After an extremely turbulent 2022 in terms of technology investment and talent 2024 has seen a renewed surge in enthusiasm for technology’s capability to boost growth and address some of the world’s biggest challenges. While a majority of last year’s 14 technology trends are still in the top spot but generative AI has made an impressive entry into the debate thanks to its powerful and promising potential for transforming impact.
We’ve seen a rise in interest in emerging technology that is in its early stages but has the potential to boost productivity and accelerate growth. These include digital platforms, which are changing existing business models by offering new ways for people to exchange value and connect in exchange for value; the Internet of Things (IoT) which is creating an interconnected network of devices that can track and understand human behavior as well as cloud computing, that is revolutionizing how companies deploy and utilize applications.
Edge AI is another hot trend that allows AI/ML systems to process data and make decisions without transferring the information to the cloud. This allows autonomous vehicles to respond in a blink of an eye, and security cameras to analyze suspicious activity immediately.
Sustainable technology is growing in popularity, as people and businesses strive to reach net-zero goals. This includes the use of green energy, sustainable materials and processes, and using technologies to minimize or eliminate carbon emissions.