Gartner, the renowned technology research and advisory firm, has recently unveiled its top 10 strategic technology trends for 2024. These trends are expected to shape the future of the tech industry and have a significant impact on businesses worldwide. In this blog post, we will explore these trends in a casual and informal manner.
First on the list is Democratised Generative AI. This trend refers to the accessibility of generative AI models to workers worldwide. Thanks to advancements in technology, such as cloud computing and open source, these models are now more accessible than ever. Gartner predicts that by 2026, over 80% of enterprises will have used GenAI APIs and models, democratizing knowledge and skills in the enterprise.
Next up is AI Trust, Risk and Security Management (TRiSM). With the democratization of AI, the need for effective management of AI trust, risk, and security has become crucial. Without proper controls, AI models can have negative effects that outweigh their benefits. Gartner predicts that enterprises that apply AI TRiSM controls will increase the accuracy of their decision-making by up to 80%.
Another trend is AI-augmented development, which involves using AI technologies to assist software engineers in designing, coding, and testing applications. This trend aims to improve developer productivity and meet the increasing demand for software. By leveraging AI-infused development tools, software engineers can focus on more strategic activities, such as designing compelling business applications.
Intelligent applications are also a key trend for 2024. These applications utilize AI-based services, such as machine learning, to deliver experiences that dynamically adapt to the user. The demand for intelligent applications is driven by the talent shortage in organizations and the need to attract and retain skilled workers. CEOs recognize AI as the technology that will significantly impact their industries in the next three years.
The augmented-connected workforce (ACWF) is another trend that aims to optimize the value derived from human workers. By using intelligent applications and workforce analytics, organizations can provide context and guidance to support the workforce’s experience, well-being, and skill development. CIOs are expected to use ACWF initiatives to reduce the time to competency for key roles by 50%.
Continuous threat exposure management (CTEM) is a pragmatic approach to evaluating and managing the accessibility, exposure, and exploitability of an organization’s digital and physical assets. By aligning CTEM assessment and remediation scopes with threat vectors or business projects, organizations can reduce vulnerabilities and breaches by two-thirds.
Machine customers, also known as ‘custobots,’ are nonhuman economic actors that can autonomously negotiate and purchase goods and services. Gartner predicts that by 2028, there will be 15 billion connected products with the potential to behave as customers, generating trillions of dollars in revenues.
Sustainable technology is a framework of digital solutions used to enable environmental, social, and governance (ESG) outcomes. The use of technologies like AI, cryptocurrency, IoT, and cloud computing raises concerns about energy consumption and environmental impacts. It is crucial to ensure that the use of IT becomes more efficient, circular, and sustainable. Gartner predicts that by 2027, 25% of CIOs will have their compensation linked to their sustainable technology impact.
Platform engineering focuses on building and operating self-service internal development platforms. These platforms aim to optimize productivity, user experience, and accelerate the delivery of business value. Lastly, industry cloud platforms (ICPs) are predicted to be widely adopted by enterprises. These platforms combine various services into a whole product offering tailored to specific industries and organizations’ needs.
In conclusion, these top 10 strategic technology trends for 2024 highlight the importance of AI, intelligent applications, workforce optimization, security management, and sustainable technology. As technology continues to evolve, businesses must adapt and embrace these trends to stay competitive in the ever-changing digital landscape.
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