10+ New Technology Trends for 2024

1. Artificial Intelligence (AI)

AI is one of the top emerging technologies in India, making foremost advances and getting infused in all types of technologies. From voice assistants to computer vision, natural language processing, and extra, AI is making gadgets smarter. In 2024, you can expect AI to become even more superior, powering technology from self-driving vehicles to clinical prognosis equipment. Key consciousness areas may be the automation of enterprise methods through robot procedure automation (RPA), smarter chatbots, and private assistants. (Source: LinkedIn)

2. 5G Networks

The rollout of 5G networks saw great momentum in 2023 with improved speeds, lower latency, and increased connection density. As per recent reports by Lightreading.com, 2024 will see expansion of 5G networks, allowing next-gen mobile experiences, especially for technologies like VR/AR, connected vehicles, automation, and advanced video analytics. This will unleash new applications and business models across sectors following future technology trends. However, more investment is still needed in 5G infrastructure and edge computing capabilities to fully realize the potential of 5G.

3. Edge Computing

Edge computing brings data processing closer to the location where it’s needed, saving time and bandwidth. By 2024, more companies will leverage edge computing to enable real-time data analysis for technologies like self-driving cars, industrial sensors, and IoT devices (Source: Linkedin). This is critical for latency-sensitive applications. However, edge computing deployments present security and management challenges that companies will need to address.

4. Cybersecurity Mesh

As more devices connect to the internet, cyber threats grow exponentially. Cybersecurity mesh allows distributed enterprise assets to be managed centrally using AI/ML. As per ET Edge, in 2024, people can expect wider adoption across industries like telecom, retail, and healthcare to enable real-time threat prevention. However, costs and complexity of implementation remain barriers, especially for smaller organizations with limited security budgets and expertise. More cloud-based cybersecurity mesh solutions could help address this in the future.

5. Blockchain

Blockchain establishes trust between parties without third-party verification. In 2024, blockchain has the potential to transform payments through cryptocurrencies as well as enhance transparency in supply chains, contracts, and certificates. Countries are also exploring central bank digital currencies (CBDCs) built on blockchain technology. 

However, mainstream blockchain adoption still faces regulatory uncertainty, concerns around energy consumption, and issues scaling to transaction volumes required for large-scale finance and banking applications. Gradual progress is expected rather than overnight transformation.

6. Immersive Experiences

As per LinkedIn, technologies like augmented reality (AR), virtual reality (VR), and mixed reality will become more advanced and affordable. Creating highly immersive simulated environments helps visualize products better, enhances remote collaboration, and aids training/recruitment. However, concerns persist around potential health impacts, content development costs, and user adoption at scale. More content and hardware advancements could help address these challenges in the coming years.

7. Connected Vehicles

The automotive sector will get disrupted by connected vehicles – which share data with their environment in real time. With high-speed 5G connectivity, vehicles can communicate with each other, traffic lights, maps, and other IoT ecosystem partners autonomously. This paves the way for innovations in safety, traffic management, in-car services, and more. However, automakers face obstacles around infrastructure readiness, technology standardization, and public acceptance that need resolution. 

8. Digital Twins

A digital twin mirrors the real-time status of a physical system in virtual space by assimilating data from multiple sources continuously. Using AI/ML simulation and analysis on the digital twin gives insights to improve decision-making. Digital twins will become vital for transportation, healthcare, smart cities, and manufacturing in 2024, as per LinkedIn. However, more intuitive software solutions and cost efficiencies are imperative for broader enterprise adoption of this promising but complex technology.