Major Technological Advancements Anticipated in 2024 and Beyond

2024 is poised to witness groundbreaking developments that will shape the future of various industries. From the evolution of generative AI to the convergence of the physical and digital worlds, advancements in sustainable technology, cyber resilience, quantum computing, semiconductors, batteries, and space technology, the technological landscape is undergoing a profound transformation. This comprehensive overview delves into these technological trends, exploring their significance, potential impacts, and broader implications for society and the environment.

Generative AI:

Generative AI has rapidly emerged as a game-changer in technology and business, generating substantial buzz in late 2022 and 2023. As the world moves into 2024, the focus on generative AI is expected to intensify, with a shift towards smaller, more cost-efficient models. While large language models will continue to thrive, there is a growing demand for models that can run on low-footprint installations, especially on the edge or smaller enterprise architectures. The trend towards smaller models is driven by the need for greater efficiency and accessibility.

In 2024, new AI platforms are anticipated to combat hallucinations by integrating generative AI models with high-quality information from Knowledge Graphs. This integration will pave the way for interconnected networks of models designed for specific tasks, leading to the development of true multi-agent generative ecosystems. The significance of these developments lies in the evolution toward more accessible, versatile, and cost-effective technology, enabling organizations to scale their generative AI use cases rapidly and derive long-term value.

Phygital Convergence:

The blending of the real and digital worlds, known as "Phygital Convergence," is a transformative trend driven by technologies like augmented reality (AR), virtual reality (VR), and the immersive internet. In the realm of work, platforms like Zoom, Teams, and Slack have facilitated remote collaboration, while online gaming and e-sports have gained unprecedented popularity in the realm of entertainment. Social apps such as TikTok and Instagram create virtual spaces for users to share curated moments from their real lives, contributing to the creation of digital personalities.

Digital twins, representing virtual counterparts of real-world objects or systems, are emerging across industries. These twins, built from data captured from their real-world counterparts, are increasingly used for various applications, including genomics, where the fundamental essence of life is translated into digital code for manipulation and reconstruction in the real world.

In 2024, the distinction between the real and virtual worlds is expected to diminish further. This trend signifies the increasing realism of the digital world and the enhanced flexibility and malleability of the real world.

Sustainable Technology:

?As the world grapples with the urgent need to address climate change, sustainable technology is set to take center stage in 2024. Countries, corporations, and individuals are working towards meeting net-zero commitments and minimizing their environmental impact. Sustainable technology encompasses environmentally friendly solutions, such as electric vehicles, bikes, and public transport, which continue to gain market share. Additionally, novel solutions like carbon capture and storage, green and renewable energy technologies, and the circular economy are gaining prominence.

The circular economy, emphasizing durability, recyclability, and reusability in product design, is becoming a crucial concept. The tech industry is embracing green cloud computing, where infrastructure and services prioritize energy consumption reduction. Sustainable apps, designed to facilitate eco-friendly living, are also part of this evolving landscape.

However, challenges persist, including the development of ethical and sustainable methods for material sourcing, infrastructure demands due to changing consumer habits, and potential disparities in access to green alternatives. The rise of greenwashing, superficial efforts for positive PR, underscores the need for genuine commitment to sustainability.

Cyber Resilience:

The escalating threat of cyberattacks poses a significant challenge for businesses, with research indicating that one in two has fallen victim to successful attacks in the past three years. The cost of these attacks is expected to surpass $10 trillion by the end of 2024. Cyber resilience, extending beyond cybersecurity, involves measures to recover and ensure continuity when defenses are breached.

Automation of cyber defense through AI and machine learning, integrated frameworks merging security measures with continuity protocols, and awareness of societal factors are crucial elements of a robust cyber resilience strategy. Remote working procedures are also recognized as essential for business continuity in the face of unforeseen circumstances.

The sophistication of cyber threats necessitates innovative solutions, and the integration of AI and ML in threat detection, along with the adoption of the zero-trust security model, is becoming increasingly prevalent. However, the emergence of quantum computing introduces a new dimension to cybersecurity, challenging existing encryption standards.

