Tag: latest tech trends

Technology

Unveiling the Hottest Tech Trends of 2024 and Beyond

By Team #ARM Worldwide
December 5, 2023

The past 1-2 years have undeniably marked a significant shift in technology, solidifying the Metaverse's tangible presence in our surroundings. These are exceptionally intriguing times as we manoeuvre through a transitional phase, witnessing rapid technological advancements that are defining the ways of the future. It is having an impact on not just how we operate but also the entire current structure and methods. As 2024 approaches, it's amazing to reflect on the past while looking forward to an even more exciting future. As digital transformation takes off in the coming years, terms like automation, sustainability, quantum computing, immersive technology, and many more will continue to find application in day-to-day conversation. Here are some of the most prominent Tech trends developments that will continue to blur digital and physical borders in 2024 and beyond:

#1. Generative AI

A Gartner report predicts that by 2026, 80% of enterprises will be using some form of Generative Artificial Intelligence (Gen AI) within their organisations, a substantial surge from a mere 5% in 2023. Gen AI's versatility spans text, image, audio, and video models, redefining content creation and process automation across industries. In the imminent future, the spotlight will be on the use of audio and video-based generative AI applications, expanding beyond the existing focus on text and image platforms. Pioneering companies like Eleven Labs are already at the forefront, offering capabilities in audio-based generative AI, with an anticipated influx of similar offerings from other firms throughout the year. Moreover, companies are expected to release specialised generative AI models tailored to specific use cases, enhancing areas such as weather prediction and security products. Aside from delivering new and complex features, the accuracy of generative AI platforms is also set to improve significantly.

#2. Cybersecurity and Privacy

According to a Gartner report that surveyed over 2000 CIOs, greater focus would be placed on cybersecurity and privacy as the technological world grows more complicated. Of these CIOs, 66% said they want to boost cybersecurity expenditure. With cyber threats advancing in sophistication, the race to deploy innovative solutions, especially leveraging AI, intensifies. In the upcoming year, cyber resilience will emerge as a key trend. A pivotal aspect of this tech trend would be the involvement of AI and machine learning for enhanced threat detection. IoT security protocols are also set to advance with standardised measures and AI integration. Further, the expanding realm of remote work demands heightened security, and the emergence of quantum computing will present both challenges and opportunities. Combatting advanced phishing tactics calls for fortified authentication systems. One notable shift will be the paradigm shift towards a Zero Trust security model, signifying a comprehensive approach, prioritising continuous verification and minimal access.

#3. Eco Tech

2024 sees sustainable tech taking centre stage as nations and businesses push for net-zero goals. Individuals, too, adopt eco-friendly tech to reduce their environmental impact. From sustainable investment platforms revolutionising finance to eco-friendly packaging innovations in FMCG and targeted advertising promoting green products, the tech landscape will continue to align with environmental goals in 2024. Projected to skyrocket, the global green technology market, valued at $13.76 billion in 2022, is set to nearly quintuple, reaching close to $62 billion by 2030. The circular economy gains importance, emphasising durability and recyclability. Green cloud computing and sustainable apps join the movement, focusing on energy efficiency. Challenges include ethical material sourcing and addressing infrastructure demands. Gartner predicts that by 2027, 25% of CIOs will tie their compensation to sustainable tech impact, highlighting the urgency for a tech world that's both efficient and eco-conscious.

#4. Quantum Computing and Edge Computing

In computing, the year 2024 anticipates revolutionary advances in two crucial areas: Quantum computing and Edge computing.

Quantum Computing

Quantum computers, utilising principles of quantum mechanics, redefine computational possibilities. Quantum computers, which use quantum mechanics principles, redefine computational possibilities. Traditional computers function in binary states, whereas quantum computers use qubits, which can exist in several states at the same time. Quantum computing is expected to provide concrete improvements this year in disciplines such as drug research, genome sequencing, meteorology, and cryptography. Financial institutions are among the early adopters seeking to improve AI systems for applications such as fraud detection and risk management.

Edge Computing

Edge Computing, on the other hand, moves data processing closer to its source, departing from the traditional centralised cloud approach. This method, which is critical for low-latency applications such as IoT and AR/VR, enables real-time decision-making. By processing sensitive data locally, edge computing provides benefits such as greater privacy and security. This decentralised approach also improves efficiency, especially in applications such as financial transactions in the Fintech sector and data management for product distribution in the FMCG industry. As these computing paradigms gain momentum, they not only redefine the present but also promise a profound evolution, shaping the future of computational power in various sectors.

