After an unsettling 2022 in terms of technology investments and talent 2024 has seen a resurgence in enthusiasm for technology’s capability to catalyze growth and solve some of the world’s biggest challenges. While a majority of the 14 tech trends are still in the top ten Generative AI has made an impressive appearance in the spotlight with its enthralling and promising potential to have a transformative impact.
We’ve also seen a rise in interest in new technologies that are in their early stages, but have the potential to accelerate growth and improve productivity. Digital platforms have changed the way businesses operate by providing new ways to connect people and exchange value. The Internet of Things is also an important factor, since it creates an interconnected network of devices which can monitor human behaviour and understand it. Cloud computing is also significant, and is revolutionizing the way businesses implement and use their applications.
Edge AI is another hot trend due to its ability to allow AI/ML systems to analyze data and take action without having to send the data to the cloud. This allows autonomous vehicles to respond in a blink of an eye, as well as security cameras to monitor suspicious activities in real-time.
Finally sustainable technology is growing in popularity as both companies and individuals try to achieve net-zero goals and invest in technologies that can reduce the environmental footprint. This involves the use of green energy, sustainable processes and materials and utilizing technology to minimize or eliminate CO2 emissions.