Emerging technology trends for 2024
Technology professionals have realized that their role will not stay the same in the contactless world of tomorrow.
Technology professionals in 2024 will constantly be learning, unlearning, and relearning as technology is evolving at a rapid pace, enabling faster change and progress and causing an acceleration of the rate of change.
What does this mean for you?
It means you should keep your eyes on the below technology trends and stay updated about the changes 2024 is going to bring to the world of technology:
Generative-AI: A cutting-edge technology, generative-AI, has revolutionized various industries. Machines have been enabled to complete tasks that resemble human-generated work. From text generation to image synthesis and even music composition, the technology encompasses a wide range of applications. Offering opportunities to shape how we interact and create content in the digital age, the ever-expanding applications of generative AI promise a bright future for those who master this technology.
Computing Power: With almost every device and appliance being computerized, computing power has already established its place in the digital era. Data science experts have predicted that the computing infrastructure we are building right now will only evolve for the better in the coming years. We have 5G already. So, gear up for an era of 6G with more power in our hands and devices surrounding us.
From data science to robotics and IT management, this field will power the largest percentage of employment in every country. The more computing our devices will need, the more opportunities there will be for technicians, IT teams, relationship managers, and the customer care economy.
Datafication: Simply transforming everything in our lives into devices or software powered by data is called datafication. Datafication, in short, is the modification of human chores and tasks into data-driven technology. From our smartphones, industrial machines, and office applications to AI-powered appliances and everything else, data is here to stay for longer than we can ever remember. So, it has become an in-demand specialization in our economy to keep our data stored correctly, securely, and safely.
Extended Reality: From virtual reality, augmented reality, mixed reality, and everything else in between, Extended Reality comprises all the technologies that simulate reality. As all of us are craving to break away from the so-called real boundaries of the world, extended reality has become a significant technology trend right now. This technology has become massively popular amongst gamers, medical specialists, retail, and modeling by creating a reality without any tangible presence.
Digital Trust: Confidence and trust have been built towards digital technologies as people have been accommodated and tangled with devices and technologies. Digital trust has become another vital trend, leading to more innovations. People believe that with digital trust, technology can create a secure, safe, and reliable digital world and help companies invent and innovate without worrying about securing the public’s confidence.
Genomics: It is a technology that can study and use your DNA to improve your health, helping you fight diseases and whatnot. Genomics is precisely a technology that peruses the make-up of genes, DNAs, their mapping, structure, etc. Quantifying your genes with this technology results in finding diseases or any possible problems that can later be a health issue.
Robotic Process Automation (RPA): Like AI and ML, another technology that automates jobs is RPA. Business processes such as interpreting applications, processing transactions, dealing with data, and even replying to emails are automated by the use of software. Repetitive tasks that people do on a daily basis are being automated by RPA.
Edge Computing: With major players like AWS (Amazon Web Services), Microsoft Azure, and Google Cloud Platform dominating the market, cloud computing, formerly a new technology, has become mainstream. As more and more businesses migrate to a cloud solution, the adoption of cloud computing is still growing. But cloud computing is no longer the same emerging technology trend as edge computing.
Data organizations have realized the shortcomings of cloud computing in some situations. As a way to bypass the latency caused by cloud computing and get data to a data center for processing, edge computing is designed to help solve some of those problems. It can exist “on the edge,” if you will, closer to where computing needs to happen. So, time-sensitive data in remote locations can be processed at a centralized location with the help of edge computing, even if there is limited or no connectivity.
Quantum Computing: A form of computing that takes advantage of quantum phenomena like superposition and quantum entanglement is quantum computing, the next remarkable technology trend. Thanks to its ability to easily query, monitor, analyze, and act on data, regardless of the source, this amazing technology trend was also involved in preventing the spread of the coronavirus and developing potential vaccines. To manage credit risk, for high-frequency trading, and fraud detection, another field is banking and finance, where quantum computing is finding applications.
Huge brands like Splunk, Honeywell, Microsoft, AWS, Google, and many others are now involved in making innovations in the field of quantum computing, as quantum computers are now a multitude of times faster than regular computers. By 2029, the revenues for the global quantum computing market are projected to surpass $2.5 billion.
Blockchain: Most people think of blockchain technology in relation to cryptocurrencies such as Bitcoin, but blockchain offers security that is useful in many other ways. Blockchain can simply be described as data you can only add to, not take away from, or change. What makes it so secure is not being able to change the previous blocks. In addition, no one entity can take control of the data as blockchains are consensus-driven.
Conclusion: As we approach 2024, evolving technologies look set to reach new heights. All these technology trends will make our lives more comfortable and bring revolutionary changes to the way we work. These trends have exciting possibilities, and it is interesting to see how they will drive digital transformation. All these trends will bring radical changes to the way we interact and communicate with our surroundings.
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