>\n\t\t<a class=\"button\" href=https:\/\/www.vitelglobal.com\/voip-live-demo>Free Live Demo<\/a>\n    <\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 4<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>In 2023, the market value of the five emerging technologies below has reached $1 trillion: Blockchain (software), Augmented Reality, Virtual Reality, artificial intelligence and deep Learning, and nanotechnology. In this article, I will explore how these technologies impact industries:\u00a0 Changing industry structures from vertical to horizontal,\u00a0 Creating new technology-enabled business models, and\u00a0 Changing consumption behaviour. [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":2707,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[585],"tags":[235,546,544,543,545],"class_list":["post-2706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industries","tag-ai","tag-block-chain","tag-deep-learning","tag-iot","tag-virtual-reality"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Emerging Technologies Disrupt Industries In 2023<\/title>\n<meta name=\"description\" content=\"Discover the top five emerging technologies to disrupt industries in 2023. 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