2023 is looking to be an exciting year for Pakistan in terms of technology. With the development of 5G networks, the introduction of autonomous vehicles, and the growth of Artificial Intelligence (AI) applications, Pakistan is on track to become a tech hub and bring top tech trends to the country.
Technology and innovation are laying the groundwork for a digital Pakistan, promising Rs. 9.7 trillion in annual economic value by 2030.
Pakistan’s economy is steadily growing and embracing trending digital technologies and creative implementations for cross-sector socio-economic growth, output transformation, regulatory frameworks, socialization, and accomplishing sustainable development goals.
Post-pandemic problems, rising prices, geopolitical tension, supply issues, and other factors contributed to worldwide instability in 2022. But difficult situations create opportunities for technological innovations that can turn challenges into a competitive advantage.
Here are the top revolutionary technologies that will gain the most popularity in the coming year, as well as the top 5 digital technology trends to watch in 2023:
The Metaverse
A common topic in today’s discussion of technology’s future is a platform that will allow us to work, play, and meet people. You can look at Metaverse as a combination of Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), and 5G creating an ever-connected online space that is immersive, experiential, and interactive. This setting offers economic opportunities, with $800 billion predicted by 2025 and $5 trillion by 2030.
Despite the challenges Meta is experiencing in developing its action plan, the virtual world in its natural shape can present significant potential for businesses in terms of expanded social presence, working from home, easier transactions, online healthcare, goods trade, and so on. Microsoft is already working on Metaverse systems for digital project collaboration.
Blockchain Technology/Web3
Web3 has evolved into a catch-all word for a newer and improved internet. It employs blockchain, cryptocurrencies, AI, machine learning, and NFTs to return control to users in the format of ownership.
Web1 was a read-only system, Web2 was a read-write, and Web3 will be a read-write-own. Decentralization, equal access, and cryptocurrency for native payments are the key elements of Web3. Punjab began accepting registrations for Web 3.0 contributors in November 2022, involving researchers, scientists, and IT industry professionals. International and domestic businesses using Web 3.0 trending technologies will also be able to provide insightful input via the platform.
5G
Another tech trend for 2023 is 5G. In a study, 350 worldwide IT experts, including CTOs, CIOs, and IT directors, were questioned by IEEE. Nearly 48% of experts, according to the organization’s October 2022 “Impact of Technology in 2023” publication, think 5G will be one of the most significant technological developments in 2023.
According to participants, 5G will play a pivotal part in several industries as 6G innovation picks up speed. The connectivity of rural areas, automation, remote learning, telehealth, and sustainability will all be part of its cutting-edge features.
Green Energy Technologies
Climate change called for green energy demand growth, which encourages businesses to explore more creatively how to develop technology and innovative solutions to power the globe in a sustaining manner. Advances in electric vehicles (EV), solar energy, and floating photovoltaics are among the most revolutionary technologies.
Another alternative energy technology trend is “power-to-X,” which refers to breakthroughs in electricity conversion into heat or synthetic fuels. For 2023, we can expect to produce green natural gas through this technology.
Quantum Processing
We may imagine computers to operate a trillion times faster than the fastest regular processors because of quantum computing, which employs subatomic particles to generate new methods of storage and processing data.
The development of quantum computing at mass is the subject of a global marathon. Any country that achieves quantum computing has the power to declare the existing encryption standards worthless, making it possible to decrypt the encryption of other countries, enterprises, and surveillance and security.
As nations like the US, UK, China, and Russia invest heavily in the development of quantum computing technology, this is a development to keep an eye on in 2023.
