New Digital Universe

5G is driving the next growth wave for Digital India and 5G is set to become a connectivity fabric for the country. The frontier technologies including 5G, IoT, AI, AR, VR permeate our daily lives. We’re already seeing an emerging bridge between the digital and physical worlds, and this trend will continue in 2023.

Continuous innovation on the future networking technologies with the right set of automation and optimization tools will ultimately enable frugal innovation and collaboration at scale for India. Unlocking innovation at grass-root levels through edtech, health-tech, Agri-tech, and fintech startups remains crucial in these changing times.

A trillion-dollar digital economy led by a robust well connected digital national infrastructure thus needs to be supported by a skilled and a fungible workforce providing real world experiences via next-gen infrastructure, new age devices, and conversational AI-led services.

Artificial intelligence will become more prevalent in 2023 with natural language processing and machine learning advancement. Artificial intelligence can better understand us and perform more complex tasks using this technology. It is estimated that 5G will revolutionize the way we live and work in the future.

We’re already seeing this trend in the retail market. Few enterprises are already using AI-enabled algorithms to recommend clothes to its customers that match their sizes and tastes.

Contactless, autonomous shopping and delivery will also be a huge trend for 2023. AI will make it easier for consumers to pay for and receive goods and services. Blockchain technology will also advance significantly in 2023 as companies create more decentralized products and services.

AI will also augment nearly every job in every business process across industries. More retailers will use AI to manage and automate the complex inventory management processes that happen behind the scenes, so convenience trends like buy-online-pickup-at-curbside (BOPAC), buy-online-pickup-in-store (BOPIS), and buy-online-return-in-store (BORIS), will become standard.

Finally, the time has come to see continued push toward making supply chains more transparent, as consumers demand that the products and services they invest in are energy efficient and backed by more sustainable technology.