2024 looks to be an especially exciting time for tech trends, thanks to developments in artificial intelligence (AI), emerging combinations of cutting-edge technologies, and novel applications of existing technologies. In addition to technological advancements, the trends of 2024 will also reflect how market forces and social consciousness have affected the ways technology has been applied. In this article, we talk about the upcoming tech trends of 2024.
What tech trends should you expect?
Understanding what’s around the corner is vital for any business, as any of these trends could prove a potential asset for your organization:
Generative AI
This technology is reshaping industries by empowering machines to create content that is almost indistinguishable from human-generated work. From crafting text to generating images and even composing music, generative AI opens up new possibilities.This technology can also be applied to AI development, data sciences, and research, as generative AI can make extrapolations and simulations at scales and speeds that non-AI powered programs cannot match.
Converging realities
Augmented reality (AR), virtual reality (VR), and future developments in immersive internet technologies are breaking down barriers, blending the physical and digital experiences. Whether it’s collaborating on virtual platforms like Zoom or engaging in online gaming, the distinction between people’s physical and digital lives is becoming less noticeable. The rise of digital twins, which are virtual representations of real-world objects or processes, exemplifies this convergence, allowing for safe and cost-effective simulations that can be applied to healthcare, construction, and manufacturing.
Cyber resilience
The IBM Cost of a Data Breach Report 2023 found that the global average cost of a data breach has reached $4.45 million, marking a 15% increase from 2020. A report by Cybersecurity Ventures predicts cybercrime will cost businesses around the world a combined $9.5 trillion in 2024. With cyberthreats on the rise and increasing in sophistication, businesses must prioritize cyber resilience in 2024, and improve their ability to prepare for, respond to, and recover from cyberattacks of all kinds.
Quantum computing
Quantum computing, once a futuristic concept, harnesses the unique properties of quantum mechanics to find solutions to complex problems incomprehensible to traditional computers. Its potential applications range from pharmaceutical research and materials science to financial modeling and cryptography. As quantum computing matures, its potential benefits across various industries become more tangible.
Blockchain
Often associated with cryptocurrencies such as Bitcoin, blockchain also offers security benefits in various other applications. Blockchain operates by storing data in immutable “blocks” that can be linked together to form a decentralized database. The only time data can be altered in the blockchain format is when that data is first added, which makes blockchain ideal for storing records of transactions. The inherent integrity of blockchain has encouraged industries outside of finance to adopt the method, which will probably increase the demand for skilled professionals.
Robotic process automation (RPA)
RPA is transforming how businesses operate by automating repetitive tasks. From entering data and processing transactions to responding to emails and managing invoices, RPA frees up employees’ time for more strategic and creative work. In 2024, the adoption of RPA will likely continue to rise, streamlining workflows and enhancing productivity across various industries.
Green technology
As environmental concerns take precedence, green technology is becoming increasingly vital. 2024 will probably see a surge in sustainable solutions such as renewable energy technologies, circular economy initiatives, and green cloud computing. Individuals will also play a crucial role by adopting eco-friendly practices and utilizing sustainable apps to minimize their environmental footprint.
Prepare for the tech trends of 2024 by contacting PCA Technology Group. Speak with one of our experts to learn which new technologies could potentially benefit your business.