Quantum Computing:

Quantum computing, a subject of growing interest, is expected to transition to tangible benefits in 2024. Quantum computers leverage quantum physics principles, such as entanglement and superposition, enabling them to carry out vast calculations simultaneously using quantum bits (qubits) that exist in multiple states simultaneously.

Early investments in quantum technology come from sectors like finance, aiming to enhance the power of AI systems for purposes such as fraud detection and risk management. In 2024, quantum computing is anticipated to bring benefits to various compute-heavy fields, including drug discovery, genome sequencing, cryptography, meteorology, material science, and optimization of complex systems.

The intersection of cyber and quantum technologies is giving rise to a cyber arms race, necessitating the development of quantum-resistant algorithms to maintain data privacy and security. The issuance of post-quantum cryptography standards in the US in 2024 is a critical step in preparing organizations for the quantum transition.

Semiconductors:

Moore’s Law Evolving Semiconductors, crucial for digital transformation, are on the verge of a transformative era in 2024. Moore's Law, stating that computing power doubles every two years while costs halve, is evolving as chips reach 2nm, and transistors approach the size of a few atoms. Investments in R&D and cutting-edge fabrication facilities are challenging even the largest chipmakers.

The evolution of Moore's Law in 2024 is expected to involve breakthroughs in 3D chip stacking, innovations in material science, and new forms of lithography. These advancements will lead to more powerful connected objects, from smartphones and electric vehicles to data centers and telecoms. The semiconductor ecosystem will witness shifts in the form of new gigafactories, regulations, business models, and foundry services.

Batteries:

The Power of New Chemistry Advancements in battery technology is a focal point in 2024, driven by the need to improve performance and reduce costs. Electric mobility and long-duration energy storage are key considerations for businesses and governments, and several battery technologies are under exploration.

While lithium ferro-phosphate (LFP) and nickel manganese cobalt (NMC) batteries are standard for electric vehicle applications, new chemistries such as cobalt-free (sodium-ion) and solid-state batteries are gaining traction. Solid-state batteries, in particular, represent a major shift with higher energy densities, lower costs, and reduced dependency on specific materials.

In the context of climate change and the energy transition, these developments offer pathways for greater choices in the battery industry and more sustainable use of materials.

Space Tech:

2024 marks a renewed interest in space technologies as humanity prepares to return to the moon. The New Space Age is characterized by collaboration between government agencies and private actors, including startups and corporations. Technologies such as 5G, advanced satellite systems, big data, and quantum computing are supporting innovation in space tech.

In 2024, advancements in sustainable spacecraft propulsion and new Low Earth Orbit constellations for communications and quantum cryptography are anticipated. This return to space promises revolutions in computing, telecommunications, and earth observation, reminiscent of the transformative impact of the last Space Race.

The technological landscape in 2024 and beyond is characterized by a convergence of transformative trends that will redefine the way we live, work, and interact with the world. From the continued evolution of AI to the fusion of the real and digital worlds, advancements in sustainability, cybersecurity, quantum computing, semiconductors, batteries, and space technology, each trend brings unique challenges and opportunities. Looking ahead, technologies such as low-carbon hydrogen, carbon capture, and synthetic biology are positioned to address critical global challenges, offering pathways toward a more sustainable and technologically advanced future. As society navigates these technological shifts, it becomes increasingly important to strike a balance between innovation, ethical considerations, and environmental stewardship.

As we conclude this enlightening article on the Major Tech Developments to Look for in 2024, we are thrilled to announce the launch of our forthcoming video series, ABS Tech Insider. In this series, we will delve into many cutting-edge developments and advancements, presenting them in concise and engaging video formats. Stay tuned for insightful glimpses into the latest in technology through our dynamic video content. The future of tech is exciting, and ABS Tech Insider is your front-row seat to the innovations that will shape it.

By Editorial Team

Advent Biztech Solutions