Routa Digital has curated a comprehensive list of the top tech trends everyone should prepare for. These trends offer valuable insights for startup founders, corporate executives, and investors, aiding them in understanding the potential impacts on their business decisions. Let’s explore the top emerging tech trends expected in 2024.
Trend 1: Industry A.I. Platform
According to Gartner, the A.I. industry is rapidly gaining momentum, with a remarkable 270% surge in A.I. adoption by enterprises in the last four years. A.I. is reshaping businesses across all sectors by enhancing customer service with chatbots to optimize cloud costs.
Here’s a glimpse into how A.I. is making a substantial impact:
Streamlining Cloud Costs: AI is instrumental in minimizing cloud expenses and devising efficient strategies for managing cloud applications. For example, companies like Airbnb are utilizing A.I. to optimize pricing on AWS, effectively managing capacity and identifying cost-saving opportunities.
Conversational A.I.’s Rise: The popularity of informal A.I. tools like chatbots and voice assistants is skyrocketing. These tools not only make technology more accessible but also provide substantial support to customers while reducing the workload on I.T. support staff.
Ensuring Uptime and Reliability: AI is pivotal in maintaining website uptime and reliability, especially for web service and e-commerce-centric companies. By continuously scanning systems and networks for potential disruptions, AI aids in identifying and addressing issues before they impact services. Major industry players like Netflix, Uber, and Facebook heavily rely on AI.
Enhancing Customer Service: AI has become a cornerstone in customer service operations, ensuring efficient customer support while lightening the load on service representatives and call centers.
Personalized Experiences: Thanks to AI, your favorite social media or streaming platform tailors your experience to suit your preferences to customized advertisements. A.I. facilitates delivering tailored content to users based on their unique interests.
Optimizing Hiring Processes: Companies like Amazon utilize A.I. to streamline hiring processes by automating resume screening, candidate matching, and initial assessments. This significantly reduces manual effort, expediting the hiring process and minimizing time-to-hire. A.I. can even conduct initial video interviews, simplifying candidate evaluation.
As AI continues to evolve, its application across various industries is expected to expand, driving efficiency, personalization, and innovation in business operations.
Trend 2: Sustainable Technology
Sustainable technology is one of Gartner’s top strategic technology trends for 2024. It is related to the environment, climate, and clean technologies. It is a framework of digital solutions that fosters ESG goals, promotes ecological harmony, and safeguards human rights over the long term. Technological innovations like AI, cryptocurrency, the Internet of Things (IoT), and cloud computing have sparked discussions concerning their energy consumption and ecological footprint.
Keeping up with this trend is crucial. According to Gartner, by 2027, the impact of sustainable technology will account for 25% of the chief information officer’s pay. Reducing ecological disaster risk to avert a $12 trillion opportunity, according to the Harvard Business Review.
Looking at the sustainable development goals, Nordics continues to top in sustainable practices when it comes to digital infrastructure & data centers. Nordic countries clinched top positions across four of MIT’s five pillars in the Green Future Index. Iceland’s ultimate leader takes the crown in carbon emissions reduction and energy transition. Finland secures first place for clean innovation, measuring aspects like green patent penetration and investments in cross-border clean energy and food technology. Denmark, significantly elevating its carbon emissions taxes, leads climate policy initiatives.
Trend 3: Platform Engineering
Looking at 2024 platform engineering is another top trend in 2024 and beyond.
According to Gartner, platform teams will be established as internal suppliers of reusable services, components, and tools for application delivery in about 80% of software engineering organizations by 2026.
Routa Digital has introduced ‘ROST- Routa Smart Tech’ to address the surging demand for platform engineering.
What is ROST?
ROST is an innovative solution to organize any state-of-the-art Infrastructure as a Code (IaC) platform. It is designed to harness the robust capabilities of AWS/Azure. It encapsulates an integrated CI/CD pipeline, ensuring seamless operations from development to deployment.
Routa Digital’s ROST implementation process seamlessly adapts to individual customer setups and requirements. The streamlined procedure encompasses:
AWS/Azure Subscription Setup: Tailored to accommodate existing AWS/Azure accounts.
Infrastructure Setup: Execution of IaC code facilitates the establishment of the entire infrastructure within 2 to 8 hours.
Code Deployment: Leveraging the integrated CI/CD pipeline streamlines code deployment.
Customization: Utilize and tailor the demo application to meet specific business needs.
If you want to know how further you can leverage the advantages of these smart platforms, our experts at Routa Digital can guide you.
Trend 4: Industry Cloud Platforms (ICPs)
Moving to the next trend, Industry Cloud Platforms is an upcoming rage. Gartner predicts by 2027, more than 70% of enterprises will adapt to Industry cloud platforms to accelerate their business initiatives. This projection is higher from 15% in 2023.
These ICPs curate industry-centric business outcomes by amalgamating underlying SaaS, PaaS, and IaaS services, culminating in a comprehensive product offering enriched with modular capabilities. This all-encompassing suite typically includes an industry data fabric, packaged business capabilities, composition tools, and other innovative platform features tailored to specific industry needs.
Trend 5: Accelerating Automation
2024 heralds a significant surge in industrial automation, propelled by the convergence of IoT, edge computing, AI, machine learning, and 5G/6G technologies. This era anticipates a landscape featuring predictive maintenance, real-time monitoring, interconnected shop floors, automated inventory control, and logistics optimization through real-time data analysis and AI-driven demand forecasting.
Routa Digital foresees impactful advancements in artificial intelligence, robotics, logistics optimization, transportation streamlining, and workflow automation. These innovations are set to reduce timelines and drive cost efficiencies. Furthermore, breakthroughs in supply chain management technologies, like paperless transportation documents, promise accelerated goods flow and reduced operational expenses.