The Top 6 Tech Trends In 2024 Everyone Must Be Ready For
The year is upon us and technology is ready for a fresh start. The ever-evolving tech world continues to shape the way we work at an unbelievable pace. From exciting AI breakthroughs to advancements in cloud computing and beyond, 2024 holds the promise of remarkable technological innovations. As Tim Berners-Lee, the creator of the World Wide Web, acknowledged, the future is still unfolding, bringing endless possibilities. So, let’s delve into the must-know tech trends that you simply cannot afford to miss.
Table of Contents
1. Artificial Intelligence (AI)
John Roese, the Global Chief Technology Officer of Dell Technologies, anticipates that the transition from theory to practice in GenAI dialogue will involve shifts in training infrastructure and cost to inference and cost of operation.
According to him, “Although GenAI has stimulated highly imaginative ideas regarding its transformative potential in business and the world, there are limited real-world, scaled GenAI initiatives. By 2024, we will witness the initial wave of GenAI enterprise projects reaching levels of maturity that will reveal important dimensions of GenAI, which have yet to be fully comprehended in the early stages.”
2. Continuous Threat Exposure Management (CTEM)
Maintaining cybersecurity remains a top priority for organizations. They strive for pragmatic and systemic approaches to optimize their strategies for mitigating risks. An advanced approach called CTEM is gaining popularity, aligning exposure assessment cycles with business projects and threat vectors. This ensures that organizational security efforts are in line with objectives.
CTEM goes beyond traditional vulnerability management, addressing both patchable and unmatchable exposures. It recognizes the need for comprehensive risk mitigation. To validate security controls and prioritize decisions, CTEM incorporates an attacker’s perspective. It simulates real-world attacks to test the resilience of defenses.
It must be recognized that one of the main sources of threats to business is modern technology communications. There are not many interaction systems with a sufficient level of security. One of them is online faxing. The fax app has all the same benefits as a desktop fax but is easier to use. If you realize the benefits of secure communication, why not try this out application? It only requires the employee to have an iPhone and an inexpensive subscription (you can stay in the free trial period).
3. Phygital Convergence
The entwining of the real and digital realms is progressing at an unprecedented pace. Technologies like augmented reality (AR), virtual reality (VR), and the immersive internet are dissolving the boundaries that separate our physical presence from the digital spaces we increasingly inhabit. Our existence as digital avatars within virtual environments is more pronounced than ever before. This reality transcends the realms of work, where collaboration takes place remotely through platforms such as Zoom, Teams, and Slack, and extends into the domain of play, where online gaming and esports have soared in popularity. Social apps like TikTok and Instagram allow us to construct virtual arenas where we share carefully curated moments from our “real” lives, crafting digital personas that become our virtual selves.
This phenomenon of the merging of digital and physical worlds is manifesting across industries through the concept of the digital twin—a virtual replica of a tangible object, system, or process. Whether it’s a simple individual component or a complex city or ecosystem, the digital twin is constructed based on data gleaned from its real-world counterpart. The advancements in genomics have enabled us to distill the very essence of life into digital code—manipulable and reconstructable in the physical realm to engineer new drugs and eradicate diseases.
4. A Boost In Cloud Computing
Individuals and organizations can utilize cloud computing to access and utilize various resources (e.g., storage, databases, software) via the internet, also known as the cloud. This technology offers several advantages, including cost reduction, improved efficiency, easy scalability, and enhanced flexibility. While not entirely new (SaaS products serve as a good example), there is expected to be a notable rise in cloud computing services by 2024. One approach gaining traction is multi-cloud, which involves integrating cloud services from different providers, including public, private, and hybrid clouds. A multi-cloud environment offers benefits such as risk mitigation, resource optimization, and increased flexibility.
5. Sustainable Technology
During 2024, sustainable technology will remain in the spotlight as countries and corporations strive to meet their net-zero commitments. Simultaneously, individuals will increasingly utilize technology to reduce their personal impact on the environment.
Sustainable technology encompasses eco-friendly alternatives to everyday practices, like the growing market share of electric cars, bicycles, and public transportation in 2024. It also includes innovative solutions to environmental challenges, such as carbon capture and storage, as well as renewable and green energy technologies. The concept of a circular economy will gain momentum, with durability, recyclability, and reusability being integrated into product designs. Moreover, the tech industry will embrace ideas like green cloud computing, which prioritizes energy consumption reduction and carbon emissions, and the development of sustainable apps – software tools aimed at facilitating an eco-conscious lifestyle.
6. Blockchain & Crypto
In 2024, we can anticipate a rise in the decentralization of blockchain. For example, decentralized finance (DeFi) will continue to expand and provide alternatives to traditional financial services. Central banks will also explore central bank digital currencies (CBDCs), with the eurozone, UK, China, India, and Brazil expected to introduce these currencies. AI has the potential to enhance the benefits of CBDCs. It can facilitate financial inclusion by delivering fast and accurate credit scoring based on diverse data. Moreover, it can offer personalized assistance to individuals with limited financial literacy.
In 2024, we will witness the increased use and proliferation of technologies such as AI, big data analytics, and cybersecurity risk management tools. If you think a little deeper, most technologies deal with big data: securing it, processing it, better understanding it, or even learning from it. Everything related to this area will be in demand in 2024.