The Information and Decision Support Center of the Council of Ministers issued a new report entitled “Technology after 2023,” in which it shed light on technology trends during and after 2023, and highlighted emerging technologies. The report also reviewed the most important technology trends in Egypt, in addition to the future of technology.
The report explained the most important technology trends in 2023, including:
- Applied artificial intelligence: Research issued by McKinsey expects that the potential economic value of applied artificial intelligence will range between 17 and 26 trillion US dollars, indicating that the share of companies seeking to achieve this value is constantly increasing.
McKinsey's annual global survey on the state of artificial intelligence in 2022 shows that the proportion of responding organizations adopting artificial intelligence has more than doubled from 20% in 2017 to 50% in 2022.
Although investments in artificial intelligence decreased to $104 billion in 2022 compared to $146.8 billion in 2021, they continued to advance compared to the levels of the 2018-2020 period, which averaged $73.5 billion. Research also shows that investment in this field increases Potentials and advantages of artificial intelligence.
Machine learning processes: Machine learning processes refer to the engineering practices needed to scale and sustain machine learning applications in an organization. These practices are enabled and supported both cross-functionally and interoperably. Experience suggests that organizations that prioritize successful machine learning can shorten the time frame for production. 8-10x machine learning applications and reduce development resources by up to 40%. Indeed, there is a trend towards investing increasingly in machine learning processes; Corporate investments in this field amounted to about 4.7 billion US dollars in 2021 and remained strong throughout 2022 at 3.4 billion US dollars.
- Generative artificial intelligence: Generative artificial intelligence is a turning point in the field of artificial intelligence in general. It helps create new content — such as text, audio, video, images, and icons — based on information it learns from similar formats of data, and generative AI can adapt technology to serve a wide range of tasks such as summarizing, categorizing, drafting. This is in contrast to previous generations of AI models which were often “narrow”, meaning they could only perform one task.
- Web 3: “Web 3” is a future model of the Internet that decentralizes and redistributes power to users, which could give them greater control over their personal data and stronger ownership of digital assets.
The report shed light on the top 10 industrial automation trends in 2023, which are: Assembly manufacturing, cybersecurity, 5G, cryptocurrencies, wearables, artificial intelligence, advanced robotics, industrial Internet of Things, advanced cloud computing, interactive technologies. The report stated that progress in industrial automation leads to increased production efficiency, reduced costs, and improved operations, which prompts manufacturers to maximize their benefits.
Startups also seek to accelerate this matter by providing ready-made, quickly integrated and scalable automation solutions. The Automation Innovation Map also reveals the top 10 trends for innovation in the field of industrial automation, which affect 2,947 companies around the world. It also draws attention to the 20 most prominent global startup companies adept at This field, which works to improve the strategic decision-making process.
Regarding the development of the industrial automation market during the period (from 2022 to 2032), the report stated that the size of the global industrial automation market was estimated at approximately 195 billion US dollars in 2022, and it is noted that it is heading towards expansion to exceed 459.51 billion US dollars by 2032, and it is expected that It grows at a compound annual growth rate of 9% during the expected period (2023-2032),
It was also noted that the value of the industrial automation market in the Asia-Pacific region reached US$58.7 billion in 2022, recording a revenue share of more than 38% of the global automation market.
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