This article outlines five key technology trends for 2023. The first trend is Generative AI, which is a subset of artificial intelligence that uses Generative Adversarial Networks (GAN) to create new content autonomously. This technology has found applications across various domains, including gaming, retail, supply chain, e-commerce, and education. Marketplace Suites, the second trend, are digital tools and platforms that enable businesses to create, manage, and scale online marketplaces, allowing multiple sellers to reach a larger pool of buyers across industries such as hospitality, real estate, and apparel.

Hyper automation, the third trend, refers to the use of advanced technologies like AI, machine learning, and robotic process automation (RPA) to streamline and optimize complex business processes and workflows. This approach can be applied to various domains, such as finance, healthcare, manufacturing, logistics, and customer service. The fourth trend, Self-healing Supply Chain, involves using digital tools to create an adaptable supply chain that can monitor and predict demand, initiate backup plans, and avoid disruption, becoming a necessity in today’s fast-paced world with increasing ESG and sustainability expectations.

The final trend is the Metaverse, which incorporates advertising, Non-Fungible Tokens (NFTs), and the cryptocurrency rebound. Metaverse advertising enables brands to connect with their target audience in an immersive and interactive way, leveraging NFTs to create unique and collectible items within the metaverse. As the metaverse continues to grow, brands must embrace this new form of advertising to stay competitive. Additionally, cryptocurrencies and NFTs are bouncing back after turbulence in the banking system, with investors regaining interest and an increase in NFT transactions during Q1 2023.

Read more at: 5 tech trends that are shaping 2023 | by Marc Charbel | Apr, 2023 | Medium

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