In this article, we'll cover 20 new tech trends for 2024. If you want to skip our detailed analysis, you can jump straight to 5 new technology trends for 2024.
The modern digital age
Technology has transformed the world into a digital space over the years. like mentioned By MacKenzie The year 2023 has seen a technological comeback. Generative AI is one of those new technological developments that has enabled this comeback. This emerging technology is based on applied artificial intelligence and machine learning and has the potential to impact many industries. You can also take a look at The largest generative artificial intelligence companies in the world.
In 2022, investments in technologies including applied AI, advanced connectivity, cloud and edge computing have declined since their maturity stage. Trust architectures and digital identity continue to be some of the growing trends in 2023. Emerging technologies such as quantum also depict strong potential for future value generation.
Amidst cutting-edge technological growth, tech talent plays an essential role in capturing value from modern technology trends. Job postings in technology-related fields rose 15% between 2021 and 2022. Nearly one million jobs were created by applied AI and next-generation software development between 2018 and 2022. However, the shortage of technical workers in high-tech areas such as artificial intelligence, quantum technologies, space technologies, electricity and renewable energy remains a limiting factor for growth.
Companies that integrate emerging technologies
Companies around the world are incorporating emerging technologies such as artificial intelligence to strive in a technology-driven era. Some of these reputable companies include International Business Machines Corporation (New York Stock Exchange:IBM), Amazon.com, Inc. (Nasdaq:Amzn), Microsoft Corporation (Nasdaq:MSFT).
International Business Machines Corporation (NYSE:IBM) is an American multinational technology company. The company specializes in computer hardware, middleware, and software. On December 13, International Business Machines Corporation (NYSE:IBM) mentioned Strategic collaboration with Dun & Bradstreet (NYSE:DNB). This partnership will use Dun & Bradstreet's Data Cloud and watsonx, IBM's next-generation AI and data platform, to scale the use of generative AI for enterprises. This will help companies achieve their business goals and enhance efficiency across their business divisions.
Amazon.com, Inc. (NASDAQ:AMZN) is a leading e-commerce platform known worldwide. On December 19, the company mentioned Ways you use generative AI to enhance customer experience. While generative AI helps sellers create comprehensive product listings, buyers can make more informed purchasing decisions. Amazon One, a convenient, contactless identity service provided by Amazon.com, Inc., helps… (NASDAQ:AMZN) enables customers to pay using their hands. The service was also developed using generative artificial intelligence. The review highlights products that help customers decide whether a product is right for them and is also powered by generative AI.
Microsoft Corporation (NASDAQ:MSFT) is another famous technology company based in the United States. On December 11, the company mentioned New partnership with the American Federation of Labor and Conference of Industrial Organizations (AFL-CIO). This coalition aims to educate labor leaders and workers about AI technology trends while incorporating labor perspectives into the development of AI technology. AI experts at Microsoft Corporation (NASDAQ:MSFT) will facilitate educational sessions to educate AI in the workforce. These courses will be held during the winter of 2024. This collaboration between a labor organization and a technology company like Microsoft Corporation (NASDAQ:MSFT) is the first of its kind.
You can also check out the most popular tech stocks among billionaires and the world's largest tech companies. Now that we've taken a look at the technology trends, let's move on to the 20 new technology trends for 2024.
20 new technology trends for 2024
Our methodology:
In order to compile a list of the 20 new technology trends for 2024, we used a consensus approach. We've prepared a comprehensive list of new technology trends for 2024 using multiple sources. These sources include Gartner, Deloitte, TechinDetail, Cisco, and Emeritus. Hence, we were able to formulate a list of all the trends that are set to strengthen in 2024. Going forward, we assign a score to all of these tech trends, as represented by the “Informed Monkey Score” in our list. This score is an average and is calculated by summing the respective ratings for the technology trend across each source and dividing the sum by the number of sources across which the technology trend appears. Since this score reflects how commonly a trend appears across our sources, a lower average score depicts a more common technology trend for 2024.
Finally, we ranked the 20 new technology trends for 2024 in descending order of their calculated average scores, using consensus.
By the way, Insider Monkey is an investment website that tracks the movements of corporate insiders and hedge funds. Using different consensus methods, we identify the top stock picks of more than 900 hedge funds that invest in US stocks. The consensus top 10 stocks from hedge funds outperformed the S&P 500 by more than 140 percentage points over the past 10 years (See details here). Whether you're a novice or professional investor looking for the best stocks to buy, you can benefit from the wisdom of hedge funds and company insiders.
