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CES 23, TECHSPO & SAITEX: Learn how new tech will impact your business in 2023

Published by
WIlliam Dube

CES 2023

The Consumer Electronics Show (CES) is a global technology exhibition that’s been happening annually since the 1960s. It puts a spotlight on some of the top ideas from big-brand tech companies and startups. It was hosted in Las Vegas a few days ago again this year, and despite the show being more consumer-focused and drawing more hype than intended revenue, it also provided a window to upcoming trends and how they will affect the future of businesses around the world.

Many big brands use these events to show off what they are working on and keep relevant in their respective industries, but some take the opportunity to partner with small firms and startups who might have a solution that they can apply to their products.

However, most simply try their best to engineer their version with a few unique twists. In most recent years, this has been attributed to the foldable phone’s movement back in 2019, which brought about some great phones like the Game and CellularCity. Most notable are the current MTN deals, which have the Galaxy Z Fold 4 5G Edition and Huawei P50 Pocket Premium Edition (512GB) LTE for as low as R1,769 and R1,859, respectively.

Despite this show being just one of the many shows that are held to help us navigate the world of tomorrow, there are still other conferences that are closer to home and can be of benefit to South African business owners. TECHSPO and SAITEX are two of the most renowned local expos that showcase the technological advancements and applications to our own continent and business landscape that might be applied by commercial players and the government. TECHSPO is going to be held later this year in both Johannesburg and Cape Town on 19-20 October and 26-27 October 2023, which will be the next weekend, respectively. SAITEX is scheduled to go on much sooner from the 18th to 20th of June 2023.

Here are 4 big product trends seen at CES 2023 that are coming to production and might be key areas to expect to shake up the business landscape of the world and South Africa:

Home Security and Connectivity

The Internet of Things is now part of our everyday lives, connecting everything from appliances and lights to cars. Moreover, there is now one connection with the development of “matter,” which was introduced in 2019 as Project Connected Home over IP (CHIP). This will lead to more smart gadgets and smart home technology than ever! Its open-source nature has allowed its API to be used for other devices and integration with Apple’s home kit. Some of the products seen this year were the Ring Always Home Cam and fast – fingerprint ready locks from Lockly. And considering how personal and corporate security has a growing increase, it would be wise to invest in technology that stays ahead of any criminal activity.

Artificial Intelligence

AI isn’t just for games and apps anymore. It’s starting to make an impact on our everyday lives. Many new AI-based products are being developed, and the development of Open AI software like ChatGPT and Dall-E has also led to the addition of many new applications. This year at CES, there was a demonstration of ChatGPT running on a typewriter, which was ironically called “Ghostwriter.” This was just a demonstration of the potential that AI wields. Its applications will be vast, and it is poised to take over financial security and education in ways that will revolutionize the world. In fact, Unesco is working on a regulatory framework to ensure readiness for application.

Electric Vehicles

Electric vehicles and self-driving technology keep growing in popularity, and soon they’ll be everywhere. And as the Internet of Things continues to take off, so will the number of smart devices connected to the internet. Last year, Sony showed off their prototype of an electric vehicle, but this year they stepped it up by showing the newer version, developed in collaboration with Honda and called the Afeela. It is expected to be available in 2026. They are still in the development phase for technologies, but self-driving technology might be ready by then. This sector has the potential to grow the African freight industry because it can be used to deliver long-distance goods while ensuring efficiency because drivers will not have to travel tired.

Photo by Uriel Soberanes on Unsplash

Photo by Uriel Soberanes on Unsplash

VR & AR

Augmented reality is still taking off; by the looks of it, it’s just getting started. In 2021, more than 250 million augmented and virtual reality devices were sold worldwide, and those numbers are expected to double in the next few years. AR technology is proving to be more popular with everyday consumers, and CES 23 saw the launch of the HTC Vive XR Elite and an announcement for the TCL Ray Neo x2, which is expected to be launched first for the Chinese market in the first half of 2023. The Vive XR offers more immersive experience, but the Ray Neo X2’s look like average glasses with much more smart features. Both technologies can be applied to better South African business sectors as they present an opportunity for metaverse use, virtual workshops or meetings, and training, as well as digital twin environments.

WIlliam Dube

William Dube is a finance and economic news expert with over 10 years of experience in economic anaylsis, financial product assessment and market analysis. With a numerous certificates from prestigious universities including but not limited to Yale University and the University of Pennyslivenia. William specializes in providing insightful news developments in South Africa and commentary on investment strategies, risk management, and global economic trends. You can contact him on william@rateweb.co.za

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Published by
WIlliam Dube

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