Tech Trends to Watch Out for in 2023

It’s been an interesting year, hasn’t it?

Although it wasn’t filled with as much uncertainty as previous years, that doesn’t mean it didn’t come with its own set of challenges.

In particular, across the industry, rapid market changes have forced subsectors to undergo vast restructuring in order to survive.

As a result, the majority of tech businesses have reached the end of 2022 looking considerably different to how they started.

(Source: McKinsey)

Last year’s technology trends in review

For the most part, organisations have done a wonderful job of chasing opportunities that came their way over the last year.

The adoption of efficient business practices through technologies such as Robot Product Automation, SaaS, and Artificial Intelligence have each granted leaders a headstart on the competition. 

Plus, the advancements in these three assets have shown no sign of slowing, and are continuing to forecast extensive growth in 2023 (Source: Statista).

Truly, they’ve been growing more and more popular with every single day that’s gone by and, while it’s impossible to predict the leaps in creativity that will be made in the next year, we can assume they are here to stay.

OHO’s top technology trends of 2023

Interestingly, despite ongoing investment into product research and development, there are very few anticipated trends on our list that will come as a surprise to you. 

The majority are emerging technologies that have either been launched in years previous or, at the very least, recently found their place in the market. 

They’ll have been featured in articles and media time and time again throughout 2022, but the data shows that each of these categories will continue to have a massive impact long into the future.

1. Internet of Things

Just a few years ago, “digitalisation” was a buzzword that was driving businesses into action and persuading them to adopt technology into their day-to-day operations. 

Now, the Internet of Things is taking this trend one step further. 

Leaders are being taught that, unless they can automate the majority of their time-consuming processes and integrate people and software together, they have no hope of succeeding in a global market. 

This is driving the introduction of different technologies into every single aspect of business development - which, in turn, is significantly increasing spend in the industry.

2. Sustainability

As a result of social and political movements that have taken place over the last year, businesses in the tech space are starting to respond accordingly. 

All over the world, developers are looking at ways to make their hardware more energy efficient and reduce wastage in their organisation. 

Clients are looking to source products and services through ethical businesses, which means leaders are having to start developing a “net zero” plan for the year ahead. 

Although it might take some time for these internal changes to have a larger impact, it’s a trend worth celebrating.

3. Cybersecurity

This has been an ongoing trend for the past few years; and for good reason. 

As the level of malicious online activity continues to rise, businesses are eager to do everything they can to avoid data leaks and the consequential hefty regulation fines. For businesses in the tech industry, this poses both an opportunity and a threat. 

On the one hand, your digital assets are just as at risk as anyone else's. On the other hand, if you have the right specialist talent on your team, you’ll be able to upsell your services and promise a safe and secure solution for your clients. 

The metaverse: A dying trend in 2023?

Finally, we want to take a moment to place a spotlight on the metaverse, which has appeared on some similar lists over the past few months (though certainly not all). 

While we’ll discuss this topic more in our next blog, it’s also worth acknowledging here… 

Even though experts have been anticipating the rise and adoption of the metaverse (and ultimately Web 3) for the last few years, there’s something we have to accept.

As it stands, the existing technology isn’t at the end destination it needs to be for consumers to proceed with their purchases - especially not when security concerns are factored in.

However, that doesn’t mean that 2023 isn’t the year when the solution is finally found and we move to the next stage of our technological revolution.

OHO’s forecast for the year ahead

Despite the predictability of the dominant trends we foresee in 2023, there’s no reason to assume that there won’t be a few surprises. 

Every day, businesses are directing money towards finding new digital solutions that could transform our industry and once again change the way we operate. 

Regardless, it’s easy to assume that we have an interesting year ahead of us that will require flexibility and adaptability from all. If you want to secure profitability and give yourself the best chance at responding to market changes, we recommend onboarding additional talent in the new year. 

Not only will they bring new experience and skills with them that your organisation needs, but their passion for the work they do will reignite strong team dynamics and further support your goals.

Does that sound like something you could benefit from?

Recruiting through OHO

We pride ourselves on being the meeting place where exceptional talent can connect with fascinating opportunities.

We’re excited to be driving UK and US innovation. Where there’s a plan, we have the people.

We’re an established and respected consultancy that offers a range of specialist services to a broad spectrum of clients and candidates within the IT, Electronic Engineering, Finance and Consultancy sectors.

Find your next big innovator through us.