Dec 26th, 2023

Evolving Technologies for 2024

Author - Arun Subramanian
Dec 26th, 2023

Evolving Technologies for 2024

A new year brings with it new possibilities, and nowhere is that truer than in the world of tech. Technology feels as though it’s evolving at breakneck speed these days, with new innovations emerging seemingly every other month.

As we move into 2024, here are some of the emerging and expanding technologies to keep your eye on.

Artificial Intelligence

Artificial intelligence has been at the forefront of the collective conversation for a while now, and it isn’t going away anytime soon. Businesses are rushing to incorporate generative AI solutions into their offerings, and new AI integrations are arising all the time.

In 2024, we can expect to see AI become even more commonplace as the benefits of its natural language processing and problem-solving abilities are embraced. Expect to see major increases in the use of AI across cybersecurity, economics, and consumer products.

We should also expect the conversation about AI to turn increasingly toward alignment and ethical issues as scientists wrestle with precisely what this new technology means for humanity and the new intelligence we are creating.

Quantum Computing
Quantum Computing

While it is currently in nascent stages, it is expected that practical applications for quantum computing could emerge as soon as 2024. Computers with the ability to process huge amounts of data at incredible speed will quickly become available to business users, medical researchers, and cybersecurity professionals.

In 2024, we will need to prepare not only for the incredible benefits and advantages that quantum computing will bring but also for the threats. More investment in research and development will need to be made in both private and public sectors. At the same time, advanced study, and degrees in the area of quantum computing will become attractive options for college and graduate level students hoping to enter the technical workforce.

Blockchain

While technologies like Bitcoin and other blockchain-based financial solutions are no longer at the forefront of the conversation, there are many other applications for blockchain that will continue to impact the technical world in 2024 and beyond.

Blockchain has applications in supply chain management, fraud prevention, healthcare, music, and even voting systems. As we move into 2024, expect to see even more areas in which blockchain can successfully be implemented and scaled.

Energy Solutions
Energy Solutions

As climate change continues to pose an ever-looming threat and the world strives to be greener and cleaner, expect to see advances in renewable energy and other clean energy solutions. Innovative storage solutions like solid-state batteries will offer even higher energy densities and longer lifespans than even lithium-ion batteries.

Gravity-based storage systems, which provide sustainable, long-term storage options by storing gravitational potential energy, will become critical in the management of long-term renewable energy sources.