After graduating from the University of Southern California, Marshall School of Business, Will Rossetter has enjoyed a career working with tech-enabled and software service companies. In fact, Will Rossetter regularly works with investors who are changing their industry by leveraging the latest cutting-edge technologies. Because of his career, Will Rossetter is always looking to keep track of the latest tech trends. So far, 2023 has been an incredible year for innovation. In today’s article, Will Rosetter will touch on some of the top trends in the tech industry this year.
The first, and most obvious, trend has been the incredible emergence of artificial intelligence, or AI. AI is playing a more significant role in just about every industry imaginable. AI used to be a buzz word, but it now it is having very real ramifications. From chatbots and voice assistants to breakthroughs in autonomous vehicles, nearly every tech giant is in a race to develop new applications in areas like finance, education, and healthcare. Will Rossetter is excited to see AI continue to advance and help eliminate bottlenecks and inefficiencies in just about every industry imaginable. The emergence of AI will also create incredible opportunities for businesses that are able to regulate AI and raise safety measures across the industry.
Quantum computing has had a big year in 2023. While some may still equate the word quantum with the latest Marvel movie, quantum computing is allowing developers to process information in entirely new ways. This year, quantum computing technology has grown more accessible, which is allowing more businesses in industries like drug discovery, logistics and cryptography to accelerate their services at a faster rate than ever before.
Will Rossetter has enjoyed watching the emergence of extended reality technology. By encompassing virtual reality, augmented reality, and mixed reality, extended reality offers the most realistic virtual experience to date. The biggest benefactors of extended reality technology thus far are companies in the gaming and education industries, but it will only continue to become a more prevalent part of our lives in the years ahead. Facebook’s Metaverse is a perfect example of what extended reality technology is capable of now, and what it will likely be capable of in the future.
The medical community has benefited from major advancements in genetic engineering and biotechnology in 2023. Breakthroughs in regenerative medicine and synthetic biology will lead to potentially life-saving therapies and treatments. With more regenerative medicine emerging, Will Rossetter believes humans could be looking at living healthier, longer lives in the future.
Will Rossetter notes that as globalization becomes more prevalent every day across businesses in multiple industries, the need for improvements in natural language processing has grown. Fortunately, 2023 has been a year where more natural language processing service is hitting the market to make advancements in education, healthcare, and customer service.
While there remains plenty of work to be done, 2023 has been a big year for green technology. Although there’s been a push for green technology for several years now, 2023 has seen more consumers making purchasing decisions based on their desire to reduce their carbon footprint. As this continues, Will Rossetter believes the public will see more advancements in renewable energy, carbon capture, and energy storage technologies.
With each technological advancement comes an increase in security threats. Professional hackers are also evolving, and cybersecurity grows more important each year. Will Rossetter notes that 2023 is seeing advancements in cyber security, which include both AI and blockchain being used to improve security systems. It will be interesting to see how cyber security technology rises to meet the ever-evolving challenges that artificial intelligence and machine learning will likely pose in the future.
One of the better examples of a technological breakthrough on Will Rossetter’s list is digital twins. Digital twins are virtual replicas of a physical object, process, or system. Digital twins are prevalent in industries such as aerospace, manufacturing, and transportation. In the months ahead, we will see more digital twins in everything from construction to healthcare. Digital twins are a must-have for companies looking to digitize their operations and processes.
