In today’s fast changing digital world, technology is evolving and emerging by leaps and bounds, offering radical new growth opportunities for businesses to Innovate, Invent,& Refine new dimensions contributing to humanity’s well-being. Over the years, India has made incredible strides in science and technology. Starting from the development of cutting-edge AI capabilities to adoption of digital payments, 5G to high-performance computing, India proved to be the most innovative nations of all time. Embarking on the new technological revolution, India is embracing long-term strategic digital and resilience goals.
When we are standing at the threshold of New Year 2024, it is time to look back at the innovations to reassess the digital progress and transformation which has been storming the tech industry and revolutionized the whole world.

“Technology is a gift of God. After the gift of life it is perhaps the greatest of God's gifts. It is the mother of civilizations, of arts and of sciences.”
-Freeman Dyson

Advanced and emerging technologies fosters the speed of development, and the application of these technologies often leads to the redefinition and optimization of procedures, as these implementations have substantial benefits. According to the latest report by IDC (International Data Corporation), more than 95 percent of IT innovators and organizations are saying to increase the expenditure on digital transformation initiatives. The spending in digital transformation in India is expected to reach $85 Billion by 2026.
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Emerging Technologies of 2023
Disruptive technologies in different fields are improving efficiency in special fields like medicine, education, research, engineering, etc. They also help to reduce costs and improve productivity. They help to get access to these new services, thus benefiting more and more people. When we are standing at the bottom line of 2023, Artificial Intelligence is not just a buzzword. Now AI is expected to define commercial applications and international business with millions of optimization tools. Apart from AI more number of startups came up to ease the business world.
In this article I will unveil some of the trendy and innovative technologies of this year. Let’s delve into it.

1.Quantum Computing: The new generation of supercomputers uses knowledge of quantum mechanics, and it is based on the principles of the superposition of matter and quantum entanglement and uses a different computation method from the traditional one. Through this technology Fintech companies detect fraud and improve simulation process. It helps in the development of new drugs and genetically customized treatments, as well as DNA research. it has advanced encryption tool such called Quantum Key Distribution (QKD) system.it can send sensitive information that uses light signals to detect intruders in the system. Companies like Airbus use quantum computing to design more efficient aircraft. Few India startups which are working with this technology are Bhilai-based BosonQ, Bengaluru-based QNu Labs, QpiAI tech, Automatski and many more. The global quantum computing market size is valued at USD 866 million.

“Our goal is to solidify India's position as a hub of quantum technological excellence and to emerge as a key player on the global stage, pushing the boundaries of what's possible in quantum-safe cybersecurity"Million in 2023.”
Sunil Gupta, Co-Founder, QNu Labs

2.Web of Metaverse & Extended Reality: In 2023, metaverse has emerged as a grand concept, based on a single interconnected ecosystem, like the internet. It has drastically revolutionized the travel industry by digitally imagining of touring a hotel from the comfort of your home on the other side of the world. As the highest rated CEOs like Mark Zeckerberg and Satya Nandella explained, Metaverse is the future of internet. To be precise metaverse includes AR/VR to create a virtual world. Tech giants like Microsoft and Meta are working on building tech related to interacting with virtual worlds. Metaverse is a single, shared, immersive, persistent, 3D virtual space where humans experience life in ways they could not in the physical world. The metaverse is now booming, with more people becoming aware of its applicability, yet many continue to struggle to grasp how the metaverse came to be. It is inerrealated to other innovative technologies like 5G, Edge computing AI,3D technology, blockchain. It has truly revolutionized the gaming industry and remote working process. It is one of most propelling technologies of 2023 and the global metaverse Market was worth approximately $83.9 billion in 2023. LOKA is India’s first startup to use metaverse to bring Indian culture and localization to the metaverse.
“The metaverse is here, and it’s not only transforming how we see the world but how we participate in it – from the factory floor to the meeting room.”
~Satya Nadella, Microsoft CEO.

