Advances in the world of technology continue to change every aspect of our lives. From simple computers to cloud servers, the evolution of technology has been rapid. Regardless of how or when this development occurs, it brings simplicity, efficiency, and effectiveness to the businesses and lives of those who use this technology. In 2024, the latest technology trends reflect the innovations still happening in the technology industry.
Since the development of existing technologies and the emergence of new ones can affect business efficiency and growth, companies must keep pace with them to remain competitive. In this article, I look at the major technology inclinations that will shape the future of the paperboard industry in 2024.
7 Latest Trends and Technology to Look Out for in 2024
From artificial intelligence and 5G to cleantech and edge computing, here are the latest technology trends that will shape 2024:
1. Artificial Intelligence (AI) Becomes More Accessible
Artificial intelligence will continue to top the list of technology trends in 2024 after becoming famous in 2023. An interesting aspect of AI that will be improved this year is the creation of AI. This type of AI can create new ideas and content, including images, stories, videos, stories, and music. In 2024, the creation of artificial intelligence will continue to contribute to the growth of healthcare, education, e-commerce, and the creative economy.
Open AI solutions such as OpenAI’s ChatGPT, Google’s Bard, Microsoft’s Bing chatbot, and Meta’s large language model will continue to make AI accessible to the public. These solutions eliminate the high costs associated with AI development. This will stimulate innovation from startups and independent developers and increase AI penetration by 2024.
2. Strong Focus on Sustainable Technology
Recent technology trends include a focus on sustainable technologies. As countries and businesses work to achieve net-zero commitments, technology investment will focus on solutions that reduce the environmental impact of technology.
Green innovations receiving widespread support include electric bicycles, cars, and public transport. Other innovations may include solutions to new environmental problems, such as carbon capture and storage and renewable energy technologies. By 2024, companies will adopt the concept of green cloud computing, where IT infrastructure and services will prioritize reducing carbon emissions and energy consumption.
3. Emphasis on AI Governance & Ethics
Key new technologies to watch in 2024 include AI discipline and governance. While AI brings unparalleled benefits and opportunities to companies, it comes with great responsibility. When it comes to the impact of AI on people’s lives, questions arise about its ethics, legality, data governance, and trust. As businesses advance using AI, they must be mindful of existing and new regulations to ensure compliance. By 2024, AI ethics and governance will be a priority for countries and businesses.
As AI technology develops, countries without AI regulation will seek to develop it, while countries with existing mechanisms will focus on enforcement. At the corporate level, enterprises will define their AI mission and principles and create governance structures that promote trust in AI technologies. They will also strengthen compliance with existing laws and guidelines, such as the General Data Protection Guideline, monitor future legislation, and develop risk mitigation policies.
4. 5G Technology Will Drive Extended Reality Adoption
Modern technologies, along with augmented reality (AR), virtual reality (VR), and mixed reality (MR) applications, are leading the evolution of augmented reality (ER). The availability of 5G technology will accelerate the adoption of ER by facilitating remote access to immersive training, simulation, and interaction.
With enhanced connectivity and ultra-fast speeds, 5G technology will make it easy for devices to share data, laying a strong foundation for a more connected and efficient society. In 2024, this technology will enable differentiation through augmented reality experiences as enterprises leverage seamless connectivity, ultra-low latency, and efficient resource allocation to optimize growth.
The combination of AR and VR and the metaverse has already revolutionized how people work and live. It transports users from the real world to the virtual one. Companies can use technology to create a virtual version of their natural world, where employees can seamlessly collaborate, transact, and conduct presentations or training.
5. Emergence of AI-Internet-of-Things (AIoT)
Among the latest technology trends for 2024 is the emergence of artificial intelligence in the Internet of Things (IoT). Increasingly, technology devices are designed to connect to Wi-Fi. This means that it can be connected to the Internet. The Internet of Things has made sharing data between devices, including home appliances, devices, and vehicles more accessible. For businesses, the Internet of Things promises efficiency, security, and better decision-making when using data.
However, current trends point to something more—a convergence of Internet of Things technologies and systems that practice artificial intelligence and machine learning to answer questions and make decisions. Projections show that by the end of the year, more than 200 billion devices will be connected to the Internet. Most of them will be smart and intelligent devices enhanced by artificial intelligence.
6. AI Integration Makes Devices Smarter
Technology has played a major role in making operations simpler and smarter. Apart from human simulation, technology makes life easier and hassle-free through smart devices. As artificial intelligence tools, home robots, wearables, and work devices are developed, data scientists will continue to make devices smarter. As more and more companies work to transform their digital environments, the demand for smart devices will increase in 2024.
7. Preference for Edge Computing Over Cloud Computing
Another important new technology trend expected in 2024 is the growing preference for edge computing. While cloud computing adoption continues to grow, companies are starting to realize their shortcomings as data volumes increase. Edge computing solves this problem by eliminating latency and moving data processing closer to where it is generated rather than sent to a central server. As enterprises look to process time-sensitive data remotely with limited connectivity, by 2024, we will see an alteration from cloud computing to edge computing.
Wrapping Up
New technology trends for 2024 show that the future of technology is truly exciting. The trend of increasing AI integration and access will continue across all sectors. New technologies will continue offering solutions to business and society’s problems. With a focus on green technology and responsible artificial intelligence, there is no doubt that these changes will create a sustainable, efficient, and connected future that benefits society as a whole.
