Technology is one of the most influential and fastest-growing industries that has revolutionized the 21st century. As many business owners know, technology has a massive impact on other sectors and can be the determining factor in keeping up with and staying ahead of competitors.

Everest Business Funding, a revenue-based funding partner, encourages businesses to stay in the know to keep up with how technology is evolving in their sector by monitoring the upcoming year’s business tech trends, like these predictions for the top business technology trends for 2023:

1. Immersive Consumer Experience

The number one thing on consumers’ minds for 2022 going into 2023 is experience. Technology is rolling out the red carpet for customers to enjoy interacting with a company through virtual reality experiences such as the metaverse. In this digital and interactive 3D environment, customers can use virtual dressing rooms to try on accessories and clothes from stores like Hugo Boss and Walmart, which impacts the retail market both offline and online. This trend of delivering enhanced consumer experiences is so significant that big brands such as Adweek and Adobe are bringing a new role of chief experience officers (CXO) aboard their executive staff.

2. Digital Immune System

Protecting a business’ digital side from unwelcome guests has become increasingly needed as industries adopt more technology. Cybersecurity troubles such as data breaches are enhancing their intelligence just as quickly as the evolution of technological integration. That means businesses must strengthen their digital immune system to maintain protection against spammers, online criminals, hackers, and more. Companies can keep their digital spaces safe with a digital immune system and build their system’s strength through observation and automation. Organization developers should stay up-to-date with the latest digital immune system designs to continue to decrease online security risks.

3. Sustainability

The call to action to protect the planet and environment from the further damages of carbon dioxide emissions and climate change has created a generation of conscience consumers seeking sustainable and energy-efficient technology. Businesses are also turning to sustainable options to adapt their operations to adhere to centralizing environmental, social, and governance (ESG) processes in their long-term growth strategies. The shift from fossil fuels to renewable energy will take time, but technological advances have brought the world closer to the transition. For example, the combination of AI and emissions management software allows developers to build sustainability-focused technology, fueling new markets and opening doors to opportune sustainable growth.

4. Artificial Intelligence

Artificial intelligence (AI) seems to be an ongoing trend that won’t fizzle out, which is true. The benefits of AI and how it has transformed multiple industries are too progressive for a fadeout anytime soon. AI has allowed businesses to automate tasks and generate a larger volume of work output, allowing the humans in an organization to shift their focus to tackling more prominent and better industry needs. During this 2022 year, GPT-3 tools and DALL-E took AI to the next level showing how AI can use simple queries to produce text, speech, and visual imagery.

About Everest Business Funding

Everest Business Funding provides alternative finance options and revenue based funding to small business owners. They serve a diverse pool of businesses, from healthcare to retail, to help them obtain working capital to grow, buy inventory, launch marketing campaigns, or hire staff. Everest Business Funding’s clients are treated with respect and receive high-quality guidance and service from its professionals.