The 10 Technology Trends that will define 2024

1. Artificial Intelligence (AI): The Engine of Innovation

Artificial intelligence (AI) is the cornerstone of technological innovation in 2024. As AI algorithms become more sophisticated and pervasive, we are experiencing a significant transformation in process automation, business decision making and service personalization. AI is no longer limited to virtual assistants and chatbots; it is now driving advances in fields such as medicine, logistics and artistic creativity.

2. 5G: The Connectivity Revolution

The deployment of 5G networks continues to advance at a rapid pace, promising to transform the way we communicate and access information. The low latency and high speed of 5G will drive revolutionary applications such as high-precision remote surgery, real-time augmented reality and the interconnection of devices in the Internet of Things (IoT).

3. Augmented and Virtual Reality (AR/VR): Beyond Imagination

The technologies of augmented reality (AR) and virtual reality (VR) (AR) and virtual reality (VR) technologies will exceed our expectations by 2024. From immersive enterprise training to unique entertainment experiences, these technologies are constantly evolving. We will see increased adoption of AR/VR devices and applications that will change the way we work, learn and entertain ourselves.

4. Cybersecurity: Protecting Our Digital Space

As our lives become increasingly digital, cybersecurity has become a critical priority. Cyber threats are constantly evolving, which is driving the development of advanced solutions for cybersecurity solutions. Artificial intelligence and machine learning will play a key role in early detection and mitigation of attacks, thus keeping our systems and data secure.

5. Blockchain and Decentralized Finance (DeFi): Beyond Cryptocurrencies.

The blockchain is no longer just the foundation of cryptocurrencies; it is transforming the way we manage trust and transactions. Decentralized Finance (DeFi) is gaining ground, offering loans, exchanges and financial services without intermediaries. In addition to finance, blockchain is being used in sectors such as supply chain management, electronic voting and identity authentication.

6. Quantum Computing: Unlocking Unimaginable Potential

Although still in its early stages of development, quantum computing is on its way to radically changing computing. Large technology companies are investing in the research and development of quantum solutions that can solve extremely complex problems in minutes rather than years. From simulating molecules for drug creation to optimizing logistics routes, quantum computing will open up new possibilities in science and industry.

7. Technological Sustainability: Toward a Greener Future

Environmental concerns are driving significant changes in the technology industry. Companies are adopting more sustainable practices in device manufacturing and data management. Renewable energy and energy efficiency are at the center of technological innovation, paving the way for a cleaner, greener future.

8. Digital Health: Redefining Health Care

The COVID-19 pandemic accelerated the adoption of telemedicine and digital health. By 2024, we will see greater integration of health monitoring devices and diagnostic applications in the home. This will enable patients to access care more conveniently and effectively, while improving disease prevention and monitoring.

9. Advanced Robotics: Partners at Work and in Everyday Life

Advanced robots are no longer limited to factories; they are playing increasingly diverse roles in our society. From home health aides to co-workers in automated warehouses, advanced robotics will improve efficiency and safety in a variety of industries and contexts.

10. Digital Education: Personalized Learning for All

Digital education is undergoing a revolution driven by artificial intelligence. In 2024, we will see an increased focus on personalized learning, where AI will tailor content and teaching strategies according to the individual needs of learners. This will further democratize quality education, breaking down geographic and economic barriers and providing educational opportunities worldwide.

In short, 2024 promises to be an exciting year in terms of technological advances. These trends are redefining the way we live and work, and are opening up new possibilities in all aspects of our society. Staying on top of these innovations is essential to being prepared and making the most of the opportunities that the coming year brings. We are on the brink of an exciting technological future, and we must be ready for it.

Source - https://qaleon.com/en/blog/las-10-tendencias-tecnologicas-que-definiran-el-2024/

Amazing work by Qaleon

I can add a bit more colour around the above:

1. SEC and EMEA are tightening the reporting including controls around cybersecurity - https://www.infosecurity-magazine.com/interviews/ciso-talks-ai-deepfakes-managing/
2. Data challenges are still a problem for both the private and public sector organizations - https://www.astera.com/type/blog/data-ingestion/ Astera
3. Fixing the healthcare delivery model will include AI/Generative strategy - https://www.jdsupra.com/legalnews/privacy-concerns-at-the-intersection-of-2303686/ or https://ottawacitizen.com/opinion/todays-letters-fixing-health-care-isnt-just-about-dollars
4. ESG reporting is still plague with many challenges including auditing standards, data quality/integrity, costs, etc. Blog – Why are enterprises struggling with ESG Reporting - https://www.dhirubhai.net/posts/paul-young-055632b_businesses-not-prepared-for-new-esg-reporting-activity-7094300326098321410-4uZN?utm_source=share&utm_medium=member_desktop
5. 5G roll outs have many challenges - https://www.dhirubhai.net/posts/alan-bertsch-93846714_5g-challenges-why-it-isnt-rolling-out-faster-activity-7121226158863437824-kyqV?utm_source=share&utm_medium=member_desktop Many thanks to Alan Bertsch and Qypsys for sharing this blog
6. Robots continue to play a key role - https://www.roboticstomorrow.com/story/2023/10/warehouses-may-be-the-first-industry-to-adopt-humanoid-robot-workers/21380/
7. Accounting rules coming for crypto currencies - https://decrypt.co/news-explorer?pinned=295998&title=fasb-approves-new-rules-for-valuing-crypto-assets-in-company-statements
8. Having the right AR and VR strategy - https://www.digitaljournal.com/pr/news/newsmantraa/future-workplace-viability-of-augmented-and-virtual-reality-for-business-and-learning-professionals
9. I have done eLearning over my career and it has evolved. There are still challenges as many people prefer in person classroom training.
10. Addressing the challenges with quantum adoption - https://techxplore.com/news/2023-10-qa-quantum-economic-growth.html

I have been working with technological solutions for nearly 20 years. The key with any adoption is to have the right plan including security assessment, HR, legal, project management, etc.

Paul Young CPA CGA

Senior Data and AI Thought Leader - Emerging Technological Solutions

[email protected]