Top Technology Investment Trends to Keep an Eye on in 2023 (Part 1)

Tuesday, 28/03/2023 20:00 (GTM +7)

The influx of significant investment capital into Vietnamese technology startups presents opportunities and challenges for these startups in meeting business expectations.

As per the GlobalData report, technology trends are expected to be highly appealing to investors by 2023.

Artificial Intelligence (AI)

As GlobalData report, the artificial intelligence (AI) industry is projected to reach a value of $93 billion in 2023, reflecting a 12% increase from the previous year. IBM reports a remarkable 259% growth in job postings in this field during the first and second quarters of 2022. With the advent of advanced technologies such as quantum computing and the Internet of Things (IoT), AI is among the most highly anticipated emerging technologies. There are numerous applications of AI, including:

DALL-E 2, launched in 2022 by OpenAI, creates images from text. Google and Meta have also developed AI applications that generate videos from text.
ChatGPT creates well-researched documents, but Google is worried about its impact on search engines and is working on solutions.
Benkon uses IoT and AI to improve user experience and reduce carbon emissions by saving energy for air conditioners.
Care Angel uses voice-based technology to examine patients’ health and collect data, reducing hospitalization and improving care quality.

ITI Fund - Chat GPT - Sự đột phá về công nghệ ứng dụng trí tuệ nhân tạo Chat GPT to be a breakthrough in artificial intelligence (AI) language generation.

AI companies must prioritize transparency and accountability in their operations to build trust and ensure the long-term success of their businesses.

Quantum computer

Quantum computers offer a significant boost in computing power compared to classic computers, potentially solving complex problems in seconds that would take years with current technology. This has implications for industries such as finance, healthcare, and logistics.

ITI Fund - Máy tính lượng tử Quantum computers, the machines of the future

According to an International Data Corp. analysis, the global quantum-computing industry is projected to grow from $412 million in 2020 to $8.6 billion in 2027. Despite quantum computers’ simple appearance, they play an important role in many fields:

Optimizing the routes of thousands of fuel tankers traversing the globe.
Helping decide which ICU patients require the most urgent care.
Training algorithms better that can finally turn driverless cars and drone taxis into a reality.
Solving existential challenges like climate change and food security.

Quantum computer comes with risks. Its problem-solving capacity will soon render jeopardize communications, financial transactions, and even military defences:

Security is a major concern when it comes to quantum computing. Most cybersecurity is based on RSA; while a classic computer needs billions of years to crack RSA, a fast quantum computer could do it in a matter of hours. The intrusion and attack systems risk will increase if people do not adopt more secure protocols.
Verification in quantum computing is challenging due to the computational speed of quantum computers, requiring specialized tools and techniques. Establishing trust across the quantum computing ecosystem is crucial for ensuring accuracy and reliability.

Máy tinh lượng tử có thể tác động xấu đến lĩnh vực giao dịch tài chính Quantum computers could have a negative impact on the financial transaction

Internet of Things (IoT)

GlobalData predicts that the Internet of Things (IoT) market will reach $650 billion by 2023, with $315 billion attributed to smart cities and $335 billion to the Internet industry. Despite the current economic situation, IoT is expected to continue its growth trajectory.

According to Juniper Research, the reduction in production and hardware component costs, coupled with the increasing popularity of IoT in smart software for buildings, has decreased component and labour costs.
The advent of 4G technology has enabled faster and more secure transmission, reducing the risk of data overload and allowing IoT devices to proliferate.
The strong development of artificial intelligence (AI) and automation has made autopilot a reality, thanks to their rhythm distribution and assistance. These two technologies are expected to continue to advance and play a significant role in the growth of IoT.

The Internet of Things (IoT) has gained widespread popularity and applicability, extending beyond households, factories, and industrial areas. It is now being developed to combat climate change and protect the environment.

IoT sensors in waste management provide real-time information on wastewater quality and environmental indicators, avoiding negative effects on workers’ health. They optimize waste treatment processes, improve efficiency, reduce energy consumption, and minimize waste generation.
The development of smart cities involves leveraging IoT technology to gather and analyze data on vehicle density and traffic flow. This information can be used to propose solutions that reduce traffic congestion and prevent traffic jams, ultimately improving the overall efficiency of urban transportation systems.
IoT technology enables smart devices to operate intelligently without direct human control, optimizing energy consumption and enhancing user experience. For example, air conditioners can be programmed to adjust temperature settings based on occupancy and ambient conditions, resulting in energy savings and improved comfort.

IoT được ứng dụng trong việc xây dựng đô thị thông minh IoT is used in building smart cities

Despite its potential benefits, IoT faces significant challenges, particularly in the area of security. The development of advanced technologies such as AI, machine learning, and blockchain is expected to drive improvements in security and support the continued growth of the IoT industry.