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Technology Trends in IT for 2024

The year 2024 promises exciting technological transformations. Businesses and IT professionals need to stay informed about trends to remain competitive and innovative.

Let’s explore the key trends to watch:

 

AI Takes Center Stage

  • By 2025, Global 2000 (G2000) organizations are expected to allocate over 40% of their core IT spend to AI-related initiatives. This shift will lead to a double-digit increase in the rate of product and process innovations.
  • The emergence of AI as a groundbreaking inflection point will impact nearly every industry and application.

IT Industry and AI

  • The IT industry itself will feel the impact of the AI watershed more than any other sector. Every company is racing to introduce AI-enhanced products/services and assist customers with AI implementations.
  • Global spending on AI solutions is projected to surge to over $500 billion by 2027.

Sustainable Technology

  • Sustainability is a priority:
    • Eco-design : Creating products and services with reduced environmental impact.
    • Green energy: Leveraging renewable energy sources for data centers and infrastructure.

Democratized Generative AI

  • By 2026, generative AI will significantly alter 70% of the design and development effort for new web applications and mobile apps.
  • Organizations will harness the power of generative AI to create innovative solutions.

Machine Customers

  • The rise of AI-powered virtual agents and chatbots will lead to a chatbot in nearly everything.
  • Organizations will prioritize ethical AI options and open-source solutions.

These trends will shape the global business ecosystem over the next 12 to 24 months. Evaluating their impacts and benefits will help organizations thrive in a digital-first world.