The Top Technology Trends To Watch Closely In 2023

2023 is poised to be an exciting year for advancements and innovations across a range of industries. In this Kodehash blog we are focusing on those technology trends, which are emerging in coming years. Here we will be eyeing the top three emerging trends which are going to be dominant in 2023.

Multi-cloud

Till now Cloud specialists were not in high demand but today the majority of businesses are now using multiple cloud providers. The solid statistics according to Pluralsight, Gartner, and StackOverflow is helping Kodehash to keeping eye on them:

While 75% of organizations are building new products and features in the cloud by default, only 8% of technologists claim extensive experience with cloud-related tools.
According to Gartner, more than 80% of organizations use more than one cloud provider (compared to 49% in 2017), with 75% of organizations defaulting to multi-cloud environments.
Working with cloud environments is considered one of the top 10 critical skills for technology professionals according to Gartner. Database management and traditional on-prem skillsets now fall into the “stagnant skills” category.
Due to a lack of availability and a small number of applicants for each position, the annual average salary for cloud professionals is astronomically expensive worldwide. The typical cloud architect in the US earns $169k USD annually. APAC and EMEA also have high wages that are locally specific.

In 2023, learning cloud computing will be a crucial skill for developers as serverless technology and Infrastructure as Code (IaC) become essential to company operations.

Cybersecurity

In the realm of cybersecurity, there is now more demand than there are resources available.

In January 2023, there were more than 750,000 cybersecurity-related job openings across the country, but only 68% of these positions could be filled. It is not just a national shortage — cities like London, Sydney, and Paris have shown similar shortages.
In Pluralsight’s State of Upskilling 2022, tech professionals said the top skills gap was cybersecurity, beating out cloud computing as the number one gap for the first time in 2022.
According to ITC 2022 Future Enterprise Resiliency & Spending Survey, IT Security Professionals were also the most in demand for important tech initiatives.

Cybersecurity is important regardless of the sector your company operates in, particularly as more and more companies switch to the cloud by default.

Data

The fields of AI, ML and data science are deep into data. Here’s some data to showcase this trend:

In 2022, AI was the second-most-in-demand skill set as per Gartner, in terms of job openings, with a 14.3% increase in U.S. job demand.
The global AI software market is estimated to grow at approximately 54% every year.
The employment of data scientists is projected to grow 36% from 2021 to 2031. Demand growth for this field increased by over 7% last year.
Global organizations ranked AI development and training as their third-most “critical technology and human skill to hire for or develop in the next 18 months”

The Kodehash team is focusing on upcoming top trends that Gartner also listed working with everyone should look for in the coming year are:

1. Artificial Intelligence:

AI has been making significant advancements in recent years and 2023 is likely to bring even more breakthroughs. Expect to see AI being used to improve business operations, automate mundane tasks, and bring new products and services to market.

2. 5G Technology:

With 5G networks becoming more widespread, businesses and consumers alike will benefit from faster download speeds, lower latency, and improved network reliability. This will drive new opportunities for IoT devices, VR and AR, and other cutting-edge technologies.

3.Virtual and Augmented Reality:

As VR and AR technologies continue to evolve, they will become more accessible to consumers and businesses. This will enable new use cases for education, training, entertainment, and more.

4. Sustainable Energy:

With climate change being a pressing issue, the demand for sustainable energy sources such as solar and wind power is expected to rise in 2023. Companies will focus on reducing their carbon footprint and finding new and innovative ways to use clean energy.

5. Digital Health:

As the world becomes increasingly digitized, digital health solutions will continue to grow in popularity. This will enable remote patient monitoring, telemedicine, and other innovative health solutions that improve access and quality of care.

6. Remote Work:

The pandemic has accelerated the trend of remote work, and it is likely to continue in 2023. Companies will focus on improving communication and collaboration tools to ensure that remote teams remain productive and engaged.

2023 is set to be a year of exciting advancements and new technologies that will shape the future. Stay tuned for these technology trends and more as they continue to unfold! Based on our research of these trends and others, Kodehash compiled a list of skills technologists should look into in the year ahead. Checkout Kodehash to find the best technologists as per your business.