2024's Key Strategic Technology Trends

20.12.23 07:21 PM By Keplercode Team

2024's Key Strategic Technology Trends

Gartner has recently unveiled the top 10 vital technology trends of 2024 at the Gartner IT Symposium/Xpo designed to help organizations handle tech changes and uncertainties in the economic landscape.
Experts at Gartner believe that by 2026 over 80% of enterprises will have used GenAI APIs and models and/or deployed GenAI-enabled applications in production environments.
The widespread availability of AI has made it important to implement AI Trust, Risk, and Security Management (TRiSM).
The integration of AI-assisted software engineering enhances developer productivity.
The augmented-connected workforce (ACWF) is a strategy for optimizing the value derived from human workers.
With a foundation in AI-based services, intelligent applications give user experiences that can dynamically adjust.
By 2026, the expertsat Gartner estimate that organizations will prioritize their security investments based on a CTEM program.
The key goal of platform engineering is to boost productivity, improve user experiences, and expedite the delivery of business value.
Machine customers are nonhuman buyers who can independently bargain for and buy products and services.
Prediction by Gartner shows that by 2027, over 70% of enterprises will have adopted industry cloud platforms (ICPs) to expedite their business endeavors.
Sustainable technology is gaining popularity because people are worried about how energy use from new technologies affects our planet.

Gartner has recently unveiled the top 10 vital technology trends of 2024 at the Gartner IT Symposium/Xpo. These trends are designed to help organizations handle tech changes and uncertainties in the economic landscape.

IT leaders are encouraged to strategically invest in technologies that enhance resilience amid pressures. The swift growth of tech innovation, particularly in domains such as generative AI, brings both pros and cons. This calls for a structured plan for embracing the technology and controlling the risks.

Bart Willemsen, Vice President Analyst at Gartner, in a recent email interview with TechRepublic, said,

For the past few years and through 2023, the number of organizations that started to work with AI has exploded. This is not expected to slow down.

So, let’s take a look at the top strategic technology trends for 2024:

Democratizing Generative AI

Generative AI (GenAI) is becoming more common. This change happens due to the joining of very pretrained models, cloud computing, and solutions that anyone can use.

Experts at Gartner believe that by 2026 over 80% of enterprises will have used GenAI APIs and models and/or deployed GenAI-enabled applications in production environments. This jump is from under 5% in early 2023. This shift is making these advanced models open to workers around the world.

Usage of GenAI-based apps could open up countless sources of knowledge within and outside of businesses for their staff. This is why the rapid adoption of GenAI will significantly democratize knowledge and skills within organizations.

AI Trust, Risk, and Security Management

The widespread availability of AI has made it important to implement AI Trust, Risk, and Security Management (TRiSM). Without safeguards, AI models can create growing problems that spiral out of control. These negatives may outdo the good things AI provides. Therefore, AI Trust, Risk, and Security Management (TRiSM) is a critical framework for managing those risks.

Gartner predicts that by 2026, enterprises applying AI TRiSM controls will improve decision making by eliminating up to 80% of faulty and illegitimate information.

AI-Augmented Development

AI is no longer just a tool. It's now a collaborative partner in software development. The integration of AI-assisted software engineering enhances developer productivity. This means we can meet the high demand for business-critical software. Plus, AI takes care of boring, repeated coding tasks. These AI-infused development tools empower developers to focus on strategic endeavors such as building compelling business applications.

Gartner anticipates that by 2028, 75% of enterprise software engineers will use AI coding assistants, up from less than 10% in early 2023.

Augmented-Connected Workforce

The augmented-connected workforce (ACWF) is a strategy for optimizing the value derived from human workers. ACWF enhances the workforce's experience, well-being, and skill development through everyday context and guidance. Simultaneously, the ACWF drives business outcomes and positive impact for key stakeholders.

Through 2027, Gartner assumes that 25% of CIOs will utilize augmented-connected workforce initiatives, targeting a 50% reduction in time to competency for key roles.

Intelligent Applications

Intelligent applications are defined by Gartner as those with learned adaptation to respond appropriately and autonomously to better augment or automate work. These applications find usage in many use cases, enhancing or automating work. With a foundation in AI-based services, intelligent applications give user experiences that can dynamically adjust.

Gartner noted that 26% of CEOs in Gartner’s 2023 CEO and Senior Business Executive Survey cited the ongoing lack of skilled staff as the biggest risk to their business. Thus, it is believed that AI is the key technology to create a significant impact on their field in the coming three years.

Continuous Threat Exposure Management

Continuous Threat Exposure Management (CTEM) is a game changer in cybersecurity. It enables organizations to use a method that resolves issues automatically. CTEM goes beyond identifying vulnerabilities, also revealing threats that can't be mended, by aligning assessment and remediation scopes with threat vectors or business projects rather than specific infrastructure components.

By 2026, the experts at Gartner estimate that organizations prioritizing their security investments based on a CTEM program will realize a two-thirds reduction in breaches.

Platform Engineering

Platform engineering is about building and keeping up self-service internal development platforms, with each platform functioning as a unique layer designed by a dedicated product team. This task requires creating resilient, scalable, and adaptable platforms that have to serve varying technologies and services within an organization. The key goal of such platform engineering is to boost productivity, improve user experiences, and expedite the delivery of business value.

Machine Customers

Machine customers (also called 'custobots') are nonhuman buyers that can independently bargain for and buy products and services. Predictions by Gartner suggest that by 2028, there will be 15 billion connected products that could potentially act as customers. This number will likely get bigger in the subsequent years. By 2030, the rise of machine customers could lead to trillions in revenue. It's crucial to plan strategies that will explore opportunities to support and enable these algorithms and devices. It may even be considered to create new custobots.

Industry Cloud Platforms

Companies are looking for specific results from their cloud investments. Industry cloud platforms (ICPs) can offer these customized cloud services. ICPs use a mix of Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS) services. They provide total product solutions with options to modify. These come with an industry data fabric, packaged business capabilities, composition tools, and other innovative platform features.

A prediction by Gartner shows that by 2027, over 70% of enterprises will adopt industry cloud platforms (ICPs) to expedite their business endeavors, a significant increase from the less than 15% recorded in 2023.

Sustainable Technology

Sustainable technology includes a digital framework designed to facilitate environmental, social, and governance (ESG) outcomes, promoting long-term ecological balance and human rights, according to Gartner. It's gaining popularity because people are worried about how energy use by AI, cryptocurrency, the Internet of Things, and cloud computing affects our planet. It is vital to make sure that the utilization of these technologies becomes more efficient, circular, and environmentally sustainable.

Gartner predicts that by 2027, 25% of CIOs will see their personal compensation linked to their sustainable technology impact.

In conclusion, as we explore the tech world of 2024, the insights provided by Gartner help us understand the main tech trends guiding the business future. By wisely evaluating and embracing the right technological innovations, businesses can grab a competitive spot, ensuring significance and triumph in the dynamic landscape of 2024 and beyond.