We are in the midst of a new industrial revolution driven by cutting-edge technological advancements. It is essential that we are alert to the emerging trends that will shape the digital future of any business. In this article, we’ll explore ten technological innovations that are expected to define the year 2024 and promise to have a significant economic impact:
1.- Artificial Intelligence and Machine Learning
A surprising fact that underscores the magnitude of this revolution is the projection of the consulting firm Gartner: by 2024, 60% of companies worldwide are expected to adopt Artificial Intelligence (AI) and Machine Learning (ML) in their operations. This impressive technological advancement is not only transforming the way we work, but it is also reshaping the way we interact with the world around us. We’ll explore in detail how these revolutionary technologies are shaping an exciting and capable business future. Powered by big data and algorithms, machines will automate processes, improve decisions, and even interact with customers. The World Bank estimates an increase in global productivity of up to 40% thanks to embedded AI.
2. Quantum Computing
One of the most exciting developments on the horizon is the arrival of the first commercial quantum computers, with IBM leading the way. These systems, slated to debut in 2024, are designed to deliver processing capabilities that will exceed current ones by quintillion times. This technological feat is set to revolutionize several sectors, including finance, logistics, materials science, artificial intelligence, and cryptography. The promise is so great that, according to PwC estimates, by 2050, quantum computing could inject €405 billion annually into the global economy. This technological breakthrough represents a turning point that redefines the way we approach complex and challenging problems, opening up a new world of opportunities and solutions.
3. 6G Connectivity
One of the most exciting developments is the arrival of 6G, the next generation of wireless connectivity. With data transfer speeds reaching 1 terabyte per second, ultra-low latencies, and exceptional power efficiency, 6G has the potential to power advanced virtual and augmented reality applications, smart cities, autonomous vehicles, and more. According to Accenture estimates, the economic impact of this technology is expected to reach a staggering €11.88 billion in global Gross Domestic Product (GDP) by 2035. Not only does this represent a transformation in the way we communicate and interact with the digital world, but it also promises a step-change in the global economy, driving innovation and competitiveness in various sectors.
4. Augmented and Virtual Reality
One of these disruptive trends is the mass adoption of technologies such as AR and VR headsets, which are poised to reinvent remote collaboration, e-commerce, education, and entertainment. With these tools, the way we work, shop, learn, and entertain ourselves will change drastically. According to Statista’s projections, by 2024 there are expected to be an impressive 2.4 billion virtual and augmented reality users worldwide. This marks a significant milestone in the adoption of these technologies, which are transforming the way we experience the digital and physical worlds together, opening up a range of exciting opportunities for businesses and users alike.
5. Internet of Things (IoT)
One of the most prominent trends is the expansion of the Internet of Things (IoT), which plans to connect approximately 14.7 billion devices by 2024, especially in the manufacturing, retail and healthcare sectors, according to data from Statista. This massive connectivity is revolutionizing the way companies operate, enabling process optimization, cost reduction, and the creation of new business models and personalized services. In addition, it is estimated that the IoT has the potential to contribute approximately €11.7 billion to the global economy in the next decade, according to a McKinsey report. This technology promises to open up a world of opportunities for companies willing to harness its transformative power.
6. Robotics
One of the most notable developments is the advancement in sensors and software that is giving rise to more versatile and collaborative industrial robots, a reality that is expected by the year 2024. These robots are transforming process automation in industries such as manufacturing, logistics, and retail. According to projections by the consulting firm ABI Research, it is expected that by 2030 more than 4 million collaborative robots will be installed in factories around the world, which could add an impressive 10,800 billion euros to the global economy. Not only will this technological advancement increase efficiency and productivity in industrial operations, but it also promises to change the way companies approach manufacturing and the supply chain.
7. Autonomous Vehicles
One of the most exciting developments is the imminent arrival of driverless vehicles on our streets by 2024. This technology has the potential to generate significant positive impacts, including increased productivity, reduced traffic accidents, and considerable fuel savings. In fact, DHL estimates that thanks to autonomous vehicles, we could see savings of up to €63 billion annually in logistics costs by 2025. This transformation in mobility will not only change the way we get around, but will also revolutionize the transportation and logistics industry, offering both economic and environmental benefits.
8. Blockchain
Beyond cryptocurrencies, blockchain technology is on its way to revolutionizing a wide range of processes in finance, supply chain, voting, intellectual property, and more. By 2024, €5.94 billion is expected to have been invested in blockchain solutions, according to Gartner. This massive investment highlights the growing confidence in this technology to transform various sectors. In addition, the annual impact of blockchain technology in 2030 is estimated to reach €2.79 billion, according to PwC. This decentralized revolution is opening up new opportunities for efficiency, security, and transparency across multiple industries, promising to change the way we do business and share information in the digital age.
9. Cloud Computing
The adoption of software and platform-as-a-service in the cloud will continue its unstoppable upward trend. By 2024, it is projected that more than 95% of companies globally will be using cloud services, resulting in information technology (IT) spending of approximately €1.17 billion, according to Gartner predictions. This skyrocketing growth in cloud adoption underscores the importance of this technology for modern businesses, offering flexibility, scalability and efficiency in managing computing resources, and redefining the way we work and collaborate in the digital age.
10. Cybersecurity
In a world increasingly threatened by cyberattacks, cybersecurity solutions have become essential. The cybersecurity market is projected to reach €310.5 billion by 2024, according to Mordor Intelligence. In this context, technologies such as artificial intelligence, blockchain and quantum computing are emerging as crucial pillars in the protection of data and systems. These advanced technologies promise to bolster cybersecurity in unprecedented ways, providing more robust and adaptive solutions to meet the growing threats in the digital world.
The timing is crucial, and we can’t overlook it. We must sharply analyze and strategically embrace these trends to drive value in our businesses and make the most of their immense potential for economic growth for society. The question is: Are we ready to ride this powerful technological wave into the future? The answer depends on our determination and willingness to embrace change. The technological revolution is underway, and the choice is clear: adapt and thrive, or be left behind. The future is in our hands; it’s time to take action.