In recent years, we have seen a technological renaissance. A period where digital innovations not only reshape industry and social structures but also change the very nature of human existence.
The pace of technological innovation continues to increase and 2024 promises to be a year of even more breakthroughs. The fourth industrial revolution (Industry 4.0) differs from previous industrial revolutions in the convergence and interaction of many technological trends at the same time. Accessing and adapting quickly to these new technology trends will help businesses position themselves for development and create competitive advantages in the future.
SSG ‘s article below is 10 technology trends that are poised to change the world and affect our lives in many different ways by 2024.
1. 5G technology
5G technology, the latest mobile generation, is being commercially deployed by many countries around the world. Data published in October 2023 by the Global Mobile Suppliers Association (GSA) shows that after more than 4 years since Korea deployed the world’s first commercial 5G network in April 2019, To date, there are 292 commercial 5G networks and 578 mobile operators investing in 5G networks globally.
Compared to the 4G, 3G and 2G network generations, 5G network technology trends bring users new experiences such as playing virtual reality games, exercising with virtual trainers, and visiting art museums. virtual… With an ideal maximum speed 100 times faster than 4G, 5G network is expected to provide the fastest online learning, shopping and working experience for users.
By 2024, 5G networks will become popular in many countries around the world, becoming a new mobile communication standard, providing extremely fast data speeds and extremely low latency. However, this technology trend does not stop there, research on next generation mobile technology (6G) will be strongly promoted by leading technology companies in the world, creating conditions for for the development and commercialization of advanced mobile generations after 5G.
2. Artificial intelligence (AI)
Artificial intelligence (AI) is not only a technology trend , but is also considered the most important technological innovation of our century. AI in general and technologies such as machine learning, deep learning, etc., and generative AI in particular are creating systems that can self-learn, adapt, and operate.
Combined with platforms, the data economy, and digital ecosystems, AI will revolutionize our understanding of customers, their preferences, and the manipulation methods to activate them. best customers and change their behavior to desired results. AI will enable every business to leverage its power to create smarter products and services.
In addition, AI will also be enhanced in nearly every business process across industries. For example, many retailers will use AI to manage and automate complex inventory management processes.
AI will also be the driving force behind the latest automated delivery initiatives that retailers are testing and rolling out, and more and more retail staff will need to get used to working with machines. hooks to do their job better.
Forecasts show that AI will continue to have a profound impact in 2024, from self-driving cars and healthcare diagnostics to personalized marketing and smart home systems. Machine learning and deep learning will drive advances in natural language processing, making AI more conversational and intuitive.
3. Virtual reality and augmented reality technology
Virtual Reality (VR) and Augmented Reality (AR) technologies are merging the physical and digital worlds. While VR enables immersive digital experiences, AR adds a digital component to our real world. From gaming and entertainment to education, virtual offices and virtual doctor visits, these technologies bring a new level of human interaction.
VR and AR technology will change the way we interact with digital content. In 2024, expect more immersive educational experiences, improved virtual conferences, and AR applications integrated into everyday life, enhancing navigation and information access
4. Sustainable technology trends
Sustainable technology trends are a general term for innovations that consider natural resources and promote economic and social development. Their goal is to reduce environmental and ecological risks, while creating sustainable products. These technologies can include AI, blockchain, cloud computing, extended reality (ER), robotic process automation (RPA), and many others.
The push for sustainability will lead to advances in renewable energy, environmentally friendly materials and energy-saving technologies. Businesses will adopt sustainable practices and consumers will favor environmentally friendly products and services.
Businesses can automate more business processes by going digital, using virtual robots (or real robots) for repetitive work, or using AI for data analysis and make decision. They also need to apply solutions that consume less resources such as energy-saving LED lighting, or use materials that comply with circular economy principles.
Sustainable technology has always featured prominently in strategic technology trends . In a recent survey by Gartner (USA), CEOs said that environmental and social change are now in the top three priorities of investors after profits and revenue. This requires CEOs to invest more in innovative solutions to address environmental, social and governance needs to meet sustainability goals.
5. Quantum computing (Quantum computing)
Quantum computing is a technology trend that is becoming popular and has an impact on many aspects of life. Quantum computing combines computer science, physics and mathematics to solve complex problems faster than classical computers. Quantum computers can solve certain types of problems millions of times faster than conventional computers using quantum mechanical effects such as superposition and quantum interference.
Quantum computing continues to develop, capable of solving problems that classical computers cannot solve. It has applications in cryptography, drug discovery and complex system optimization, impacting industries across the board.
Quantum computers use subatomic particles to create new ways of processing and storing information, and are capable of operating trillions of times faster than traditional processors. Big companies like Microsoft, Amazon and Google are investing a lot of resources in this field. The global quantum computing market is estimated to reach $10.13 billion in 2022 and is expected to surpass $125 billion by 2030, with an expected annual growth rate of 36.89% from 2022 to 2030.
