728 x 90

Gartner’s Game-Changing Tech Trends: Future of Innovation in 2024

Gartner’s Game-Changing Tech Trends: Future of Innovation in 2024

Gartner’s top 10 strategic technology trends for 2024 present both opportunities and challenges for businesses. It is essential for IT leaders to strategically plan and invest in technology to enhance resilience and ensure success amidst uncertainties and pressures.

Gartner, a leading research and advisory company, has recently unveiled its top 10 strategic technology trends for 2024. These trends include democratised generative AI, AI trust, risk and security management, AI-augmented development, intelligent applications, an augmented-connected workforce, continuous threat exposure management, machine customers, sustainable technology, platform engineering, and industry cloud platforms.

Bart Willemsen, VP Analyst at Gartner, emphasizes the need for effective strategic planning in the face of ever-evolving technology and socioeconomic uncertainties. He highlights that technology disruptions and uncertainties require bold and strategic actions to enhance resilience, rather than ad hoc responses. IT leaders have a unique opportunity to lay down a roadmap where technology investments can support their business’s success amidst these challenges.

Chris Howard, Distinguished VP Analyst and Chief of Research at Gartner, acknowledges the challenges presented by the accelerating rate of technological evolution. Evaluating the impacts and benefits of strategic technology trends is no small task, especially with the increasing rate of technological innovation. He emphasizes the importance of a comprehensive and methodical approach, particularly when adopting AI, which offers robust opportunities but also requires careful consideration.

One of the key trends highlighted by Gartner is the democratisation of generative AI. The forecast reveals that by 2026, over 80% of companies will have utilized Generative AI APIs and models, democratizing knowledge and skills throughout businesses. This will make vast sources of information readily available to users, empowering them to make informed decisions.

However, the AI revolution also brings challenges, making AI Trust, Risk and Security Management (TRiSM) vital. AI TRiSM offers tools for ModelOps, proactive data protection, AI-specific security, model monitoring, and risk controls. Enterprises that apply AI TRiSM controls are projected to enhance decision-making accuracy by eliminating up to 80% of faulty and illegitimate information by 2026.

The report also highlights the surge in intelligent applications, which can adapt autonomously to augment or automate work. This is crucial as global CEOs have identified talent shortage as the most detrimental risk facing their organizations. Intelligent applications can help organizations overcome the challenges posed by an evasive talent pool.

Moreover, the concept of the Augmented-Connected Workforce (ACWF) is emphasized. ACWF aims to optimize the value derived from workers through intelligent applications and analytics. The report predicts that 25% of CIOs will implement ACWF initiatives by 2027, cutting the time to competency by half for key roles.

Gartner also foresees a two-thirds reduction in breaches by 2026 through Continuous Threat Exposure Management (CTEM). This pragmatic approach evaluates the exposure of an organization’s digital and physical assets, helping organizations mitigate risks and enhance security.

Another trend highlighted by Gartner is the rise of “custobots” or machine customers. By 2030, custobots are expected to provide trillions in revenue, with 15 billion connected products behaving as customers by 2028. This evolution presents a significant revenue opportunity for businesses.

Sustainable technology is also a key focus, with Gartner predicting that it will impact 25% of CIOs’ personal compensation by 2027. This underlines the need for more efficient and sustainable IT practices, considering rising concerns over energy consumption.

Platform Engineering aims to streamline productivity, user experience, and the delivery of business value, while Industry Cloud Platforms (ICPs) are projected to be utilized by over 70% of enterprises to bolster their business objectives by 2027.

In conclusion, Gartner’s top 10 strategic technology trends for 2024 present both opportunities and challenges for businesses. IT leaders must strategically plan and invest in technology to enhance resilience and ensure success amidst uncertainties and pressures. The adoption and maturation of these trends will ultimately shape the digital landscape in the coming years, and organizations must navigate this innovative trajectory to remain competitive.

Avatar of Nayan Kumar
Nayan Kumar
CONTRIBUTOR
PROFILE