Top 5 Technology Trends for 2023 – BearingPoint Survey

AMSTERDAM–(BUSINESS WIRE)–Management and technology consultancy BearingPoint says the top 5 technology trends for 2023 that will transform business are:

  1. Generative AI

  2. metaverse

  3. Cloud native platform

  4. Embedded data and analytics

  5. Zero trust on scale

For the second time, BearingPoint asked technology advisors which technology areas will receive the most attention in 2023. According to over 1,200 participants, AI is still the top trend, just with a different focus. New this year, Metaverse plays an important role in making businesses more sustainable. Embedded data and analytics ranked fourth for the second year in a row.

Stefan Pechardscheck, Global Leader Technology at BearingPoint: “Our new technology trends have answers to the most pressing challenges companies are facing. Our top 5 technology trends for 2023 are groundbreaking again and can be the basis for new business models. New trends such as the metaverse, which merges digital and reality, will play a major role in society, as will sustainability through substitution or optimization. Our customers can benefit from all these technologies. Tools are improving and opportunities are increasing, giving companies more potential to reap value.”

Below is what BearingPoint says the survey tells us about the top 5 technology trends for 2023.

Generative AI – Accelerate innovation with new data

Generative AI is a broad label that describes any type of artificial intelligence that uses unsupervised learning algorithms to create new digital objects such as images, videos, audio, text, and code. The purpose of a generative AI model is to generate synthetic data that forces the model to make inferences about the key training data.

While generative AI is often associated with deep fakes and data journalism, the technology is playing an increasingly important role in automating the repetitive processes used in digital image and audio correction. Generative AI is also being used experimentally in manufacturing as a tool for rapid prototyping and in business to enhance data augmentation for robotic process automation (RPA).

Metaverse – merging digital and real

The Metaverse blurs the lines between the physical and digital worlds, between actual and virtual reality – a network of 3D virtual worlds with VR and AR headsets that enable social connections. The Metaverse is a persistent, living digital universe that provides individuals with a sense of agency, social presence, shared spatial awareness, and the opportunity to participate in a broader virtual economy with profound societal impact.

The Metaverse also promises to reduce carbon emissions, whether by replacing physical goods and meetings with digital ones, replacing real-world presence with virtual interactions, or digital twins that help optimize the physical world.

Cloud-native platform – New ways of product development

As most public and private organizations have migrated legacy information systems to the cloud using the 6Rs (Rehosting, Replatform, Repurchase, Rearchitecting, Retirement and Retain) model, development teams are now adopting cloud frameworks and platforms to build new applications. This new approach to product development builds on traditional cloud promises such as accelerated product development cycles, scalable managed services, innovative cloud capabilities (serverless, machine learning, advanced analytics) and evergreen, resilient and hyper-automated technologies. This revolution in new app development is raising challenges related to change, vendor and cost management, and is deeply impacting how IT organizations manage talent and culture.

Embedded Data and Analytics – Businesses are lost without prioritized use cases

Successful companies take a holistic approach and continuously integrate data and analytics into the business. They keep an eye on new trends and adapt accordingly, but always move along a roadmap of initiatives and use cases that lead them to their goals. Businesses need to define and prioritize actionable use cases and insights, and work with a holistic plan. Without such use cases and a plan, data analysis won’t get far.

Zero Trust at Scale – Cybersecurity at the core of the IS architecture

Enterprises are increasingly operating in complex business ecosystems that require connections to IT resources from a multitude of users from different organizations, connecting from anywhere and from any device. All of this is happening in a context where cyber threats are exploding and calls for the promotion of Zero Trust as a core architectural principle. CISOs (Chief Information Security Officers) must implement a comprehensive, dynamic, and granular set of identity and access control solutions at scale.

About BearingPoint

BearingPoint is an independent management and technology consultancy with European roots and global reach. The company operates through three business lines: Consulting, Products and Capital. Consulting includes the consulting business with a clear focus on selected business areas. Products offers IP-driven digital assets and managed services for business-critical processes. Capital offers M&A and transaction services.

BearingPoint customers include many of the world’s leading companies and organizations. The company has a global consulting network of more than 13,000 people and supports clients in over 70 countries and works with them to achieve measurable and sustainable success.

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Twitter: @BearingPoint

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