Technology Trends

13 New Technology Trends in 2024

13 New Technology Trends in 2024

New technological advancements are arriving faster than ever, and there are many new technology trends 2023 has to offer.

There are plenty of new developments taking the tech world by storm right now.

From a business and personal perspective, tech is becoming more integrated with our everyday lives.

The evolution of technology has become so rapid that its capabilities can be shocking, to say the least.

In this article, you’ll get a comprehensive look at the most interesting tech trends you’ll come across this year.

New Technology Trends in 2024

Table of Contents

  1. Artificial Intelligence
  2. Computing Power
  3. Blockchain
  4. Metaverse
  5. Datafication
  6. Hyperautomation
  7. 3D Printing
  8. Cloud Platforms
  9. Sustainable Technology
  10. Extended Reality
  11. Genomics
  12. Digital Trust
  13. 5G

Although technology has been evolving at a steady pace for decades, it has seen a substantial uptick in the past few years.

Not only is this due to modern technological advancement, but Covid-19 really put it into full force.

There are numerous events that play into what seems like a domino effect of new technology.

Of course, we can expect technology to take some surprising turns in the coming years, but 2023 already has an impressive outlook on its own.

Companies, work environments, and our personal lives are all being affected. Some people feel technology is moving too fast for humanity to adapt, while others think this couldn’t be further from the truth.

Considering we’re only a few months into 2023, you can only imagine what’s to come for the rest of the year. One of the most relevant advances in technology is artificial intelligence.

However, this isn’t the only tech news that’s garnering plenty of attention on a global scale. Other aspects, such as 5G, IT, and cloud technology, are all making impressive strides in their respective fields.

To stay on top of this rapid evolution in tech, let’s break down 13 of this year’s most important tech trends.

1. Artificial Intelligence

Artificial Intelligence

This is a form of technology that’s quickly finding its way into numerous industries and personal interests.

Although AI isn’t brand new tech, its developments in recent years have been beyond surprising.

Nowadays, there are a vast number of AI-driven tools that you can use to make work, school, or personal tasks much easier.

Some examples of AI tech include:

  • Amazon Alexa
  • ChatGPT
  • Immersive Experiences
  • Cogito
  • Midjourney

From creating text, art, music, code, and more, it looks like artificial intelligence knows no bounds.

It’s estimated that the AI market will reach $190 billion by 2025, and there are going to be many new jobs that come from AI as well.

Around 9% of new jobs in the United States by 2025 will be caused by developments in machine learning (ML) and AI.

2. Computing Power

Those who are career focused on developments in the data science industry are hard at work on making strides in computing power.

This can be seen on a small to large scale, from our smartphones to our computing infrastructure as a whole.

5G is a topic that has had everyone talking for quite a few years, and 2023 will be a big year for it.

6G isn’t too far behind, and computing power makes up a good amount of tech jobs in the industry. IT management, data science, and robotics all play into advancements in computing power.

This is an industry that’s global, and it’ll need more hands on deck as computing power becomes increasingly important on a personal and professional level.

3. Blockchain

This is a term that most people have heard at least once, and many would consider it to be a buzzword in this day and age.

A majority of people immediately correlate blockchain technology to cryptocurrency investments, but that’s not its only application. 

Blockchain technology offers a newfound level of security that many people are interested in.

It can be applied to numerous technologies and use cases.

It’s also decentralized, meaning no one entity is in control. To explain further, transactions don’t require a third party for oversight or authorization.

Like many other technologies on this list, blockchain tech has created an entirely new wave of jobs. 

For example, blockchain developers are always needed nowadays.

They focus on developing and implementing architecture with the help of blockchain technology.

4. Metaverse

Many of us probably remember when the Metaverse was in its infancy, but this isn’t the case anymore.

Metaverse technology has quickly expanded in recent years, and it offers a digital world with numerous interests and benefits.

With a 3D virtual world experience, users can take advantage of technologies such as AR, MR, and VR.

All of these have the ability to create immersive experiences, and the possibilities are essentially endless.

Users can interact with others in a virtual environment and participate in games, creative projects and even conduct business.

There’s no shortage of jobs in this space either, and Metaverse technology will come with many new advancements within the next five years.

5. Datafication

Data isn’t a new conversation in the tech world, but its advancements definitely are.

The term datafication refers to the process of creating digital devices that are powered by data. 

One core aim of datafication is to simplify many of life’s labor-intensive processes.

This could be in work environments or everyday tasks we handle at home.

From another perspective, the way we manage data has changed quite a bit as well. Over the years, we’ve learned the risks that are associated with digital devices.

This has led to an increasing importance of data security. Although the process of datafication will only become more rapid, data-driven initiatives intend to make our lives easier in more ways than one.

6. Hyperautomation

Hyperautomation

Repetitive tasks are something humans have manually handled for generations.

With the rising relevance of technology in our everyday lives, experts have been finding a way to automate these tasks.

With the help of hyperautomation, activities that require manual input can be automated while improving performance and output at the same time.

ML, AI, and robotic process automation (RPA) are all a part of this process. There are many companies that have a heavy hand in the development of hyperautomation.

It’s expected that hyperautomation will become much more common in 2024 and 2025.

Some of the leaders in this space include the following companies:

  • Infosys
  • Appian
  • Wipro
  • McKinsey
  • And more
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Businesses of all sizes can benefit from implementing hyperautomation.

The technology can do wonders for mitigating mundane, repetitive tasks, and it’ll continue to increase in relevance as new developments emerge.