#5. Extended Reality

Extended Reality (XR), a fusion of Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality, is a dominant force that will shape the tech landscape in 2024. The market, currently at USD 105.58 billion, is gearing up for a colossal leap to USD 472.39 billion in five years, boasting an impressive CAGR of 34.94%. Beyond breaking the confines of traditional reality, XR immerses users in a realm without physical constraints. Imagine immersive advertising experiences where consumers can virtually interact with products, a surgeon practising a complex procedure, or an architect visualising a new building. Its impact spans industries from healthcare and retail to design and entertainment. This surge in XR signifies a catalyst for developing technologies that will further facilitate these immersive experiences, such as advanced haptic feedback systems, enhanced spatial computing, and AI-driven simulations. These innovations promise a tech landscape on the brink of revolutionary developments, elevating immersive experiences to unprecedented levels and signifying a paradigm shift in audience engagement and industry standards as well as technology.

Parting words

As we conclude this exploration into the technological landscape that has evolved over the years, it is intriguing to consider the journey from imagination to reality. The term "Metaverse," once confined to the pages of a 1992 science fiction novel, has transcended fiction, becoming an integral part of our contemporary reality. From Generative AI's diverse applications to the dynamic duo of Quantum and Edge Computing and the immersive potential of Extended Reality, technology keeps evolving. And thinking further about what's next in 2024 sparks curiosity. Tech's journey mirrors human evolution. We're not just bystanders; we're contributors to the ever-evolving story. So, let's step into the future with open minds, ready for the possibilities tech unfolds, one imaginative leap at a time.

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Tech Trends to Watch Closely in 2023

In this age of digitalisation, the world is shifting toward virtual experiences, creating more possibilities for user involvement. In 2023, new trends will emerge that will transform consumer experiences, daily advance tasks, forecast hazards, and — most importantly — improve customer security. These future tech trends will help your business…

By Shrishti Jain
January 13, 2023

Applied Observability

The applied use of observable data in a planned manner across business functions and operations helps drive better, faster, and more consistent business decisions. Furthermore, since observable data is catalogued, engineered and layered according to business perspective, it can thus result in both active and passive metadata that can help businesses in making valuable decisions. With applied observability, your organisation can increase its speed and optimise business performance in real time. Studies reveal that by 2026, 70% of organisations relying on applying observability will be able to achieve shorter latency for decision-making and will enjoy the benefits of competitive advantage.

Digital Immune System

Data breaches and other digital threats can raise serious concerns and hamper the growth of the business. A Digital Immune System offers virus protection advantages to businesses and makes the application more resilient. To enhance UX and positively impact the organisations' performance by offering protection against operational and security risks, the Digital Immune System (DIS) holds a combination of software design, development, observability, automation, operations, extreme testing, and analytical technologies. DIS provides corporate customers with intelligent tools that can help the system keep running without interruption during peak performance. As a result, organisations investing in Digital Immune Systems can decrease their downtime by 80% and increase their customer satisfaction.

Edge Computing

Edge computing is a computing paradigm bringing enterprise apps close to the data sources like IoT or local edge servers. It helps in processing data at a more incredible speed and enables greater action-led results. With edge computing and 5G, businesses can enable faster and more comprehensive data analysis, create insights, increase response times, and improve customer experiences. Utilising edge computing helps make the business functions more proactive and adaptive in real-time, thus ensuring optimised experiences for people. As a result, the edge computing trend is creating various job opportunities that benefit both businesses and the global economy. According to reports, by 2023, the global edge computing market is expected to reach $6.72 billion.

Super Apps

In this growing digital era, super apps have gained huge popularity since they offer mobile-first experiences that are powerful and easy to use. Super app users can create personalised User Experiences (UX) by selecting and installing their chosen mini-apps. These apps will eventually expand to support Internet of Things (IoT) technologies, chatbots, and immersive experiences like the metaverse. The super apps can help businesses to attain economies of scale, leverage and use the network effect of a larger user base and multiple mini-app teams. According to the predictions by Gartner, by 2027, more than 50% of the global population will be daily active users of multiple super apps.

Robots will Become More Human

Performing a repetitive task can be exhausting and time-consuming. Passing these tasks to bots that function like humans will free up agent time so that they can concentrate on more complex tasks. Automating business processes like interpreting applications, processing transactions, handling data, or even responding to emails through bots saves costs, increases profitability, and has a lower probability of error. Robots can work effectively in an environment that may be unsafe for humans, like in areas of high radiation or freezer warehouses. In the lights-out warehouses, robots can ensure increased productivity, efficiency, quality, and consistency of work. Consumer robotics is gaining huge popularity after tech incumbents like Amazon, Google, and Dyson have made notable moves. As per CB Insights' Industry Analyst Consensus, the consumer robots market is estimated to be worth $ 22B. These top tech trends offer encouraging possibilities both now and for the foreseeable future, despite the fact that technologies are unravelling and changing all around us. Staying on top of these cutting-edge latest tech trends of 2023 for business is no longer optional as digital transformation becomes an increasingly crucial component of success for organisations trying to compete in the global marketplace. Let's hope the ensuing innovation benefits businesses and individuals worldwide!

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