We have already reached the half point of 2024 and it has been clear by now which trends are dominating this year. As we know, technology develops fast and nowadays we have tech applications that were not even thought of or imagined in the past. These advancements are here to stay, and they have one goal in common – that is – to make our lives more efficient and better in general.
If you were wondering what the top tech trends of 2024 are, you have landed on the right page. In this article we will explore the top 4 tech trends that are developing at the moment, and which are set to shape the future. Let’s go!
1. Artificial Intelligence and Machine Learning
There is no other way on how this list could have started rather than with artificial intelligence (AI) and machine learning (ML). These two technologies had bloomed in 2023 which aroused the interest of different industries to incorporate them in their areas of work as well.
Different industries are using AI and ML for one common main purpose. Their key aim is to automate processes so that they save resources and time, and to get insights from big data in visualized form which also has the same consequences. As a result of this incorporation, industries are reporting to have better customer experiences and streamlined operations.
Both those technologies come up with new developments very frequently and their territory is definitely expanding. For instance, one of the latest applications of AI and ML is on game testing tools which are increasingly being used.
2. 5G Connectivity
Another tech trend that became particularly famous last year and is continuing to thrive even now is 5G connectivity. In simple terms, 5G offers us faster and more efficient internet services which allow other technologies, such as smart cities or IoT devices to function properly.
5G is the heir of 4G who the heir of 3G was. Ever since 3G connectivity, internet speed has developed significantly. For example, 3G is functioning at a maximum of 7.2 Mbit/s per download, while 4G has a speed of 150 Mbit/s per download. 5G, on the contrary, has grown for 100 more than 4G when compared as its download speed is between 10 and 20 Gb/s.
4G had its first deployment in 2009, and thus, has been in use for almost 15 years. On the other hand, 5G was first deployed ten years after 4G, in 2019, with the first networks being launched in some parts of the United States and Europe.
3. Blockchain and Cryptocurrencies
Crypto and blockchain are a technology that has taken the world by storm. Crypto, particularly bitcoin, was first introduced and became famous in 2009 through a whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System which was written by a group of people under the pseudonym “Satoshi Nakamoto”. To this day, the exact authors of this paper are not known to the public.
That whitepaper is considered to be the first block of the blockchain that later came to be developed. Apart from bitcoin, another famous cryptocurrency that people have started to like is Ethereum. However, there are also multiple other cryptocurrencies that exist nowadays worldwide and that are accessible by the public globally.
The main reason people love crypto and why there is potential for this digital money to further advance in the future is the transparency and security it offers. Even though moving completely from traditional payment to crypto might be a bit of a challenge to happen overnight, the capability is definitely there, and people are starting to see it.
4. Augmented Reality and Virtual Reality
Augmented reality (AR) and virtual reality (VR) are two technologies that have grown the fastest in the past years. Although both of them have existed for quite some time now, they were primarily used and confined to gaming. In the past, we used to see many games being offered to be played through AR or VR. However, that is not the case anymore as their use and application has changed.
AR and VR are now present in many different industries, including but not only, education, healthcare and real estate. Their use in these industries is primarily to provide real-like situations and to offer training simulations.
The best thing about AR and AI is the possibility to use them in very interactive and engaging ways. Hence, other industries are also considering using them to their benefit and by next year AR and VR are expected to grow even bigger.
To conclude, in this day and age, there are a variety of technologies that are developing day by day. Nevertheless, artificial intelligence, machine learning, 5G, blockchain and crypto, and AR and VR remain on top of the list for 2024. We are excited to see what there is to come in the tech trends of this and upcoming years!
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