Predicting Technology Trends in 2024
Yes, we know, there is still time left before we enter the new decade.
Nevertheless, given the extent of technology and the speed of change each day brings, it’s reasonable to think that there is much to discuss before we enter the new year.
The third decade of the 21st century marks a checkpoint in terms of both technology and society. Social fluctuations, ruins and resurrections of economies, breakthroughs in psychological aspects of individuals were spurred into action by the ongoing Technological Revolution.
We learned to fly, went to the Moon years ago, but we haven’t still reached our peak. And the third decade is yet to show how far we can reach. Here is what we can expect in 2024 technology-wise.
Commercialization of Blockchain
Blockchain has been around the block for several years. And yet, somehow companies that are not deeply into tech-savvy operations are still not well-versed in this specific subject.
Due to technical issues, blockchain hasn’t yet caught on. Nevertheless, 2024 could be the year that changes everything. The major players in various fields started investing funds in 2019 into the blockchain, but we still need to be patient for the results of the large investments.
If they prove to be a smart decision, as an article in Forbes suggests, we are looking at a potential expansion of blockchain in the smaller player department. A more systematic approach and generalized access to technology are expected to reach a milestone in the next few years.
Furthermore, some proprietary blockchain-based cryptocurrencies might see the light of day as well, including Facebook’s highly anticipated Libra.
Extended Reality Bloom
Extended Reality (XR) is a term that encompasses a few modern technologies developed for the purposes of enabling more immersive digitalized experiences. To be more precise, this term includes virtual, augmented, and mixed reality.
The three concepts form a gradational evolution of user experience. From VR which allowed us to enter a computer-generated world via headsets to MR which gives us the never-seen-before opportunity to interact with the objects that were introduced with AR, your options were seemingly limitless.
The impact of these technologies is still hard to calculate. The introduction of VR made massive waves in the gaming sector, with numerous game and software companies latching onto the concept and merging it with existing creations. VR soon spread to all branches of gaming, reaching even the digital casino industry which welcomed it with open arms. Today, there’s a plethora of casino games and especially video slots, such as those found here, that are bolstered with VR to provide an authentic experience to the players.
In 2024, that will reach the next level. The gold mine of potential that all shapes of XR offer is not even hidden. As far as predictions go, the tech industry will make more room for XR in training and simulation operations, while customer interaction is expected to become one of the priorities.
Democratization of AI
Artificial Intelligence (AI) is a groundbreaking invention from the past two decades, but it is still a relatively new concept restricted to those with the deepest pockets. This technological evolution is still in its starting phase of usage.
Companies have started experimenting with AI in customer experience expansions and business operations. Nevertheless, no matter how much we are used to AI, AI-based systems are still unobtainable to many companies. So far, we have had Amazon, Microsoft, and Google to turn to for platform backup, but they provide a rather wide scope of services that need custom remodeling to fit the needs of individual companies.
Hopefully, with the dawn of a new decade, this will change. Experts at Gartner IT Symposium/XPO™ which took place this October hope that democratization of data and analytics, development,design, and knowledge will help make AI accessible to wider audiences – companies and individuals alike.
Transportation Autonomy
This concept refers to not only autonomous driving, but also drones and robots. Although we are still very far from autonomous driving, there is no doubt that next year will be able to hear even more about this technological evolution.
However, to enable vehicle and robot autonomy, 5G networks will be a compulsory criterion. 5G networks are expected to blossom in 2024. Companies are currently working very hard to create more affordable data plans and improve coverage.
