As 2024 is approaching, the pace of innovation is escalating, and new technology advancements are accelerating at an unprecedented rate. As it is an ongoing process, the year promises an exciting ride through the ever-evolving technology landscape and changing business dynamic.
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Emerging technologies to watch in 2024
1. Artificial Intelligence (AI) & Generative AI
Generative AI, after being the explosive breakout tech trend of 2023, will continue to revolutionize numerous industries and aspects in 2024 and beyond. From personalized content, and audio to art, Generative AI is predicted to advance with more complex models. Soon, we can expect it to provide more value to specific industries and functions than those more general. According to McKinsey, high-tech and banking will benefit more from Generative AI to boost software development.
Generative AI is a big step forward, but the rise of multiple AI models such as Machine Learning and Deep Learning will further amplify AI’s adoption. AI has transformed various industries through its advantages, including enhanced efficiency, quick decision-making, improved customer experience, etc.
In essence, 2024 will continue to witness a significant leap in both Generative AI and the broader AI landscape, facilitating new business models and technological advancement to thrive.
By 2024, Quantum computing will have the potential to transform computing power and address sophisticated challenges at unexpected speed and scale. At its core, quantum computing takes advantage of quantum mechanics principles to perform massive calculations quicker than traditional computers, allowing for solving a variety of tasks such as optimization, simulation, and cryptography. It is expected that powerful quantum computers will be applied to various industries, including drug discovery, genome sequencing, cryptography, meteorology, etc.
2. Quantum Computing
When integrated with AI, quantum computing can seamlessly handle massive amounts of data at higher speed and accuracy, significantly ensuring robust transformative prowess for businesses. Fortune Business Insights indicates that the market size of quantum technology is projected to grow by 32.1% by 2030.
3. Blockchain
Blockchain has been significantly gaining ground in various industries, such as finance, healthcare, logistics, and beyond. By providing a secure, decentralized way that facilitates the process of recording transactions and storing assets, Blockchain has the potential to become even more prevalent in 2024.
With advancements in scalability, and security, Blockchain has allowed promising applications in the field of finance. In 2024, integrating with the Internet of Things (IoT) can further harness Blockchain’s power to provide a completely reliable and transparent platform for financial transactions.
4. Cloud and Edge Computing
By 2024, Cloud and Edge computing is expected to reshape technological landscapes. This is because Cloud computing has transformed how businesses store, access, and share data and applications. By leveraging the on-demand availability of computer system resources over the Internet, Cloud computing can accelerate business growth and facilitate business to streamline operations and maintain continuity during uncertain times. This newfound prowess also ensures a flexible and scalable infrastructure that can meet the evolving needs of businesses.
Confluent’s global survey of tech leaders reveals that more than 80% of organizations say that real-time data streams are crucial to developing responsive business processes and superior customer experiences. Therefore, Edge computing is on the rise. With the ability to bring computation and data storage closer to data sources, this ingenious technology has the potential to drastically reduce latency, and improve data processing and real-time operations.
5. Intelligent Automation
Intelligent Automation (IA), the combination of Robotic Process Automation (RPA) and AI, is poised to become an increasingly key technology in 2024, transforming and speeding up the endless processes of businesses. Leveraging the power of AI and RPA, Intelligent Automation enables businesses to automate more complex processes, further enhancing business decision-making, predictive analytics, speed, accuracy, efficiency, and agility. akaBot x IDC’s report reveals that by 2024, more than 90% of enterprises will adopt automation at various levels in various processes for improved process optimization and productivity.
The shift towards Intelligent Automation will be a strategic goal for organizations to achieve operational excellence and Hyperautomation in a digital-first world. Gartner predicts that by 2024, organizations will be able to cut down operational costs by 30% with Hyperautomation and redesigned processes.
With the robust advantages of Intelligent Automation, the rising adoption of the technology is foreseen.
Read more: Why Should Businesses Move to Intelligent Automation And Hyperautomation?
Keeping up with new technology trends with akaBot
In sum, embracing technology advancements could drive growth and success in 2024’s dynamic business landscape.
With the goal to provide customers with the most streamlined and optimal automation solutions, akaBot (FPT) has constantly upgraded its products and always closely followed the latest technology trends, including AI, Intelligent Document Processing (IDP), Intelligent Optical Character Recognition (OCR), and Machine Learning with its core technology of RPA.
Up to now, akaBot has had breakthroughs in the number of global customers when serving more than 3,500 businesses in 21 countries with more than 10,000 virtual robots deployed.
With constant efforts and speedy response to the latest technology waves, akaBot promises to bring a comprehensive and effective automation solution, helping businesses achieve new successes.
To quickly harness the power of cutting-edge technologies and unlock endless possibilities to reshape businesses, contact us today.
References
The Top Tech Trends in 2024 and How They Will Shape the Future
Navigating the Future: Top Technology Trends of 2024
The Top 5 Tech Trends In 2024 Everyone Must Be Ready For
10 Emerging Technologies to Watch in 2024
FIVE Tech Trends Unfolding in 2024
Technology Trends to Look Out for in 2023-24
12 Technological Trends That Are Marking 2024
akaBot (FPT) is the operation optimization solution for enterprises based on RPA (Robotic Process Automation) platform combined with Process Mining, OCR, Intelligent Document Processing, Machine Learning, Conversational AI, etc. Serving clients in 20+ countries, across 08 domains such as Banking & Finances, Retails, IT Services, Manufacturing, and Logistics…, akaBot is featured by Gartner Peer Insights, G2, and ranked as Top 6 Global RPA Platform by Software Reviews. akaBot also won the prestigious Stevie Award, The Asian Banker Award 2021, etc.
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