June 30, 2024

Broadcom: 2023 IT Tech Trends to Watch

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Prepare your organisation for the top five technology predictions for 2023, based on the challenges Broadcom sees companies facing and how trends affect businesses around the world.

At Broadcom, we see firsthand the challenges that businesses face, as well as how technology trends affect the world’s largest corporations. We’ve put together a list of the top five predictions for 2023.

Stay tuned for future blogs from Broadcom’s industry-leading experts delving into the technology behind these predictions:

AI and automation will play a larger role in technology.
Broadcom believes that artificial intelligence and automation go hand in hand in driving operational efficiencies, adaptive processes, higher performance, and stronger security, whether in chips, software, or services. Enabling AI across the entire IT stack becomes even more critical.

AI-powered features are making their way into every layer of technology used by businesses. Flexibility and adaptability are now the rules of the game, according to one leading analyst firm — many businesses learned this the hard way during the COVID pandemic. These changes necessitate “resilience-by-design” and “adaptive-by-definition” for many organisations.

In a hyper-connected, intelligent world, user experiences are critical.
Broadcom believes that in 2023 and beyond, people will have higher expectations for exceptional digital experiences across a wide range of devices and applications. As our world becomes more interconnected and AI-based, user experience becomes even more important in driving customer and employee satisfaction and retention. Even when using mission-critical applications, employees expect user-friendly interfaces and continuous uptime. Customers have high expectations for online banking, email, cloud storage, video on demand (VoD), smart digital assistants, and virtual reality.

Trust management is becoming increasingly important in cybersecurity.
Broadcom believes that the shift to distributed and decentralised trust will accelerate in 2023. Decentralization results in new ways of transacting, communicating, and conducting business — and not just for humans. Different applications have different policies for granting or restricting access. The criteria used to make a decision can vary greatly between applications (or even between different instances of the same application).

What they will all have in common is the need to grant or restrict access to resources based on security criteria. A shift in trust management will be required so that the security mechanism can handle the various criteria. Risk will need to be managed more closely across all aspects of business with distributed trust. And trust security must be tailored to the needs of the business. This will necessitate artificial intelligence, which will allow security to quickly adapt to each customer’s environment.

Multi-cloud will aid in delivering greater business value.
Broadcom believes that in 2023, large global organisations will continue to transition to customising their cloud infrastructure to better suit their specific business. The cloud conversation is shifting away from technology and towards business and even industry models. Vertical industries, such as banking, healthcare, and manufacturing, are moving towards an agile platform backed by a portfolio of industry-specific business capabilities that are directly relevant to their industry. These industry clouds provide greater adaptability, business functionality, and innovation.

The future of enterprise IT is multi-cloud. A multi-cloud strategy provides the freedom to manage and protect data across multiple environments – private, public, or sovereign – at any time. Multi-cloud, when combined with sovereign cloud, enables customers to deliver differentiated services at scale while remaining secure and compliant with regulatory frameworks. Maintaining this level of choice, control, and agility is both critical for growth and a daunting task for businesses around the world.

Our digital future will be linked by wireless broadband.
Broadcom believes that wireless broadband infrastructure innovation will result in more inventive applications in 2023. With its high speed and low latency capabilities, next-generation wireless broadband will power the internet at the edge, enabling immersive augmented and virtual reality, whole-home video distribution, gaming, and telemedicine, to name a few applications. Wi-Fi 6E and Wi-Fi 7 will use the 6 GHz band to supplement the multi-gigabit “10G” broadband entering homes and businesses, enabling new experiences that go beyond traditional communications.

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