What does the digital landscape look like in 2024 and beyond?
With the New Year just around the corner, Informa Tech’s Applied Intelligence Group, Analysts and Editors from Omdia and AI Business have presented their insights and predictions in a report on the transformative tech trends that will shape the digital landscape in 2024 and beyond.
Did you know that a staggering 75% of enterprises state IoT is a key component to their sustainability initiatives? And that it’s estimated 25-50% of a doctor’s time is spent on administrative tasks?
In the Top 10 Digital Transformational Trends 2024 report, we’ll unveil the most interesting stats the analysts at Omdia are talking about, and the most anticipated and influential tech trends that are set to shape the landscape in the coming year from our Editorial experts at AI Business, IoT World Today and Enter Quantum. You can access the full report here.
In the meantime, here’s a teaser into the 10 key trends for 2024 by experts in the know…
More and more companies worldwide are realising just how important sustainability truly is. This is for reasons such as: customer appeal, employee attraction & retention and financial incentives.
“Omdia research shows that enterprises recognise the importance of technology in these efforts with a recent survey indicating 75% of enterprises stating that IoT was a key component to their sustainability initiatives. It is no surprise therefore that a growing number of AI and IoT technology vendors are responding and offering a range of products and services to enable customers to reach their sustainability goals.” - Josh Builta, Research Director, AI & IoT
Distributing AI, Reducing power
“What we’re seeing is AI moving from the network from the cloud, to the network edge, and from the network edge to the data edge” - Edward Wilfred, Senior Principal Analyst, IoT Hardware, Omdia: Power
It’s becoming apparent that we don’t need to bring the entire model with us at every step of the way. The result? It becomes more sustainable as a result and we leave less footprint. The report uncovers exactly what this could look like into 2024.
Satellite connectivity will create more resilient IoT deployments
2024 is going to be all about the right infrastructure being put into place for satellite IoT.
“I think we’ll be seeing satellite IoT coming into view. We will be seeing launches of new satellite IoT constellations.” - John Canali, Principal Analyst, Omdia, IoT, Service provider strategies and platforms
But which verticals is this likely to impact most?
The Transportation Revolution
It’s true… we’re on the edge of a revolution in transport. 2024 will continue to see things moving electronically and digitally, but next year there is going to be a huge focus on how things move in the air.
“We’re moving through electric flying vehicles, eVTOLs, electrical vertical take-off and landing vehicles, and they do not require runways. Those coming out in 2024 are called Ultralights, and they don’t require a pilot’s licence.” - Chuck Martin, Editorial Director, AI Business, Applied Intelligence: Transportation
“We’re seeing experimentation with error correction on quantum computers, plus an increase in qubits and a whole different variety of types of qubits.” - Berenice Baker, Editor, Enter Quantum
2024 is set to see quantum computing being explored in many new ways. Who will benefit? It’s thought that businesses with complex optimisation problems will really see results, particularly in the field of transport, manufacturing and pharmaceuticals.
Generative AI in Healthcare
The adoption of generative AI is set to shake the healthcare system in 2024 and beyond, with incredible potential for the industry, from the latest drug discovery to care and delivery.
“Some estimates suggest doctors spend 25-50% of their time on administrative tasks and what these Generative AI models can do is go through a lot of unstructured text and help to alleviate administrative burdens that’s facing the industry… This will free up time for doctors and other healthcare professionals to spend more time with patients rather than on administrative tasks.” - Andrew Brosnan, Generative AI
How will this widespread adoption work though?
The path to hyperscale IoT is creating a new world order
The trends in the IoT space next year look incredibly interesting. Enterprises continue to invest heavily in this technology, helped by the convergence of IoT with AI and Machine Learning.
However, “with the growth in cloud hyperscalers, we’ve seen a shrinking in the number of applications enablement platform providers as many of those application platform capabilities have been taken on by those hyperscalers.” - Andy Brown, IoT Practice Lead, Omdia : IoT Key Trends
“There is a lot of fear and uncertainty and doubt these days about artificial intelligence, especially the generative AI craze. We hear everything from killer robots to generative AI taking away our jobs… But AI is helping us to become more efficient, effective and maybe helping us to solve world problems.” - Natalia Modjeska, Research Director, Omdia, Applied Intelligence
From a recent survey of IT practitioners, our Omdia team discovered that almost 40% of organisations have implemented or plan to implement, generative AI. Whilst 50% are considering it or already piloting. With this vast implementation comes challenges of course. How this will look in 2024 is unknown.
Quantum Computing vs Classical Computing
“The key question for quantum computing is when (and if) it will deliver an advantage over classical computing… In 2024, QC vendors will introduce systems with more qubits, these qubits will be more resilient to noise and errors, and these systems will enable larger circuits (i.e., programs) to run.” - Sam Lucero, Chief Analyst, Quantum Computing, Omdia, Applied Intelligence
Although we are obviously years away from completely error-free quantum computers, it’s looking very likely that these more robust systems, which have improved error mitigation techniques, will start showing huge advantages over classical computers.
The Omdia Applied Intelligence team revealed more on what this might look like in the report.
AI Trends Forecast for 2024
It’s been over a year since ChatGPT was released. The world has massively changed as a result of this. It’s also the year that generative AI started to evolve, which we know still needs to mature. The risks are known and the big tech companies are racing to get these resolved.
“With this in mind, here are the trends predicted to emerge in 2024:
- Trend #1: AI models will be multimodal.
- Trend #2 Custom Language Models will take off.
- Trend #3: Reduced costs of generative AI
- Trend #4: AI coding tools will become a mainstay of developers.
- Trend #5: Global regulation to increase in pace.”
- Deborah Yoa, Editor, AI Business, Applied Intelligence
This is just a glimpse of some of the brilliant insights from our top researchers, strategists and analysts. Stay ahead of the curve and unveil the latest technology trends that await us in 2024 and beyond.
Download Now: Top 10 Digital Transformation Trends for 2024