Predicting trends can be complex, but emerging innovative information technologies are already making waves. These innovations grab attention, show promise, and could drive business growth and innovation. Here are our top tech trends set to shape 2024 and their potential. Let’s dive in!
Generative AI
Artificial intelligence is set to be a significant tech trend in 2024. A recent survey showed that 79% of people have interacted with AI, with 22% using it regularly at work. Thanks to cloud computing and open-source tech, Generative AI (GenAI) is becoming more accessible worldwide. A report predicts that by 2026, over 80% of businesses will have put generative AI APIs, models, or applications into production, up from less than 5% earlier this year.
Quantum Computing
Quantum computing is poised to revolutionize the IT and tech industries. In 2024, the focus is shifting from merely increasing the number of qubits to enhancing their quality and reliability, correcting errors, and tackling real-world challenges. Atom Computing’s unveiling of a 1,225-qubit quantum computer demonstrates tangible progress and promising solutions for complex pharmaceutical and cybersecurity issues.
Organizations can significantly improve tasks such as software development by making them faster and more efficient and using information technology in innovation activities for discoveries. It accelerates complex algorithms, strengthens cybersecurity, and redefines software development. However, it also risks current encryption methods, necessitating companies to explore new strategies to protect data in an ever-evolving technological landscape.
Intelligent Applications
Intelligent applications can learn and respond independently, making them super helpful in different contexts to enhance or automate tasks. Critical AI-based services like machine learning, vector stores, and connected data are the backbone of this intelligence. In software development, for instance, intelligent apps can streamline coding, adapt to user preferences, and automate repetitive tasks, boosting efficiency and user experience. These apps provide adaptive experiences that adjust dynamically to what users need.
Continuous Threat Exposure Management
Continuous Threat Exposure Management (CTEM) offers a structured method for organizations to assess and mitigate risks associated with the accessibility, exposure, and exploitation of their digital and physical assets. By aligning CTEM with specific projects or threat areas rather than just infrastructure, organizations can more effectively identify and address vulnerabilities and threats that might otherwise go unnoticed.
Machine Customers
“Custobots” are autonomous entities that can independently negotiate transactions and purchase goods and services through payments. By 2028, it’s projected that 15 billion connected products could act as machine customers, which is expected to keep rising. This trend could generate trillions in revenue by 2030, potentially outpacing the growth of digital commerce.
Given this trajectory, it’s wise to explore ways to support existing customers or develop new ones when crafting strategies. This evolution might involve creating advanced systems for smooth interactions between machine customers and digital platforms, offering challenges and exciting opportunities for innovative tech solutions.
Sustainable Technology
Sustainable technology covers a variety of digital solutions aimed at promoting long-term ecological balance and upholding human rights, which are in line with ESG (Environmental, Social, and Governance) goals. As people become more aware of the environmental impact of technologies like AI, cryptocurrency, and cloud computing, organizations must focus on making IT more efficient, circular, and sustainable. By 2027, around 25 percent of organizations might tie their compensation to how well they manage sustainable technology efforts.
