11 Tech Trends to Watch in 2023
Nick Routley (infographic) and Mark Belan (article), Visual Capitalist, 30 January 2023
Immortality as a service, pursuit of extreme lifespans with improved technology
Battle between super app-level platform (all-in-one app eg WeChat in China that integrates a range of services)
Fintech's rapid generation, enters new markets despite many barriers
Bots in the house: How robots can be safely integrated as cleaning aids/empathetic companion
Virtual power plants: Need for renewable energy increases, grid stability becomes a concern, energy prices soar, decentralized energy system quickly adopted
Bio-based materials: Using natural resources (mushroom, seaweed) for next-gen materials
Digitizing scent in the food, retail, healthcare
In women's health market, more FemTech start-ups start to focus on underserved areas eg menopause, reproductive care
Regenerative AgTech improves soil health and ecosystem function through holistic farming and carbon sequestration
VCs are investing in India during a phase of start-up growth
Ambient healthcare monitoring starts to gather data continuously through more connected, less invasive devices
- Concerns over businesses holding users' personal info
- Privacy standards China vs the West
- WeChat has government support, with public services integrated int the app
- China rapidly adopted digital payments which are strongly supported by WeChat, while North Ameria + Europe has existing financial networks
EXAMPES - 2022: Microsoft rumoured of building super app using Bing, Elon Musk hinted at making Twitter a super app
Examples: Calico- a subsidiary of Alphabet, Jeff Bezos-backed Altos labs, Peter Thiel is among other billionaires interested in life expansion
While the largest producers goods/apparel intend to, there's not enough plastic recycled globally. Thus, companies plan to ditch plastic for materials eg seaweed, mushroom, algae.
MycoWorks worked with GM ventues to explore the use of mycelium-based leather alternatives in GM articles