Tech Horizons Expanded: Top Innovations Shaping Business and Lifestyle 2024

Welcome to our newest edition of the LinkedIn newsletter!

Ready to explore the most thrilling tech industry transformations of 2024?

This year, over 55% of businesses are expected to adopt AI. Mixed Reality is set to become a significant player in the AR/VR arena. IoT is poised to significantly expand its influence on our surroundings in the coming years.

Continue reading for insights that spark meaningful discussions and inspire you to use the opportunities offered.?

Tech Trends for 2024: Overview

We're just at the start of 2024, and already, it's shaping up to be a year buzzing with even more remarkable innovations. From AI democratization to the rise of eco-friendly solutions, the industry evolves at a breathtaking speed, presenting benefits you won't want to miss. Let's dive into the top 4 technologies and the transformations they bring this year.

AI and Machine Learning in Software Development and Beyond

Artificial Intelligence (AI) and Machine Learning (ML) are game-changers. Following McKinsey, over 55% of businesses had already adopted AI by mid-2023.?

Key global trends to expect from AI for 2024 include:

• ??? The emergence of stringent government regulations
• ?? The implementation of long-term strategies for AI-adopting
• ?? A broader range of AI use cases across industries

In 2024, major software vendors will work to eliminate concerns devs have regarding AI. Tech enthusiasts can expect increased opportunities for automating and optimizing routine tasks, with reduced data breaches and irrelevant information usage risks.

If you're at the beginning of AI implementation, remember that using Artificial Intelligence effectively in tech requires support from experienced virtual teams, such as Innovation Feel.

AR/VR Rapid Evolution is Coming?

The Augmented Reality (AR) and Virtual Reality (VR) industry started to undergo a democratization process last year. Meta and Apple were among the first companies to introduce smart glasses and headsets, marking the beginning of a new era in Mixed Reality (MR).

MR is going to impress business leaders with plenty of use cases in various domains, such as:?

• ?? Healthcare: MR can provide surgeons with real-time, 3D visualizations of the patient's anatomy during procedures.
• ?? Education: Tech skills, especially in engineering or mechanics, can be taught through MR simulations, providing hands-on experience without the risks of real-world training.
• ?? Manufacturing: Workers can receive real-time guidance on the equipment they assemble or repair.
• ?? Automotive: Car manufacturers can use MR to design and prototype new vehicle models, enabling a more interactive and cost-effective development process.

IoT Trends: Future Changes and Implications

The Internet of Things (IoT) continually integrates objects with connectivity, transforming how you interact with the environment. In 2024, the major topics in the news regarding IoT will likely include:

• ?? Enhancing IoT security
• ?? Advanced management of Big Data
• ?? Development of autonomous smart homes and city concepts
• ?? Innovations in supply chain management

IoT will become ubiquitous in the next few years, creating a comprehensive living ecosystem for convenience and monetization. For instance, NEOM, a smart city project in Saudi Arabia, is expected to house 450,000 residents by 2026.

Blockchain & Cryptocurrencies: What to Expect?

Faced with increasing cyberattacks and stringent government regulations, businesses are steadily integrating blockchain-based apps into their security and data management strategies. Global spending on blockchain solutions is expected to surge to $19 bln in 2024, compared to $6.6 bln in 2021.

Amid fluctuating economic conditions and potential shifts in the value of leading currencies, we will likely see a rise in cryptocurrency investors.?

Analysts anticipate a substantial growth in Bitcoin following the Bitcoin Halving, an event occurring every four years. Cathie Wood, CEO of Ark Invest, has projected that Bitcoin will reach $1.48 mln by 2030.

In the meantime, Binance has also spotlighted Ethereum, Solana, and Dogecoin as noteworthy investments for 2024, citing their considerable growth potential.

Engage with Innovation Feel!

We'd love to hear your thoughts on these trends. Which one excites you the most? How do you see these technologies impacting your work or business? Share your views in the comments, and let's keep the conversation going!