Change is constant in the universe, and adapting to it is essential for continuous development.

Current trends focus on building a digital mesh, with artificial intelligence driving various systems and creating a new digital reality. This involves connecting people, processes, and other elements in new and interesting ways. 

Evolving trends in technology make the world a better place to live, and this article provides top trending IT technologies in 2024 that will give companies a competitive advantage.

1. Artificial Intelligence

In 2024, AI will shift from algorithms to pragmatic AI, focusing on ethics, transparency, and bias removal. Large-scale predictive analytics and automation of business decisions will be key trends, with ethics evolving as machines make decisions for humans. Big data files will be transformed into insights, with companies like Google, Apple, and Microsoft leading the way in AI-based solutions.

2. Internet of Things (IoT)

IoT is among the top 10 emerging technologies in 2024, with 75 billion connected devices expected by the same year. Edge computing is a key trend, with AWS, Cisco, Microsoft, Dell, and HP leading the way. Other technologies include voice assistants, wearables, smart mirrors, self-driving cars, flying taxis, edge computing, flexible displays, 5G, sensor innovation, and smart home markets.

3. Blockchain

Blockchain is a distributed ledger technology used in finance, healthcare, and transactions. It is gaining popularity due to its ability to prevent fraud and share data across networks. Blockchain as a Service (BaaS) is a trend, while Stablecoins stabilize their value. Blockchain networks and interoperability are also growing, with federated blockchains being more suitable for specific use cases. Blockchain applications are expected to be led by finance and economy, IoT, AI, government agencies, and professionals.

4. Robotic Process Automation (RPA)

Robotic Process Automation (RPA) is a technology that automates jobs, including interpreting applications, processing transactions, and responding to emails.  RPA can automate repetitive tasks that individuals used to perform. But, Forrester Research estimates RPA automation will threaten the livelihoods of at least 300 million skilled workers roughly nine percent of the workforce in the world. RPA may create new jobs and change existing ones, with 60% partially automated.

5. Quantum Computing

Quantum computing, utilizing quantum phenomena like entanglement and superposition, is being used to prevent coronavirus spread and create vaccines. It’s also being used in finance, banking, and high-frequency trading to control credit risk and detect fraud. 

“Big brands like Splunk, Honeywell, Microsoft, AWS, and Google are advancing in this rapidly growing field, with revenues expected to exceed $2.5 billion by 2029.”

6. VR, AR & ER

Virtual Reality (VR), Augmented Reality (AR), and Extended Reality (ER) are expected to become major trends in technology in 2024. VR is an approach to completely immerse users in their surroundings, and AR helps to enhance the user’s experience. These technologies are used in entertainment, training, marketing, education, and rehabilitation. VR and AR technologies are gaining importance in organizations’ digital strategies due to improved network infrastructure and hardware and software advancements, reaching an inflection point in adoption and functionality.

7. Computing Power

The digital era’s success hinges on computing power, and data science experts predict the future evolution of the current infrastructure, leading to employment growth in sectors like data science, robotics, and IT management. The computing power market is expected to be dominated by IDC service providers, cloud service providers, and third-party leasing companies.

8. Digital Trust

Digital trust is crucial for innovation and a secure digital world. 

“One in two businesses has been targeted by a successful cyberattack in the past three years, with the cost expected to exceed $10 trillion by 2024.”

Cyber resilience involves recovery measures, continuity, remote working, AI and ML-automated defense, integrated security frameworks, and awareness of societal factors like social engineering attacks and PR firefighting. These elements are essential components of a comprehensive cyber resilience strategy.

9. Sustainable tech

The use of sustainable technologies is expected to become the biggest tech trend in 2024, with 25% of CIOs’ performance metrics linked to sustainability by 2027. 

“According to the survey conducted by Boston Consulting Group, Sustainability influences customers’ behavior and preferences, with 57% of respondents affecting brand awareness and 55% willing to pay more for environmentally friendly brands.” 

Government policies and increased awareness are accelerating this trend.

10. Edge Computing

In 2023, businesses adopted edge computing to overcome traditional cloud architecture challenges. Edge computing enables real-time responsiveness for emerging technologies like self-driving cars, smart factories, and augmented reality.

“TechHQ Research reports that over 50% of new enterprise IT infrastructure was deployed at the edge last year, with the trend expected to continue in 2024 and beyond.”

Conclusion

In 2024, the technological landscape is characterized by innovation, responsibility, and sustainability. Generative AI, IoT, and sustainability are key trends contributing to a future where technology drives positive change.

This is where you start

Businesses are actively shaping the future through collaboration with transformative entities like Devsquad, leveraging groundbreaking technologies and expertise to adapt to the constant promise of tomorrow. Contact Devsquad today for 360 solutions on website development, app development & digital marketing services.