The Top 9 Technical and Business Trends in 2024

Trend 1: Generative A.I.

In 2024, I anticipate that generative artificial intelligence (A.I.) will emerge as one of the most captivating technological advancements. Expaio foresees A.I. contributing to 10 percent of all data by 2025, indicating significant growth in the year ahead.

Top public companies like Microsoft, Nvidia, IBM, and Google, along with Meta, Amazon, Alibaba, Baidu, ServiceNow, Intuit, Adobe, and Salesforce, have made significant strides in the field. Meanwhile, startups such as OpenAI, Hugging Face, Anthropic, and others are also leading the way in innovation.

Trend 2: Sustainable Technology

In 2024, sustainable technology will continue its rise, encompassing clean, green, and climate technology. It’s a top strategic trend driving digital solutions for environmental, social, and governance (ESG) outcomes.

Don’t overlook this Trend-Gartner predicts significant impacts on CIO compensation by 2027. The potential market value, as pet Harvard Business Review, is a staggering $12 trillion, focusing on critical sectors like recycling, electric vehicles, and green energy. Major corporations such as Google and Apple are already making significant strides in sustainability, with Unilever tripling its market cap by embracing carbon neutrality.

Additionally, startups, like Amp Robotics and Oxford PV are leading the charge in sustainable innovation.

Trend3: Cybersecurity

Cybersecurity remains a pressing concern, with research indicating that half of businesses have faced cyberattacks in recent years. Projected costs of cybercrime are estimated to reach $10.5 trillion by 2025. Expect more sophisticated cyber threats utilizing AI, prompting increased focus on defense solutions and regulatory measures. Top innovations in 2024 include automated threat management and blockchain security, with companies like CrowdStrike and Okta leading the charge alongside startups like Cyware and Lacework.

Trend 4: Quantum Computing

Quantum computing is poised to revolutionize large-scale computation in 2024, with applications in various fields like AI, cryptography, and drug discovery. The market is projected to grow exponentially, with companies like IBM and D-Wave Systems at the forefront of development alongside startups such as Q-CTRL and Pasqal.

Trend 5: Automation

Industrial and workplace automation will continue to advance in 2024, driven by AI and 5G/6G Technologies. Expect improvements in supply chain management, predictive maintenance, and workflow automation. Leading players like ABB and UiPath will continue innovating alongside companies like Salesforce and Cognizant.

Trend 6: Web 3.0 and the Metaverse

Web 3.0 will see increased adoption in 2024, particularly in the metaverse and virtual reality domains. Expect transformative advances in immersive experiences, blurring the lines between digital and physical realities.

Trend 7: Autonomous Vehicles

Autonomous vehicles will further transform transportation in 2024, advancing in sensor technology and machine learning. Mobility services will be a key application, with companies like Tesla and Waymo leading the way.

Trend 8: Biotechnology

Biotechnology will continue to advance in 2024, with developments in personalized medicine, gene editing, and synthetic biology. Startups like Strand Therapeutics and 23andMe are leading the way.

Trend 9: Human-Machine Interface

HMI will redefine human interaction with technology in 2024, with advancements in natural language processing and brain-computer interfaces. Keep an eye on these trends as they shape the future of business and technology.