7. 3D Printing

3D printing is another technology that has offered an unbelievable amount of applications across a broad range of industries.

The technology can formulate prototypes on a small to large scale, whether it’s small-scale models or constructing 3D-printed houses.

A few important jobs regarding this technology include:

  • AI Engineer
  • 3D Printer Engineer
  • CX Program Manager
  • Robotics Trainer

This is a technology that’s being propelled forward on multiple fronts. From personal home setups to industry-specific use cases, 3D printing continues to amaze with its possibilities. 

8. Cloud Platforms

Cloud technology has become quite the norm across many industries on a global scale.

With the many downsides that come with physical servers, cloud platforms offer a more cost and time-efficient approach.

It can benefit everyday business operations, compliance processes, data analysis, and many other technical processes.

It’s estimated that over 50% of organizations will be utilizing cloud platforms for vital business initiatives.

As cloud adoption continues to rise, so does the importance of ensuring the security and compliance of these platforms.

One of the emerging trends in safeguarding these infrastructures is Cloud Security Posture Management (CSPM).

CSPM tools continuously monitor cloud configurations to ensure they align with security best practices, helping organizations prevent unintentional misconfigurations that could expose sensitive data.

By identifying and rectifying these vulnerabilities, CSPM plays a pivotal role in safeguarding cloud environments against potential breaches.

The significance of CSPM cannot be overstated. As businesses migrate more of their operations and data to the cloud, the complexity of managing and securing these environments grows.

Traditional security measures often fall short in the dynamic, scalable world of cloud computing.

CSPM addresses this by providing real-time visibility into the cloud infrastructure, ensuring that security policies are consistently applied across all cloud resources.

This proactive approach not only reduces the risk of data breaches but also ensures compliance with industry regulations and standards, making it an indispensable tool for modern cloud-centric businesses.

9. Sustainable Tech

Something that should be considered with all of this technological advancement is a sustainable approach that’s effective for the long term.

There’s no question that we will remain dependent on technology for the foreseeable future, and we need to make that future is sustainable.

Many people don’t consider the raw materials and labor that go into such advancements and that they need to be closely monitored.

Whether it’s raw materials to energy consumption, there are many experts that are shifting their focus toward sustainable technology. This can be seen in energy-efficient products, as well as supply chain transparency.

10. Extended Reality

This area focuses on a blend of technologies that simulate reality and deliver immersive experiences.

Extended reality includes everything pertaining to augmented, virtual, and mixed reality.

Even if the technology isn’t a brand-new concept, the experiences they deliver are becoming more impressive by the day.

The tech comes with many different use cases, such as education, entertainment, events, the corporate world, and more.

It’s another line of technology that has led to many new job openings to support future developments.

Some of these jobs include software development, extended reality architect, creative directors, and even professional gamers.

There’s a lot of room for growth at this pace. Although it has come a long way in just a few years, the use cases and interest in extended reality will continue to grow.

11. Genomics

No matter how advanced we may think we are as a species, we’re still in a constant search to understand more about our DNA.

Genomics is an industry that has generated a vast amount of interesting and important information.

The makeup of our DNAs, genes, their mapping, and structure are all a part of Genomics.

Not only does it help us understand who we are, but it can help us find out how to fight against serious illnesses and diseases.

From a career standpoint, it also comes with many non-technical and technical job titles.

A lot of these jobs are focused on diagnostics, designing, and analyzing, in addition to research and theoretical analysis.

Genomics is an industry that’ll always have a need for many different job titles and will continue to provide opportunities for career-driven individuals.

12. Digital Trust

As digital products and services continue to envelop nearly every facet of life, digital trust is more important than ever.

With the right technology, we can create a safe, secure, and reliable digital environment.

This is important for the security of people and businesses alike, and it will allow us to pursue future developments with fewer roadblocks.

Cybersecurity and ethical hacking are paramount when it comes to digital trust. Overall, finding jobs in the digital trust space comes with a very technical approach.

Security engineers, architects, analysts, and automation engineers are very important in this space. 

With the help of such experts, we can move forward with more security in digital technology. This is a significant concern among everyday people, as it can be challenging to keep up with new developments in technology. Digital trust is vital if we’re to remain safe among new technological advancements.

13. 5G

5G

Although 5G has caused a bit of controversy among the public, 5G comes with revolutionary advancements. It helps to support other technologies, such as AR and VR, as well as cloud-based services. You’ll also find 5G being used in areas such as traffic management, smart grid control, camera surveillance, factories, and more.

5G network subscriptions and applications are a core focus for companies such as Verizon, QualComm, Apple, and many other similar companies. Eventually, this will lead us to 6G, but 5G will offer years of advancements in its own right.

Network subscriptions for 5G are expected to reach 4.4 billion by 2028. It’ll quickly become the norm, and corporations and individuals will reap the benefits it has to offer. Some people may not be a fan of the implementation of 5G from an infrastructure perspective, but the technology benefits are clear as day.

The Bottom Line

These are just a handful of the tech advancements we can expect throughout 2023. However, it should be noted that they’re easily some of the most important regarding how we interact with everyday life.

Some of these technologies are moving quicker than others, but the benefits they offer are vast across the board. This article dove into new technology trends of 2023, each of which will continue to bring exciting news to the public.

Sources

MindMajixSimplilearn
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Written by Colin Tan
Colin Tan is a tech entrepreneur and business leader with extensive experience in the technology industry. He is the Co-Founder of several successful tech startups that provide innovative solutions to businesses. Colin has a passion for creating disruptive technologies that can transform industries and drive growth.