However, quantum computing also carries some potential risks, such as rendering current encryption methods useless. So, the development of this technology needs to be watched carefully, especially since countries like the US, UK, China and Russia are investing in it.
6. Internet of Things (Iot)
The Internet of Things (IoT: Internet of Things) is a network of interconnected devices and sensors that communicate, collect and exchange data. Devices can connect via Wi-Fi, cellular networks, and can be smartphones, coffee makers, washing machines, headphones, and more.
IoT will connect everything, from people to devices, and create relationships between them. An IoT network can contain billions of connected objects and can track the movement of each object.
The impact of IoT is very diverse, from infrastructure management, healthcare, automation, traffic… In healthcare, IoT devices are used for remote health monitoring and emergency notification systems. The number of IoT devices worldwide is forecast to nearly triple from 9.7 billion in 2020 to more than 29 billion in 2030, with smartphones accounting for the majority.
Security, interoperability, and standardized protocols will facilitate seamless communication between devices. The global IoT technology market size is forecast to increase from 300.3 billion USD in 2021 to 650.5 billion USD in 2026.
7. Biotechnology and medical technology
Biotechnology is a high-tech field built on the theory of life with the combination of research processes and technical equipment to create high-quality biological products. These products will meet the needs and interests of people in the socio-economy and provide environmentally friendly products, while minimizing current environmental pollution.
Modern biotechnology is applied to deliver breakthrough treatment products and new technologies that solve everyday problems. In addition, products using biotechnology reduce their impact on the environment, use less energy and are cleaner. At the same time, this field of technology also helps industrial production processes become much safer and more efficient.
Meanwhile, medical technology (healthtech) has now achieved significant progress around the world. Countries apply different health technology solutions to address public health challenges.
Many medical technology innovations are starting to emerge to assist patients including options for telemedicine, online health insurance enrollment, etc. The worldwide medical technology market aims to reaching USD 13.12 billion by 2023, with the largest segment being medical devices expected to reach USD 10.89 billion.
Other benefits of health technology include helping the elderly, accessing online pharmacies and digital fitness programs, disease monitoring through pacemakers, using smart watches Smartphone to track health data.
It is predicted that in 2024, biotechnology will revolutionize health care with personalized medicine, advanced gene editing, and more effective disease detection and treatment. And medical technology will provide remote patient monitoring and telehealth solutions, making health care more accessible and effective.
8. Edge Computing – Edge computing
Edge computing is the process of bringing computing power and information storage closer to the devices that create that information and the users that use it. Typically, applications transmit data from smart devices such as sensors and smartphones to data centers for processing.
However, the unprecedented complexity and scale of the data has outstripped the network’s capabilities. By moving processing closer to users and devices, edge computing significantly improves application performance, reduces bandwidth requirements, and speeds up the delivery of real-time insights. real time.
Edge computing is expected to become mainstream in 2024, as the technology will help businesses collect and analyze their raw data more effectively. More than ever, organizations need instant access to their data to make informed decisions about operational efficiency and business functions. When used appropriately, edge computing has the potential to help organizations improve security and performance, automate processes, and improve user experience.
9. Blockchain
Blockchain technology is a digital set of transactions that are tracked and recorded in a decentralized network. Transactions, after being sent to the blockchain network, will be grouped into blocks and transactions in the same block are considered to have occurred at the same time. Transactions that have not been committed in a block are considered unconfirmed.
Blockchain consists of individual blocks of data, each block containing a record of information, linked together in chronological order, forming chains.
Chronological consistency makes chained data impossible to delete or modify without consensus from users, transactions, and operator nodes.
These links cannot be changed, which is what creates transparency and trust for information networks based on blockchain technology.
Blockchain technology is forecast to be widely applied in 2024, considered one of the breakthrough technologies, capable of changing the way of supply and bringing transparency and trust to industries. various industries especially in the financial sector.
The application trend of blockchain is increasingly evident globally, requiring countries to have appropriate strategic solutions to take advantage of development opportunities, while controlling associated risks. important to ensure system security.
10. Ethics in the digital age and security
It is impossible to deny the enormous benefits that technological advances bring. But along with that come many challenges that people must face. Issues related to ethics in the digital age and privacy have become the concern of people in many different fields and professions.
Amid growing concerns about data privacy and digital ethics, 2024 will see an increase in demand for technologies that prioritize user control and ethical data use . Consumers and regulators will push for stricter data protection and responsible AI practices.
In short, technology trends in 2024 promise to be a year of outstanding technological change. These top 10 technology trends will play a central role in reshaping our world. As we embrace these advances, it is important to keep in mind the ethical, security and sustainability implications that come with them.
While technology brings incredible opportunities, it also brings responsibilities, and it is our responsibility to ensure these innovations improve our lives and the world in a positive way.
