Top 4 Strategic Technology Trends for 2024
Global business environment in recent times showed significant instability such as supply chain disruptions, historically high inflation, geopolitical unrest, which caused numerous difficulties for corporate executives and entrepreneurs. Fortunately, multiple innovative technological solutions has been created to assist business leaders in settling their organization in this uncertain landscape.
To thrive in this uncertain landscape, staying ahead of the curve is key. Here’s a glimpse into the top tech trends we expect to see in 2024:
AI will penetrate into entire software development life cycle
Generative AI is a powerful technology allow computers create contents including image generating, music composing and even coding with the same quality with human. Software engineers who masters this technology could be offer opportunities to shape the future and build magical things in digital world. Below are 3 ways to sustainably integrate AI into your workflow.
Write and understand software code.
- Generative AI code generation tools like GitHub Copilot, Amazon CodeWhisperer and Google Codey are good choices for almost any enterprise seeking AI-enabled code generation tools.
Deploy generative AI as an app modernization tool.
- OpenAI’s ChatGPT chatbot can already translate software code between languages, providing a quick and easy automated way to transform and modernize software code.
- Gen-AI tools can support developers’ app modernization efforts, but we recommend limiting their use.
Leverage AI across the software testing life cycle.
- AI is revolutionizing software testing by enabling improved test efficiency and faster delivery cycle times.
- AI augmentation can provide benefits across five areas of software testing:
- Test planning and prioritization
- Test creation and maintenance
- Test data generation
- Visual testing
- Test and defect analysis
Cyber security will lead the information security industry
The global average cost of a data breach rose steadily and reached USD 4.45 million in 2023, representing a 15% increase over 3 years. Cyber security is established to safeguard business data and prevent all potential threats.
Managed security services (30%), network security (22%), mobile security (9%), and web and email security (8%) are projected to see the highest levels of cyber investment. As long as we have hackers, cybersecurity will remain a trending technology because it will constantly evolve to defend against those hackers.
Recently, Gartner has introduce 5 steps to confront external and SaaS threats including: Scoping, Discovery, Prioritization, Validation and Mobilization.
- Step No. 1: Scoping
Start by scoping your organization’s “attack surface” — vulnerable entry points and assets — which extends beyond the focus of typical vulnerability management programs
- Step No. 2: Develop a discovery process
Identify visible and hidden assets, vulnerabilities, misconfiguration and other risks.
- Step No. 3: Prioritize
Prioritization should factor in:
-
- Urgency
- Security
- Availability of compensating controls
- Tolerance for residual attack surface
- Level of risk posed to the organization
- Step No. 4: Validate
Identify if the current response plan is fast and substantial enough to protect the business.
- Step No. 5: Mobilize
Make sure all documents are well-organized and well-understood by all team members.
Sustainable technology to enable ESG outcomes
Sustainable technology is a framework of digital transformation process that inspires businesses to protect environment, engage in social activities and improve their governance, driving ESG outcomes. By 2027, according to Gartner, 25% of CIOs would devote their company’s efforts to sustainable technology which includes reducing Scope 2 and 3 greenhouse gas (GHG) emissions – indirect emissions associated with the electricity used by technology infrastructure and emissions outside the direct control of the enterprise.
A survey conducted in 2022 indicated that:
- 86% of business leaders consider sustainability as an investment to protect their organization from recession
- 80% leaders see sustainability technologies as a method to optimize operations and reduce costs
- 83% say sustainability program activities created both short- and long-term value for their organization
It’s time to implement sustainable technology in you company
Here are a few recommendations that should be considered to optimize your operation:
- Cloud services help organizations improve the utilization of shared resources, reduce environment impacts by minimizing electricity consumption.
- AI for sustainability could be used to record organizations’ carbon footprints, recommend activities to reduce them and mitigate environment risks.
- Sustainability and ESG software consists of sustainability-related data discovery, collection, analysis, insight and reporting tools, which may take a variety of forms.
Cloud to accelerate business initiatives
Global total cloud infrastructure services expenditure in 2023 was reported to reach US$290.4 billion, increased 18% from US$247.1 billion in 2022. Particularly, Q4 2023 witnessed remarkable spending up to US$78.1 billion.
Industry Cloud Platforms (ICPs) includes SaaS (Software as a Service), PaaS (Platform as a Service), and IaaS (Infrastructure as a Service) services seamlessly integrate into a unified offering crafted specifically for distinct industries, providing a comprehensive solution that optimizes IT capabilities and drives business success. It is expected that by 2027, over 70% of enterprises would apply ICP to accelerate business initiatives, rocketed from 15% in 2023.
Above all, migrating from on-premise to cloud platform enhances business accessibility and mobility, allowing mobile access to corporate data via smartphones and any devices, resulted in conveniently accessible information to staff and improvement of employee satisfaction.
The future is full of possibilities. Let’s navigate it together.
At Lobster Technologies, we’re here to be your trusted guide in the ever-evolving tech landscape. We stay ahead of the curve, focusing on responsible innovation to deliver real value to your business. Contact us and we’ll help you understand emerging trends, seize new opportunities, and secure your organization’s future success.