Must-Know 5 Tech Trend Predictions in 2024
As the world spins into 2024, the tech landscape is poised for another year of innovations. There are 5 anticipated tech trends predicted to reshape this new year and might be impacting many factors of our lives.?
2023 has been an insightful year as there have been many technological breakthroughs. From AI to the 5G network, it affects both the tech and non-tech worlds. For instance, generative AI helps the automotive industry generate 3D models and simulations for new vehicle development, arguably helping in many more sectors and industries.?
As we welcome this new year, it is only natural that the expectation for further innovations keeps growing. Read more to find several predictions of tech trends that will shape 2024.
Anticipating the Top 5 Tech Trends in 2024
Based on 2023’s trend, it’s apparent that AI will also dominate tech development in 2024. However, there’s a lot more and they are not mere tech logical advancements, they represent a fundamental shift in how we interact with the world.
AI Trust, Risk, and Security Management (AI TRiSM)
Gartner emphasizes that AI TRisM is much needed to ensure AI system’s compliance, fairness, reliability, and data privacy protection. Moreover, with the increasing rate of AI integration in our daily lives, AI TRiSM is urgently needed to minimize any undesirable effects. Avivah Litan, Gartner’s VP Analyst, stated that organizations that don’t manage AI risks are more inclined to unfavorable outcomes. For instance, AI malperformance can lead to project failures or breaches.
By 2026, Gartner predicts that enterprises implementing AI TRiSM controls could increase decision-making accuracy by eliminating up to 80% of faulty and illegitimate information. This security management acts like a safety rail, preventing AI-generated negative consequences.
Augmented-Connected Workforce
The augmented-Connected Workforce concept means integrating the usage of augmented technologies in the working environments. This technology helps connect workers and improve operational efficiency, as highlighted by Splunk. Augmented technologies include augmented reality, the Internet of Things(IoT), exoskeletons, and computer vision.
Through 2027, Gartner also predicted that 25% of CIOs will leverage augmented-connected workforce initiatives to reduce time needed to achieve competency by 50%. This is driven by the need to accelerate and scale talents while optimizing the value of human workers.
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Sustainable Technology
When non-fungible tokens or NFTs became a trend last year, people were concerned about the amount of energy consumption in creating a single NFT transaction. For example, according to Digiconomist, a single NFT transaction on the Bitcoin platform produces almost 420 kilograms of CO2, the same amount as 69,779 hours of watching YouTube.
Beyond energy consumption, another concern is that most tech devices are built by non-renewable resources like metals. Consequently, there will be a growing focus on implementing sustainable technology solutions in the next year and beyond.?
Quantum Computing
Related to the previous point, quantum computing might be one of the promising directions to sustainable technology. Compared to conventional computers, quantum computers operate faster and use less power consumption. This technology will be useful in many business sectors like aviation, medicine, or forecasting.
However, the current development of quantum computing is still far from being commercialized. According to Plain Concepts, large tech companies like Microsoft, AWS, and Google are putting a lot of effort into developing this. It’s expected that their global market revenue will exceed 2.5 billion dollars by 2029.
Tech Layoffs 2024
Techopedia referred to Randstad RiseSmart’s Global Severance report, stating that 92% of organizations are bracing for further headcount reductions as 2024 approaches. This reduction is mainly caused by the rapid development of AI which starts erasing several roles that humans previously handled.
Nevertheless, it’s also important to note that AI still struggles with tasks that require human intuition. So investing in upskilling workers within the AI sector could be advantageous for organizations in 2024.
Final Thoughts
From AI to tech layoff, these tech predictions are not only impacting the tech world but also other sectors that work closely with technology. These forthcoming developments are expected to stimulate further innovations in 2024. It will fundamentally affect the decision-making strategies of CIOs across diverse sectors.
the concept of an Augmented-Connected Workforce and its potential to improve operational efficiency is intriguing