3.5G & 6G: 4G has already proved its prowess in accelerating the pace of connectivity in the vast world and after that its upgraded version was launched and stormed over the IT industry by perfectly incorporating AI, ML and IOT and driving the working force. After the tremendous success 5G, it is the time to look at the future and introducing its updated version. 6G works in untapped radio frequencies and uses cognitive technologies like AI to enable high-speed, low-latency communication at a pace multiple times faster than fifth-generation networks. 6G technology is currently under the research and development process. After Launching, it will be the 6th generation mobile system for wireless communication. The first standard of 5G wireless communication technology is fully operational throughout the world. Japan is contributing $482 million to the expansion of 6G in the next few years. This network will assist in benefitting smart cities, driverless cars, virtual reality, and augmented reality, in addition to smartphone and mobile network users. 5G is scheduled to offer a peak data throughout of 20 Gbps and a user-experienced data rate of 100 Mbps, while 6G will deliver data rate of 1 Tbps.

“5G Cell networks create a whole new wave of distributed and edge computing.”
~Michael Dell, CEO, Dell Technologies

4.Robotics in Healthcare
The homogenous combination of generative AI and Robotics is influencing the whole digital world immensely. Now 3D technology is getting homogenously blended and revolutionizing the medical sector. Robotics is being used in production of medicines using technologies such as 5G, AI and AR. Robotics applications in medicine and in hospitals in particular, have experienced a definite boost in the fight against COVID-19. Collaborative mobile robots can also become excellent hospital assistants, providing support in operating rooms, ICUs or risky areas for the healthcare team. The global market of medical robot is projected to reach $12.7 billion by 2025. In today’s digital world robots are used in surgeries, for disinfection, and to streamline supply delivery, and assisting hospitals, doctors, and nurses to improvise the healthcare sector. New Delhi-based Aether Biomedical, a medical robotics startup that focuses on developing rehabilitation devices on biosignal processing. Bengaluru-based Alpha Care, is using robotics to streamline operational processes and enable standardisation of services.

“Robotics and other combinations will make the world pretty fantastic compared with today.”
~Bill Gates

5.Green technologies
Amidst the hurly burly situation of tightly packed urban life, environment is the most negligible element. After the thud of pandemic, prolonged period of lockdowns cured the mother-nature and we witnessed a proper healing of nature and realized we should invest our brilliance into some technologies to safeguard the environment to save all the animal species including the humans. Green technology is the answer which serves as the plethora of all the nature friendly offerings. The discovery of alternative source of fuel and energy, invention of electric vehicles, capturing of carbon, Agri-tech are all part of green technologies. Green Technology and Sustainability Market size was valued at USD 14.3 billion in 2022 and is projected to register a CAGR of over 19.5% between 2023 and 2032. Mumbai based Startup Frais Farms is using hydroponic and aeroponic technologies to grow plants in an eco-friendly manner. Ola electric and Ather energy have already launched their new models of electric scooters, giant automobile companies Tata, Toyota, MG also have launched different models of battery driven electric cars. Bangalore based startup Exponent Energy is a start-up focused on developing fast charging technology for Electric Vehicles. Bangalore based Uravu Labs invented thermal and desiccant-based system that makes use of absorption and desorption processes to convert ambient air into drinking water using 100% renewable energy.

"I believe that the future of transport is electric."
~Elon Musk

Epilogue
We have been a true witness of tremendous digital revolution which has evolved throughout the years and their edges are getting sharper day by day with the touchof modern brains of meritorious scientists. As the year ends, more businesses will incorporate these new technologies in their operation and are changing the business landscape while scaling innovations, and gaining a better understanding of how technology will continue to accelerate the pace of digital transformation across all the dimensions. Before the dawn of the forthcoming year, these truly tremendous technologies will probably going to be precursors to the technology that will define the overall course of human technology.

Technology helps us to deliver innovation and revolutionize the potential of Humans!!