Quantum Computing, Prompt Engineering, Generative AI (Artificial Intelligence), and on goes the list of modern-day technologies that are transforming the way we live. We wake up to an innovative technology almost every single day in one field of engineering or other. The list of innovations keep growing day-by-day, and so do the risks and associated challenges– the question is, how do we keep up the pace?

As technology continues to advance, we should also strive for progress amidst all the chaos. The outlook for the tech industry in 2023 is largely optimistic, emphasising that it continues to be a strong option for businesses seeking growth. Research indicates that the worldwide information technology market expanded from USD 8.1 trillion in 2022 to USD 8.85 trillion in 2023, with a compound annual growth rate (CAGR) of 8.2 per cent. It is projected to reach USD 11 trillion in 2027, with a CAGR of 8 per cent.

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This article written by Honey Baweja was published on BW BusinessWorld