The global technology industry is undergoing significant changes at high speed. The way we consume is constantly changing. Technologies such as Artificial Intelligence (AI), Machine Learning (ML) and the Internet of Things (IoT) are leading innovations and developments within existing technologies. New trends have emerged in a number of sectors, including the media, finance, health and education. What does the future have in store for us?
Top Tech Trends of 2024
1. Applied AI
Applied AI is a branch of artificial intelligence that practically implements AI models to perform various tasks. It has consistently received the highest score in innovation and investment over the past 4-5 years. This makes it one of the top technology trends of 2024.
Companies can use applied AI software such as research assistants, database management, chatbots, risk assessment for insurance policies and financial advice, process automation, behavioral analysis, projections, and others. The industries that will benefit most from applied AI are fintech, telecommunications, health, aerospace, defense, and agriculture.
2. Generative AI
Artificial intelligence is causing major disruptions in the world of technology. In addition to applied AI, generative AI is also transforming industries. This emerging technology generates content such as texts, videos, images, codes and audio. Unsurprisingly, the generative AI sector is expected to grow from 2023 to 2030.
The main processes that will soon be impacted by generative AI will be sales and marketing, research and development, client operations and software engineering.
3. Web3
The modern internet version hosts decentralized applications that work with blockchain technology. Emerging technologies such as Blockchain-as-a-Service (BaaS), tokenization and decentralization will offer several benefits to companies. In addition, companies will be able to access a real-time view of their supply chain processes. Furthermore, decentralization will mitigate security risks, as data will not be stored anywhere.
4. Rise of the Connected Workforce
The need to expand talent drives the Augmented Connected Workforce (ACWF) strategy, which aims to optimize the value brought by human workers. AWCF uses smart applications and workforce analytics to provide context and guidance that support workforce experience, well-being and skill development, while driving business outcomes and positive stakeholder impact. Also, actions around Machine Learning technology where the machine learning is expected to improve processes.
5. Resilience with Digital Immune System
Organizations in 2024 will prioritize resilience in software development with an emphasis on CloudOps, DevSecOps and AI/ML. This means that some of the software industry’s new applications seem to be leaning toward disaster recovery solutions, fault-tolerant architectures and continuous monitoring solutions in the coming year.
Experts also predict that business stakeholders will prioritize the development of what is called a "digital immune system." This concept underlines the importance of building systems that can withstand interruptions and continue to operate effectively. This is great news for developers and companies with experience in continuous monitoring tools.
6. Emphasis on cybersecurity and data security
With the emergence of powerful AI/ML and data analytics models, there is growing concern for cybersecurity, data security and privacy. The next generation of software development now emphasizes the need for trust in software development.
Thus, 2024 will make it imperative that software development projects instill handrails for compliant, ethical and safe end products. Priority will be given to features such as encryption, access control, intrusion detection and data protection.
7. Intelligent and Secure Platforms Engineering
To improve productivity, security awareness, and innovation capabilities, the software development industry needs to embrace more than DevOps, Kubernetes, and microservices architecture. In 2024, the development of platforms ranging from self-service in-house developer platforms to software lifecycle management platforms will be further encouraged.
This will ensure the elimination of redundant tools and improve security and compliance for cloud-native applications and AI/ML innovations. Experts suggest that next year will see increased demand for specific infrastructure feats such as code, container orchestration and security automation.
8. Cloud Computing
The reason why cloud is one of the most prominent trends in the software industry is that the transition to this form of computing has never been easier. Currently, all global companies are investing in this technology (with leading companies like Google, Amazon and Microsoft) and offering cloud computing to businesses and individuals. You can even get free credits during the first month to see if the Cloud infrastructure fits your needs well.
In 2023, cloud was adopted not only by startups and companies, but even by organizations and government institutions. Hospitals, security offices, legal authorities and even the Pentagon recognize the value of technology. It is possible that by the end of 2024 we will see a significant transition of companies and institutes to the cloud, and not only in Latin America, but around the world. Today the value is found in the data, and therefore you have to know how to store it.
9. Changes in Container Development
Docker has been one of the most popular container solutions for a while, with competition from Mesos, Swarm and Kubernetes. Now, Kubernetes will be used as an industry standard for container development, with more and more developers moving away from Docker as their preferred solution.
Software development disruptive trends present unique opportunities to optimize and evolve how companies operate and deliver value. If you’re ready to lead the transformation in your industry and harness the power of emerging technologies like AI, cloud and smart platforms, Serempre is your strategic ally.
