The Top Five IT Trends to Look Out for in 2024

Hello IT enthusiasts,

The coming year is set to be an important period in the evolution of information technology. Artificial intelligence (AI), machine learning (ML) , and other technologies will transform dramatically, presenting us with new possibilities and challenges. These innovations can drive the tech industry faster and help your business grow, especially in the evolving age of artificial intelligence.

In today’s exclusive newsletter with AI TechPark, we will focus on the top 5 trends to look out for in 2024.

1. 3D Printing

Southeast Asia, particularly China, has emerged as a significant 3D printing technology manufacturer, with active experimentation and adoption in countries like Singapore, Thailand, and South Korea. China serves as a major catalyst for the Asia-Pacific 3D printing surge, boasting a $3 billion national additive manufacturing (AM) industry by 2020, particularly emphasizing metal 3D printing applications in automotive and aerospace.

3D printing technology is poised to remain a prominent trend in 2024, offering rapid prototyping and sustainable production capabilities.

South Korea, too, positions itself as a global 3D printing leader, prioritizing industrial applications and showcasing commitment through a government-led R&D roadmap with increased funding. The ASEAN region, led by Singapore, Thailand, and Malaysia, constitutes 80% of the additive manufacturing (AM) market by value, showing significant potential for value creation and job opportunities, especially in sectors like aerospace, marine, offshore, and medical technology.?

?2. Quantum Computing

Quantum computing (QC) has been making waves for a while now, and we believe that in 2024, there will be a transition to benefit major industries. QC is capable of carrying out and calculating large-scale data in a few steps with the help of elements of quantum physics, such as quantum entanglement and superposition.

Even in the financial sector today, quantum computing has become one of the best models for upscale investments and securities, which helps reduce risks and optimize large-scale data. This helps banks and financial organizations understand the movements and trends of the global financial economy.

In 2024, we expect that quantum coupling will be applied across industries that need heavy computing, like cryptography, meteorology, drug discovery, material science, and many more.

3. Phygital Convergence

We have been intertwined between the real and digital worlds; so, technologies like augmented reality (AR) , virtual reality (VR), and the immersive internet are breaking down walls between the digital domain and the physical world.

In the past few years, the prolific use of platforms like Zoom, Teams, and Slack has increased and helped business professionals and teams collaborate remotely and seamlessly at work. Also, the use of social apps like Instagram , Snap Inc. , and TikTok has taken a lion’s share in today’s Gen Z times, which has not only created a virtual space but also helped share fun moments from their real lives.

In 2024, we will witness the blurring between the real world and the virtual world as digitalization becomes more realistic.

4. Sustainable Technology

Sustainable technology is one of the top strategies that will trend in 2024 as well. According to Gartner , sustainable technology is a digital solution that optimizes costs and energy performance and also provides ESG (environmental, social, and governance) outcomes like wellness and traceability, ensuring responsible business practices.

One such example is smart energy management, which is connected to IOT devices to track, measure, control, measure, control, and optimize energy combustion throughout the building or office complex.

Sustainable technology incorporates both well-established and leading-edge technologies that are important for businesses and key stakeholders to make important decisions; these trends are cloud services (allowing companies to use limited space and share resources online), sustainability for AI (it can improve business operations, and optimize difficult processes to reduce carbon footprints), and ESG software (data related to discovery, collection, analysis, insight, and reporting tools).

5. Generative AI

In 2023, we witnessed how generative AI made it to the mainstream; however, in 2024, we will explore more of this powerful technology and see how useful it can be for society. Generative AI will be applied more to our daily lives, from office software to ease the pressure of monotonous work to communication tools to converse with foreign clients.

The best example of generative AI is in B2B companies that are looking for a change in the world of digitization. Generative AI produces personalized content, research, and strategies for the corporate marketing process, runs campaigns, and sells their products and services automatically without human intervention for their customers.

The ever-expanding application areas of generative AI have a promising future for those who are interested in mastering this technology; it offers unlimited opportunities like developing advanced generative models, innovative storytelling, extracting valuable data, and many more to shape the digital age.

IT trends in 2024 have the potential to reshape industries and our daily lives. The best way forward is to accept change, remain adaptable, and be excited to welcome future IT trends.

For more such excitement, join us in our newsletter, AI‐TechPark Techtopia. Until then, happy holidays!