Recent years have seen a period of increased global unrest accompanied by pandemics, unemployment, geopolitical unrest, supply issues, blockades, etc.
Due to this harsh economic environment, it is an excellent moment to modify how we conduct business and a pivotal time to adopt new technological solutions that aid organizations in navigating these challenging times and utilizing them as a competitive advantage.
Listed below are the top 5 biggest technology trends in 2024 that will impact business in the coming time.
1. Applied Observability
The next step in pattern recognition is applied observability. To foresee and identify abnormalities and offer solutions, one must have the capacity to delve deeply into complicated systems and a stream of data. It keeps tabs on how complicated systems are functioning inside, collects and organizes incoming unstructured data, and then streamlines it to identify patterns and pinpoint problems. With real-time data being put into the system every second, this will all happen in a matter of seconds. It can monitor telemetry information such as logs, metrics, traces, and dependencies.
2. Advanced Artificial Intelligence
When it comes to facilitating corporate change, artificial intelligence (AI) has already been at the top of the leaderboard for the past few years. It will advance to a new level in 2024. Tech industry leaders have been able to experiment, research, and build upon AI for some time now. Let me introduce advanced artificial intelligence (AI), which will revolutionize machine learning, pattern recognition, and computing. It aims to fully automate processes without requiring any manual input. This will make it easier to replace human labor with AAI in high-risk occupations like those involving nuclear power plants, chemical laboratories, metal foundries, etc., where there is a greater risk to human life.
3. Metaverse and Web 3.0
In 2024, the entire consumer experience will transform thanks to Web 3.0 and the metaverse. in order to create a more interconnected, secure, and immersive virtual world where people and businesses can simulate real-life scenarios, such as virtual houses for a living, virtual roads, rails, cars, and trains for transportation, brand billboards on highways, and simulated travel experiences. AR/VR, AI/ML, IoT, and Blockchain will all work together to make this possible.
Brands can use the real estate built in the metaverse to sell themselves without having to go outside of their customers’ homes and prompt a purchase or an engagement.
4. Super Apps
Super apps, which let consumers use one app to govern most items in a business ecosystem, are the next step in application design and development. Gartner predicts that super apps will be used by more than half of the world’s population daily. These super apps might even include mini apps that serve as add-ons and offer advantages over and beyond the built-in features.
A super app can perform transactions on all systems by connecting to all systems and linking user accounts.
5. Digital Immune System
It integrates different AI and ML technologies to create an immune system that surrounds an ecosystem and operates flawlessly and consistently around the clock in order to maintain business continuity. To ensure that systems operate continuously to deliver uninterrupted services, the Digital Immune System will combine observability, AI-augmented testing, chaos engineering, site reliability engineering (SRE), and software supply chain security. The immune system will be prepared to handle any unexpected major failures and use such failures as lessons for future avoidance. Businesses that invest in digital immunity will see an 80% reduction in downtime, according to Gartner, which will result in higher customer satisfaction.