20 new technology trends for 2024
20. Platform engineering
Insider Monkey Score: 9.0
Platform architecture improves the developer experience by providing self-service tools and services to software organizations. This caters to more complex modern software architectures. Hence, platform engineering is one of the 20 new technology trends for 2024.
19. Sustainable technology
Insider Monkey Score: 9.0
Sustainable technology is one of the new technology trends of 2024. Renewable energy technologies such as smart grids have recently played their role in confronting environmental issues. Environmentally friendly products were also preferred.
18. Independent devices
Insider Monkey Score: 8.0
Many autonomous devices, such as parcel delivery drones and self-driving cars, will be more common in 2024. This trend in particular is bound to transform the logistics and transportation industry by improving efficiency and reliability.
17. Biotechnology and genetic engineering
Insider Monkey Score: 8.0
Applications of biotechnology and genetic engineering are diverse and range from genetically modified crops to personalized medicine. Hence, this booming technological trend aims to improve human health and life in the future. Biotechnology and genetic engineering is ranked as one of the 20 new technology trends for 2024.
16. Machine agents
Insider Monkey Score: 7.0
Machine customers are named as one of 20 new technology trends for 2024. These non-humans who use data-driven insights to make purchasing decisions are considered reliable. Machine customers are expected to be part of many consumer and commercial purchases in the future.
15. Blockchain technology
Insider Monkey Score: 7.0
Another technology trend that has seen a rise is blockchain technology. Apart from being integrated by businesses to secure transactions, it is complemented by other technologies such as artificial intelligence and the Internet of Things (IoT). Therefore, blockchain technology is a new technology trend for 2024.
14. Manage ongoing exposure to threats
Insider Monkey Score: 6.0
Continuous threat exposure management is ranked as one of the 20 new technology trends for 2024. It is involved in proactive risk management that takes action to reduce security risks for organizations. Organizations that invest in this emerging technology trend are more likely to reduce their abuses.
13. Artificial intelligence and machine learning
Insider Monkey Score: 5.0
The 20 new technology trends for 2024 include artificial intelligence and machine learning as well. Both have contributed to automation in various industries. AI is expected to engage in more personalized interactions in the future.
12. Enhanced connected workforce
Insider Monkey Score: 5.0
An augmented connected workforce is one of the hottest new technology trends of 2024. This trend uses smart applications and workforce analytics to improve worker efficiency and productivity. This also promotes faster skill development among these workers.
11. API-based customization
Insider Monkey Score: 5.0
API-driven personalization is one of the 20 new technology trends for 2024. These APIs will increasingly integrate many pre-built AI tools in 2024. Organizations will customize AI solutions by using APIs from providers Different services. This technology trend leads to cost savings, improved user experience and seamless data exchange.
10. Data conversion
Insider Monkey Score: 4.0
Data transformation refers to converting various aspects of life into quantifiable data, and is ranked as one of the 20 new technology trends of 2024. It has helped companies use real-time data to improve their products and services. Hence, data transformation helps in making informed decisions for businesses.
9. Smart applications
Insider Monkey Score: 4.0
Smart apps are based on artificial intelligence and tend to improve customer experience. In the future, many applications will use artificial intelligence to create personalized and adaptive user interfaces. Hence, this technology trend is expected to grow strongly as one of the new technology trends of 2024.
8. Internet of Things
Insider Monkey Score: 4.0
The Internet of Things has emerged as a dominant technology trend across the world. The Internet of Things is used in businesses as well as in smart homes. Emerging IoT technologies include blockchain, 5G connectivity, IoT data analytics, and digital twins. The Internet of Things is ranked as one of the 20 new technology trends for 2024.
7. Quantum computing
Informed Monkey Points: 4.0
Quantum computing is expected to generate high economic value across industries such as automotive, finance, life sciences, and chemicals. It has also witnessed increasing investments. This technology is on track to transform fields like drug discovery and cryptography. Hence, quantum computing is one of the 20 new technology trends for 2024.
6. Virtual and augmented reality
Informed Monkey Points: 3.5
Virtual Reality and Augmented Reality deliver immersive experiences and are ranked as one of the top 20 new technology trends of 2024. These technologies will further transform the retail, real estate and education industries in the following year. It is also expected to become mainstream over the next few years.
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Disclosure: None. 20 new technology trends for 2024 Originally published on Insider Monkey.
