Previously, technologies were the answer to pressing problems in society; they seemed to catch up with the development of people. Now, tech trends in 2024 are ahead of the curve and people are already trying to keep up with their development. Those teams and companies that are at the forefront will be able to achieve their bold goals.
With AI development, one programmer can do as much as several people previously did. This is a show of force, but not the peak of technology’s power. 2024 is a continuation of technology’s dominance over human labor. We will work less but more efficiently and be responsible for the human part of the project. Let’s talk more about the key branches in the development of technologies in 2024.
#1 AI
The AI niche is divided into generative and applied. Generative AI works with content: text, photos, audio, etc. In the next 7 years, growth in this area is predicted to be 35% and this is not a very optimistic forecast. Applied AI uses AI models to work with a variety of problems. The largest investments have been made in this direction for 5 years now, which gives reason to believe that the trend will continue into 2024, and most likely beyond. Applied AI will be responsible for the creation of chatbots, and big data analytics, will take a large part in consulting, and will become a key tool in the insurance industry. Not many areas can refuse AI; most of them, willingly or not, accept this innovation.
#2 Sustainable Technology
A sustainable lifestyle has been the most discussed topic in recent years, except that it may be inferior to artificial intelligence. Businesses continue to strive to minimize emissions, reduce their carbon footprint, and combat global warming. This has become a whole new direction for the business, which is gaining momentum in all developed countries. This could include electric vehicles, carbon capture technologies, and a priority on green electricity. Businesses are committed to recycling, a closed-loop economy, and are actively investing in green cloud computing. Take any niche of an eco-friendly and sustainable lifestyle; this is a promising industry for development, and technology helps with this.
#3 Virtual world
It is no longer fashionable to joke about the digital virtual world. It gradually becomes real. AR, VR, and immersive internet technologies make their integration only a matter of time. Technologies for 360-degree views of apartments, virtual collaboration (Zoom, Teams), and VR games are pioneers in the industry, but they will not be limited to them. More and more technologies and areas of life will be digitized. For example, online faxing has now appeared with excellent virtual experiences, although the technology itself is old. You can get more info here and just make sure that no area is left behind. With the fax app, you can send faxes with the same efficiency and security as using a regular fax machine.
#4 Quantum Computing
Business dependence on big data and methods for processing it has been increasing for 10 years. Now it has reached an all-time high and there are no prerequisites for the trend to slow down. The peculiarity of the niche is that it cannot be quickly integrated into the business due to a shortage of qualified workers, but it is obvious that there is an increase in demand and a flow of specialists in this area. While many companies are striving to create hybrid solutions in which quantum technologies and classical computing work together. Until 2030, the market volume will increase by an average of 32%.
#5 RPA
RPA will become a real trend in 2024; we are already seeing how companies are increasingly leaning toward the robotization of production. The trend has persisted for several years now, but previously, achieving the goal required too much inversion. Gradually, robotic equipment becomes more accessible, and labor becomes more expensive. Capital will gradually flow into this area. Do you want numbers? RPA is projected to grow at a CAGR of 37.9% through 2032. Those companies that can implement hyper-automation technologies or digital twins earlier will be able to better manage risk, more accurately monitor efficiency, and increase productivity per square meter of production space.
Final Words
Technology influences us more than we influence it. Now this is the new reality. If a business can accept the new realities of the game, it will be able to make more informed decisions based on data, organize work processes more efficiently, and even become controlled by AI. Yes, some trends raise alarms regarding the use of human labor, but so far there is no direct threat. Now there will be many jobs that will work with these technologies.
