Emerging Trends In AR/VR: The Integration With AI, Blockchain, And IoT
An emerging trend that has the potential to completely change how we interact with the digital world is the integration of AR/VR with other technologies like AI, blockchain, and IoT. These are a few instances:
By allowing more intelligent interactions and personalization, the integration of AI and AR/VR can improve user experience. AI-powered chatbots, for instance, may offer tailored support in AR/VR settings.
By combining blockchain with AR/VR, a more secure and decentralized platform for content ownership and delivery may be created. Blockchain-based systems, for instance, may be used to create and distribute digital assets like virtual real estate.
It is obvious that technology will continue to reshape and modify the world around us as 2023 draws closer. The technological environment is continually changing, including everything from blockchain and the internet of things to artificial intelligence and augmented/virtual reality.
In this post, I’ll examine the most important developments in these fields, as well as cybersecurity and other areas. Prepare to explore the fascinating world of cutting-edge technology and discover what the future holds!
The market for artificial intelligence (AI) enjoyed a record-breaking year. There have been some major developments in AI technology, such as the Intel Habana Gaudi2 and the NVIDIA DGX Station. Tools for generative AI like DALL-E and ChatGPT also attracted a lot of interest. What does 2023 hold for AI as the desire for automation rises? These are my forecasts:
AI-powered personal assistants will advance in sophistication and be able to understand and respond to a wider variety of instructions and inquiries. Examples include Apple’s Siri and Amazon’s Alexa.
Natural language processing (NLP) has made considerable strides in recent years, making it possible for AI systems to comprehend and produce language that is similar to that of humans. As a result, chatbots and virtual assistants that can converse with humans will evolve.
Predictive analytics will increasingly be used by AI, which will evaluate big datasets and forecast upcoming occurrences or trends. For instance, AI will be employed at increasingly sophisticated levels to estimate demand for a product or predict client behavior.
Development of autonomous systems Drones and other autonomous systems will be increasingly prevalent and are anticipated to have a bigger impact on a variety of businesses. These systems will combine with other AI to synthesize their decision-making and environment-navigation capabilities.
The AR/VR market had a successful year. Major businesses intensified their metaverse activities. Once Apple changed the name of their System to “xrOS,” video game pioneer John Carmack departed Meta. There are an estimated 171 million users globally and a $12.13 billion market. Here are four projections for this industry, which is expanding quickly, for 2023:
With the help of the metaverse, businesses will be able to set up a virtual workspace where staff members may collaborate on projects, attend training classes, and hold meetings. As more businesses adopt remote work and virtual collaboration, it is anticipated that this technology will gain in popularity.
Sports, music, gaming, and wellness will all be made possible by AR/VR. Sports fans’ viewing experiences will be improved by AR/VR technology, for instance, by giving them virtual access to unique content and behind-the-scenes pictures. Also, it will be applied to the music business to provide immersive performances.
To improve the purchasing experience, AR/VR technology is also anticipated to be employed more frequently in the e-commerce sector. Customers will be able to visually try on items or see how furniture will appear in their house before making a purchase, for instance, thanks to AR technology.
As AR/VR technology develops further, more cross-platform mixed-reality experiences that combine the real and virtual worlds are anticipated. Users will be able to engage with both real-world physical things and virtual ones through these experiences.
Web usage will continue to grow, and webinars will also rise. This indicates that no additional software or apps would be required to enhance the experience. WebAR would be utilized to develop immersive e-commerce experiences, make-believe instructional materials, and interactive museum exhibitions.
This year’s blockchain technology slumped as the bear market hit cryptocurrency investors. FTX declared bankruptcy, Luna and Terra plummeted, and Bitcoin saw a sharp decline. The Ethereum upgrade and the widespread use of cryptocurrencies by businesses and industries were the two biggest positives. Although it’s difficult to anticipate what this business will look like in the future, here are my predictions for 2023:
It is anticipated that regulators will intensify their examination of cryptocurrencies and associated activities as the crypto business becomes more widely accepted. This can entail stricter laws and regulations as well as enhanced enforcement of already-existing laws.
According to several analysts, Ethereum, the second-largest cryptocurrency by market value, has the potential to surpass Bitcoin in the years to come. This is due to Ethereum’s more adaptable architecture, which can accommodate a wider variety of decentralized applications.
It is anticipated that Web3 platforms, which leverage blockchain technology to allow decentralized apps, will gain more and more traction. These platforms, which provide a safer and more open substitute for conventional web-based applications, are probably to be embraced by many different businesses.
Despite chip scarcity, the market for IoT devices is estimated to be worth $800 billion. Consumer media and internet devices, the industry’s largest category, will generate $100 billion in revenue in 2022. Given that this number is anticipated to increase, I’m projecting the following four developments for IoT in 2023:
Increasing growth: As more and more devices are linked to the internet and as demand for automation and data analysis rises, the Internet of Things (IoT) market will continue to see considerable growth in the years to come.
The IoT market will develop significantly as a result of the widespread use of 5G technology. It will enable new use cases that were previously impractical and give devices quicker, more dependable communication.
In the upcoming years, there will probably be substantial developments in the fields of AI, AR/VR, and IoT. Personal assistants, natural language processing, predictive analytics, and autonomous systems are all predicted to benefit from AI. Corporate metaverses, immersive entertainment, augmented commerce, and cross-platform mixed realities are projected to progress thanks to AR/VR.
IoT is anticipated to expand, create new products and applications, and rise in popularity across a range of sectors while increasing productivity and lowering costs. It’s crucial to remember that it might be challenging to make precise forecasts concerning these technologies.