As the year 2023 draws to a close, technology experts are gearing up for a transformative 2024. In a recent interview with prominent figures in the tech industry, CogentIBS, a key player in technology solutions and a SAP partner, unveils the top 10 technology trends expected to shape the business landscape in the coming year.
Technology trends, and the ever-evolving pulse of innovation, shape the future of industries. They represent emerging developments and shifts in the technological landscape, influencing how businesses operate and individuals engage with the digital realm. As we delve into 2024’s top technology trends, anticipate groundbreaking advancements that will redefine the way we work, connect, and thrive in the tech-driven era. Stay informed and ride the wave of progress in this dynamic technological landscape. Let’s break down these trends in simple terms:
#10 AI Takes Center Stage – From Theory to Practice
In 2024, according to John Roese, Global CTO of Dell Technologies, Generative AI moves beyond theoretical discourse into practical applications, marking a significant industry shift. Roese anticipates the maturation of real-world, scaled GenAI projects, unveiling nuanced dimensions previously undiscovered. As this transition occurs, industry leaders will gain insights into the profound impact of Generative AI on diverse sectors, fostering innovation and efficiency. Stay tuned as the dialogue around AI transforms from speculation to tangible, transformative projects.
#9 Convergence of IT and Security Teams
Zeki Turedi, CTO Europe at CrowdStrike, envisions a pivotal merger of IT and security teams in response to emerging threats in 2024. This collaborative synergy, breaking down traditional silos, is driven by the intertwining objectives and operations of IT and security functions. As cyber threats evolve, this unified approach promises heightened organizational resilience through shared technologies and expertise. Witness a strategic alliance as IT and security teams join forces against sophisticated cyber challenges.
#8 Hyperscalers Drive Real-Time Ecosystem
Rodrigo Liang, CEO of SambaNova Systems, foresees a groundbreaking alliance between hyperscalers and AI models, revolutionizing the tech landscape. This collaboration promises real-time fine-tuning for Generative AI, ushering in substantial enhancements in speed, accuracy, and cost efficiency across diverse industries. Get ready for a transformative leap in AI capabilities through this dynamic synergy.
#7 Renewed Focus on Zero Trust Models
In the evolving hybrid work landscape, Chris Peake, CISO at Smartsheet, anticipates a resurgence of attention on zero-trust models. Organizations, adapting to new challenges, will enhance security with additional layers, integrating role-based access and time-based restrictions to safeguard sensitive information effectively. Prepare for a renewed commitment to cybersecurity in the dynamic realm of hybrid work environments.
#6 IT Spend Shifts to Business Outcomes
Linda Yao, COO and Head of Strategy at Lenovo Solutions & Services Group, envisions a transformative shift in 2024 as IT spending prioritizes business outcomes. Anticipate a demand for operational flexibility, predictable cash flows, and a strategic alignment of IT deployment with overarching business objectives. This evolution reflects a broader trend where businesses seek technology investments that directly contribute to their growth, modernizing IT infrastructure, and embracing next-gen technologies. Stay ahead by aligning IT strategies with tangible business impact.
#5 Quantum Progress, Not Quantum Leaps
Liz Centoni, EVP Chief Strategy Officer & GM at Cisco, emphasizes a measured approach to quantum advancements in 2024. Anticipate the adoption of post-quantum cryptography, even pre-standardization, fortifying data security against future quantum attacks. Furthermore, the rising significance of quantum networking promises scalable solutions, leveraging quantum phenomena for secure and efficient data transmission. Brace for a quantum era characterized by robust cybersecurity measures and innovative networking solutions
#4 Human Skills Essential for AI Uptake
Sashen Naidu, VP of CX Services at NTT Ltd, underscores the vital importance of human skills in the AI adoption landscape. Recognizing the irreplaceable role of human intervention, organizations are gearing up for reskilling and upskilling initiatives to effectively navigate the evolving technological terrain. In the era of AI, fostering a synergy between human expertise and automation is paramount, driving initiatives to bridge existing skills gaps and empower teams for a seamless integration of artificial intelligence. Stay prepared for a future where human ingenuity collaborates harmoniously with AI advancements
#3 Rise of Social Engineering Attacks
Zeki Turedi of CrowdStrike raises a red flag on the escalating threat of social engineering attacks in 2024. Identifying identity-based attacks as a persistent weapon for threat actors, he emphasizes the imperative for businesses to heighten employee awareness. Anticipate intensified educational efforts to empower employees in recognizing deceptive tactics, fortifying organizations against the rising tide of sophisticated social engineering threats. Brace for a renewed focus on identity protection as a critical defense strategy in the evolving cybersecurity landscape
#2 AI Advancements Drive Increased Energy Usage
Liz Centoni of Cisco sheds light on the energy implications of AI advancements in 2024. Acknowledging increased energy usage, companies are set to make strategic choices, favoring smaller AI models to mitigate consumption costs. Furthermore, the emergence of energy networking, integrating software-defined networking with direct-current microgrids, promises to enhance energy efficiency. Brace for a dynamic intersection of AI innovation and sustainable energy solutions in the evolving technological landscape.
#1 Focus on Creating Guardrails to Mitigate AI Risks
Art Hu, CIO at Lenovo, foresees a surge in companies acknowledging AI risks in 2024. To address this, businesses are set to embrace innovative approaches such as Retrieval Augmented Generation. Concurrently, a commitment to robust governance policies becomes pivotal, ensuring ethical and responsible AI deployment while fostering inclusivity. Witness a proactive stance as organizations navigate the evolving AI landscape with a focus on responsible and transparent practices
In summary, 2024 unfolds a dynamic technological landscape with practical AI applications, fortified cybersecurity, and a sustainability resurgence. Stay ahead with CogentIBS for insightful navigation through these transformative trends. Experience the cutting-edge expertise of the tech-savvy Cogent team. As trailblazers in the industry, the CogentIBS team brings a blend of innovation and expertise to decipher and harness the full potential of 2024’s transformative technology trends. Join the tech-savvy revolution with CogentIBS, your trusted guide in this ever-evolving digital era.