Technology Trends 2024: 10 Opportunities for Corporate Innovation
Based on a Gartner recent report, here are 10 strategic technology trends for 2024, which present significant opportunities for corporate innovation teams to drive meaningful change within their organizations. In this blog post, we will explore these trends and discuss how they can be leveraged to create value and drive innovation.
1. AI as a Partner
AI Trust, Risk, and Security Management (AI TRiSM) is a crucial trend that focuses on managing the risks and security associated with AI. By 2026, enterprises that apply TRiSM controls to AI applications will increase the accuracy of their decision-making by eliminating 80% of faulty and illegitimate information.
2. Be Safe: Continuous Threat Exposure Management (CTEM)
CTEM is a pragmatic and systemic approach to continuously adjust cybersecurity optimization priorities. By 2026, organizations prioritizing their security investments based on a CTEM program will realize a two-thirds reduction in breaches.
3. Protect the Future: Sustainable Technology
Sustainable technology is a framework of digital solutions used to enable environmental, social, and governance (ESG) outcomes that support long-term ecological balance and human rights. By 2027, 25% of CIOs will have compensation linked to their sustainable technology impact.
4. Developer-Driven Self-Service: Platform Engineering
Platform engineering optimizes the developer experience and accelerates the delivery of business value. By 2026, 80% of software engineering organizations will establish platform teams as internal providers of reusable services, components, and tools for application delivery.
5. Accelerate Creation: AI-Augmented Development
AI-augmented development tools integrate with an engineer's development environment to produce application code, translate legacy code to modern languages, enable design-to-code transformation, and enhance application testing capabilities. By 2028, 75% of enterprise software engineers will use AI coding assistants.
6. Tailor Your Tailor's Work: Industry Cloud Platforms
Industry cloud platforms (ICPs) are tailored cloud proposals specific to your industry and can further be tailored to your individual organization's needs. By 2027, more than 50% of enterprises will use industry cloud platforms to accelerate their business initiatives.
7. Optimize Decision-Making: Intelligent Applications
Intelligent applications are consumer or business applications that are augmented with AI and various connected data from transactions and external sources. By 2026, 30% of new apps will use AI to drive personalized adaptive user interfaces.
8. Power AND Responsibility: Democratized Generative AI
Democratized generative AI allows developers to create AI models without specialized knowledge. By 2026, enterprises that apply TRiSM controls to AI applications will increase the accuracy of their decision-making by eliminating 80% of faulty and illegitimate information.
9. Push the Pioneers: Augmented Connected Workforce
Augmented connected workforce focuses on improving the productivity and efficiency of human workers by integrating AI and other technologies. By 2028, machine customers will render 20% of human-readable digital storefronts.
10. Buyers With Byte(s): Machine Customers
Machine customers are nonhuman economic actors who purchase goods and services in exchange for payment. By 2028, 15 billion connected products will exist with the potential to behave as customers, with billions more to follow in the coming years.
By embracing these technology trends and taking practical steps to implement them, corporate innovation teams can drive meaningful change within their organizations and stay ahead of the curve in the rapidly evolving world of technology.
The technology landscape is evolving at breakneck speed, and for those willing to embrace the change, immense opportunities lie in wait. In 2024, corporate innovators have a wealth of trends to harness, from AI-powered decision-making to sustainable tech that fosters both environmental and economic prosperity. By prioritizing AI trust, security, and continuous threat management, while nurturing developer self-service and AI-augmented creation, businesses can achieve unprecedented speed and efficiency. Tailored industry cloud platforms and intelligent applications powered by democratized AI will personalize user experiences and optimize decision-making like never before. The future belongs to the augmented connected workforce, where humans and machines collaborate seamlessly, while machine customers redefine economic interactions.
Embrace these trends, take practical steps toward implementation, and watch your organization unlock unprecedented value in the dynamic world of technology and corporate innovation.
