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Top 10 Strategic Technology Trends for 2024

The end of 2023 is nigh! Like its predecessors, 2023 had a good run with its share of highs and lows.

Looking back at 2023, it is the year of GPTs with ChatGPT riding the wave for most of the year.

I was wondering what would be the technology trends in 2024. We have all heard about the predictions of emerging trends like Artificial Intelligence (AI) and Machine Learning, the Internet of Things (IoT), Blockchain, Quantum Computing, Cybersecurity advancements, Edge Computing, 5G technology, Augmented Reality (AR), and Virtual Reality (VR), Hybrid Cloud solutions, and Sustainable IT practices.

What next? That was when I came across the article “Top 10 Strategic Technology Trends for 2024” in the Economic Times. It got me thinking from a whole different perspective. Before you read this article, we would like to give you a summary of what sort of strategic technology trends you can expect in 2024.



Trend #1: Democratized Generative AI: 

The merging of pre-trained models like LLMs, cloud computing, and open source has made these models available to everyone and anyone anywhere in the world.



Trend #2: AI trust, risk, and security management:

The democratization of AI models has become a problem since without restrictions they can generate data risks that have to be contained. This brings AI trust, risk, and Security Management (TRiSM) as an absolute need of the hour.



Trend #3: AI-Augmented Development:

GenAi and Machine Learning can now help software engineers in designing, coding, and testing applications improving their productivity. This in turn helps them spend more time on more strategic activities like designing and composition of business applications.



Trend #4: Intelligent Applications:

With the involvement of AI, the applications created are more intelligent delivering experiences that dynamically adapt to the user. The chatbots powered by LLMs will give you a better answer than the standard ones since they learn from previous answers as well as the knowledge provided to them.



Trend #5: Augmented-connected workforce: 

This is the strategy to optimize the value of human workers by providing intelligent applications and workforce analytics. 



Trend #6: Continuous Threat Exposure Management:

This approach prioritizes companies to secure their digital and physical assets continually and consistently.



Trend #7: Machine Customers:

This trend talks about the growth of connected applications/products that can have the potential to behave as customers and the growth trend is due to the advent of digital commerce.



Trend #8: Sustainable technology:

A Framework of digital solutions, including, AI, cryptocurrency, etc., will be used to enable Environmental, Social, and Governance (ESG) outcomes to provide sustainability.



Trend #9: Platform engineering:

This discipline helps in optimizing productivity, the user’s experience, and accelerating the delivery of business value.



Trend #10: Industry cloud platforms: 

More enterprises will start using industry cloud platforms to accelerate their business initiatives.



You can read more about this here.



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