Technology continues to accelerate at a breakneck pace. 2024 looks set to be a landmark year.
One of the top tech trends to watch in 2024 is the proliferation of Green Tech. More companies will embrace environmental responsibility as well as ethical consumerism. They’ll also look to leverage new technologies that can bolster cybersecurity defenses.
Generative AI
Generative AI uses algorithms to create text, images, video, designs and synthetic data. This can help improve chat responses, solve complex design challenges and boost AI-powered virtual assistants.
Foundation models such as generative pretrained transformers that power chatbots like ChatGPT are becoming increasingly open source, expanding AI access to developers. This will enable businesses to reimagine interactions and creativity with AI.
Connected Cars
Smartphone technology has trickled down to cars, allowing drivers to use apps on the go. These include GPS with lower-latency networks, mobile geolocation utilities and mirroring of smartphones to control car features.
Cars are also able to communicate with each other and with infrastructure such as traffic signals. This improves safety, reduces congestion and enables new services like finding parking spaces.
Ambient Computing
Ambient computing is the use of smart devices to monitor and interact with a person’s environment without explicit user commands or intervention. It can be seen in fitness wearables that automatically change settings, thermostats that adjust based on the weather or even escalators that enter power-saving mode when no one is using them.
Many consumers are uneasy about this trend as it increases the amount of data that is collected on them. However, companies have begun to offer privacy options that limit the extent of ambient computing.
Artificial Intelligence (AI)
Artificial intelligence is moving from buzzword to essential business tool. New AI tools help with everything from customer service and lead generation to IT processes like software coding.
AI can be weak or strong. Weak AI is designed and trained for a specific task, such as speech recognition or Apple’s Siri.
Strong AI is more human-like and can think creatively. This includes the use of AI for natural disaster forecasting and risk assessment.
Virtual Reality (VR)
Virtual reality uses computer technology to simulate human senses and immerses users in simulated environments. It has become an increasingly important force in the tech landscape, offering significant benefits for education, commerce and more.
Gaming may be the first thing that comes to mind when thinking of VR, but it is just one application for this immersive tech. Architects use it to design buildings in 3D, and automotive engineers conduct meticulous virtual crash tests.
Augmented Reality (AR)
Wearable IoT technology, such as fitness trackers and smartwatches, will take off in 2024. These devices will be used to help individuals keep track of their health and connect with other people.
Augmented reality (AR) overlays digital information on real-world environments. It can be found in applications such as the automotive HUD that displays speed and directions over your car windshield or Ikea Place mobile app for envisioning furniture in a home before purchasing it.
The Internet of Things (IoT)
The IoT encompasses connected devices that communicate with each other and the outside world. This includes sensors that monitor changes in the environment, and automated systems that can respond to those changes.
Businesses can use IoT to improve efficiency and gain competitive advantage. This includes tracking and “ring-fencing” physical assets, as well as reducing operational costs with automated systems that track inventory levels and other data.
Wearable Technology
Wearable technology is a growing trend with many different applications. Consumer electronics like fitness trackers and smartwatches are popular, but it is also being used in healthcare, professional sports, and advanced textiles.
Wearable tech can help prevent diseases by monitoring symptoms and tracking health data. This is especially helpful for patients with chronic conditions, such as diabetes or heart disease. It can also help prevent accidents by detecting movement in dangerous situations.
Artificial Intelligence (AI) and Machine Learning (ML)
AI is transforming industries and people’s lives by improving decision-making, driving productivity, and increasing customer experiences. It is also being used for a variety of applications such as accelerated drug development, patient monitoring, and production machine maintenance.
ML is behind things like predictive text, language translation apps, and Netflix’s recommendations. It is also being used in cyber security to identify potential threats and provide faster response times.
Health Tech
Artificial intelligence is revolutionising the healthcare industry. AI-powered surgeons and virtual wards are no longer the stuff of sci-fi.
Integrated diagnostic platforms are merging blood tests, imaging scans, and genetic analysis to create more accurate diagnoses. This will also improve patient outcomes.
Age-defying companies are hacking the aging process to extend lifespans. Other advancements include regenerative medicine, with iPSC stem cell technology leading to a variety of promising applications.