London Tech Week 2023: How It Was
Updated: Jun 6
Looking for a portion of valuable insights and emerging business & tech trends for 2023 and beyond? JEVERA is your insider capable of delivering the latest news. Recently, we visited the London Tech Summit and discovered what technologies, niches, and approaches you should pay attention to. Read on to explore the top 5 trends that create buzz around:
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Digital inclusion
“Digital inclusion is defined as “equitable, meaningful, and safe access to use, lead, and design of digital technologies, services, and associated opportunities for everyone, everywhere”.
Businesses and public authorities are still working on the accessibility and equitable provision of digital services and opportunities. The joint efforts help grow the generation of highly-skilled tech specialists and a digital-oriented mindset.
Meanwhile, Iryna Manukovska, CMO at JEVERA and the attendant of London Tech Week 2023, reports, “Experts claim inability to use the full potential of smartphones limits digitalization progress in the country [the UK].” Global full fibre project is in progress, a 100% 5G coverage as well; this way, many smartphone features remain unused. It means enterprises still have room for improvement, and this challenge makes them speed up the deployment of each service announced on a tight schedule.
Workforce competition
The global crisis created a struggle between tech specialists and software development service providers. Businesses try to cut costs and simultaneously continue their digital transformation journey, which means staff reduction and careful budget planning. Companies try to grow and employ techies inside the country since collaboration with them is transparent and convenient. Moreover, the on-site and hybrid types of work are returning; this way, business leaders try to supervise and manage processes better.
Meantime, when it comes to B2B, nearshore cooperation with service providers that share similar values and work in almost the same time zone is also extremely popular.
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Prompt engineering
Desperate times call for desperate measures. Earlier, businesses used Rapid Application Development and no-/low-code platforms to handle tech debt and uplift dev velocity. Now, prompt engineering is on the horizon.
Prompt engineering (PE) is a synergy of AI and the ability to ask the right questions. For techies, it’s another must-have skill they should master. The approach can cope with routine tasks and give developers more space to focus on business logic. It’s predicted that PE will:
Speed up Time-to-Market
Reduce Total Cost of Ownership
Enhance developer experience
Country-as-a-service
The public sector digitizes all administrative services to eliminate bureaucracy and speed up processes. Ukraine was the first country to implement an all-in-one system for citizens, "Diia": digitized passports, various features, and integrated governmental systems. This approach was also used by Estonia (mRiik app) and Poland (mObywatel portal).
This year, London Tech Week was presented with Palestine's workforce offer. Meanwhile, Dubai introduced relocation and financial services opportunities. Estonia and Germany were presented with an ecosystem approach in general.
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AI
Web 3.0 & AI
“Web 3.0 may be "an internet of value built on top of web 1.0 communication and web 2.0 social sharing experience."
Graham Cooke
Founder of Stealth Startup
We already can evaluate the potential of AI with its enormous capabilities and accuracy. It’s changing a plenty of processes we used to waste time on. Iryna Manukovska believes that from the cybersecurity perspective AI brings both powers of aces to numerous amounts of linguistic data and challenges how we are going to store and protect it. But Web 3.0 and AI synergy promises to deliver really impressive results in terms of cybersecurity, data protection & management and the new generation of global economy. The global changes we should expect make businesses get ready to be even more flexible and build-in cybersecurity into their agenda as a must to keep and improve.
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Governmental investments in AI
Public authorities strive to keep up with the times. Considering the potential and revolution AI democratization provoked, the UK government, for example, has invested millions of pounds across sectors in AI-based projects counting on significant ROI. Such an approach will lead to a chain reaction making public authorities of most countries do the same.
“UK Research and Innovation will invest for programs developing trustworthy and secure AI, including £31m for a UK and international research and innovation ecosystem, £13m for projects helping the UK meet its net zero targets, £10m for Bridge AI studies & Turing Fellowships.”
Chloe Smith
Secretary of State for Science, Innovation
and Technology of the UK Government
For businesses, it means “fierce competition” and “a blue ocean of commercial opportunities.” For the end-users, such attention from the public sector is a sign of enhanced and more convenient services coming soon.
The Bottom Line
The year 2023 helped businesses feel something similar to the appearance of the first smartphone or laptop. AI-based revolution makes governments and the private sector equally involved in global digitization and technology adoption. The above trends are a core enterprises should build their development strategies around since they came to stay and evolve for the next decade.
