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New Technology Trends for 2024: Exploring Digital Breakthroughs

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10 New Technology Trends That Will Shape Our Future

Technological innovations are evolving quickly, including the advancement of Artificial Intelligence (AI). This new trend has made automation more prevalent in various industries.

From 2023, the AI trend is expected to grow 37.3% annually until 2030. This remarkable number is projected to continue as AI revolutionizes the world.

AI is just one of the many trends the digital world offers. In this article, you will learn about new technology trends in 2023 and discover how they will shape the future.

🔑Key Takeaways

Rapid growth of the internet has led to innovations and technological trends shaping our lives.
Artificial Intelligence as a Service (AIaaS) is becoming a dominant trend as it offers efficient and cost-saving operations.
Advanced Augmented Reality enhances experiences by combining real-life and computer-generated content.
The Internet of Behavior (IoB) uses data to understand and influence human behavior, leading to significant market growth.
Green Technology aims to reduce human impact on the environment.
Robots are becoming more human-like and can improve efficiency in various industries.
Edge Computing processes data closer to users with a high projected market growth due to its benefits.
Full Stack Development covers end-to-end application software development
3D Printing technology is growing in various industries, enabling customization and reducing waste.
Predictive Analysis and Datafication offer insights through data that help with personalized experiences.

10 New Technology Trends That Will Shape Our Future

Out of 7 billion people, 5 billion use the Internet. By 2030, an estimated 500 billion devices will be connected to the internet due to the 63% global internet penetration in 2022.

The internet’s rapid growth has advanced how people share, access, and process information. These shaped the trajectory of different technological trends.

The next section will describe the 10 technological trends that reshape people’s daily lives.

Artificial Intelligence as a Service

Photo of a robot and human

AI is one of the huge trends in 2023. According to data, 54% of businesses and organizations see the benefits of AI. They consider AI as a way to help them get more efficient and cost-saving operations.

AI as a service (AIaaS) includes contactless ordering or services that require little to no human contact. With the AIaaS, consumers will access easier, faster, and more efficient services.

🎉Fun Fact:

Japan is still the leading country in robot production and industrial use. They have more production than the next biggest exporters, Germany, Italy, the US, South Korea, and France combined.

Companies and organizations saw AI’s efficiency. They see how AI can help them in their daily operations. Some businesses that use AIaaS are:

Microsoft Azure - Azure is one of the leading cloud platforms today. This trend allows you to enjoy features like anomaly detection, content moderation, etc
Amazon Web Services (AWS) - Amazon is a cloud service provider and a known online retailer. With their huge operations, they developed AI customer services like virtual agents to assist concerns.
Chat Generative Pre-trained Transformer (ChatGPT) - ChatGPT is a technology trend tool that can use human-like language. It can respond to specific questions, make content, and many more.

The advancements of AI have brought challenges to society, and it has been a hot topic in various industries. To know more about its advantages and disadvantages, read its pros and cons below:

Pros	Cons
High cost-saving - AIaaS can save budget for businesses/organizations. It lessens the work of more people and purchases of other tools.	Increases unemployment - AI can decrease employment because it replaces humans.
Faster operations - AI helps save time because of its AI solutions. This feature can expedite certain projects ahead of time.	Breaching of data privacy - Interactions with AIaaS can include giving sensitive details. This can result in exposure and misuse of personal information.
Reduction of human error - Artificial Intelligence has more accuracy and precision than humans. They can reduce human errors through the algorithms in their systems.	Does not have creativity - AI can learn through the data stored in their system. Thus, it cannot perform certain tasks creatively.

Advanced Augmented Reality

AR can combine real-life and computer-generated content enhancement. It has the option of optical projection systems and display systems. Similar to the rise of Artificial Intelligence, Augmented Reality is also becoming a new technology trend.

💡Did you know?

In 1968, computer scientist Ivan Sutherland fashioned an inaugural head-mounted display at Harvard. This invention made way for augmented reality, which people use today. Later, Sutherland was known as the “father of computer graphics” with his invention.

In 2020, research estimated 83.1 million American monthly users of advanced AR. Most of these numbers were from the education sector. Americans saw how this trend can enhance the student’s learning experiences.

The significant growth of AR led to many developments that brought entertainment and education. If you are wondering if you have used one of these, check out some examples of Advanced Augmented Reality:

Google Street View - Google offers many features, including digital maps. This AR can help you in moving further in a certain direction. Users can also zoom in and see the streets live using their smartphones.
Pokémon Go - The Pokémon Go game was first launched in 2016 and continues to become popular. This game allows you to play both in the digital and real world. You need to catch a Pokemon in the surroundings using your device.
Snapchat - This app lets people impose filters on their faces as it digitally overlays on the users. These filters can look real when applied.

Augmented Reality can help people in many ways. However, similar to other technology trends, it can bring advantages and advantages to the real world.

Read the table below to learn more about the pros and cons of AR.

Pros	Cons
Enhance people’s experience - People can have a better experience with AR as it overlays information. It can provide more in-depth details about a certain object or place.	Invasion of privacy - AR can cause security and privacy issues. Cybercriminals can get people’s information and use it to trick people.
Convenient in the education sector - AR greatly helps educators. This trend makes them interact with students while teaching simultaneously in other places.	AR can be addictive - Since AR is also entertainment, users check their phones constantly. This activity can make them addicted and not interact with the real world.
Improves technology - Augmented Reality makes many people’s lives easier. Most users can access information anytime using their devices, especially urgent ones.	Higher health risk - Users of AR can deeply immerse themselves in this technology, which could lead to certain health risks (i.e. hearing loss, obesity, damaged eyes, and behavioral changes).

Internet of Behaviors

The Internet of Behavior (IoB) utilizes data collection and analysis to enhance human behavior comprehension and its impact. This trend can give insight into how people behave and make their projections.

Like any other trend, the IoB’s growth sees significant numbers. According to researchers, IoB’s market size is estimated to be more than $300 billion in 2032. Statistics now see a 24.97% compound annual growth rate (CAGR) this year to 2032.

The data presented is a clear sign that IoB is an emerging trend. From this market size number, most of these were from companies and organizations that need big data collection.

IoB is now helping different industries. To better understand how IoB works, you can see the following IoB examples:

Examples of IoB

Social Media - One of the best IoB examples is the different social media platforms. Many businesses personalize their advertisements that interest their users. This strategy will give them an idea of how to market their products.
Government - Policy makers like the government utilize IoB to maintain law and order. They keep track of people’s activities in a certain place by surveys, forms, etc. The government can create a policy to keep citizens at peace..
Healthcare - Industries like healthcare benefit the most from IoB. They use this technology to monitor the behavior of their patient. Healthcare professionals can keep track of and observe their patient's recovery.

Do not be fascinated yet with the concept of IoB. It is important to note that it is not always beneficial. Using this table, you can analyze its pros and cons:

Pros	Cons
Efficient resource utilization - IoB can reduce waste and improve sustainability. It can optimize resource management by analyzing information from different sources.	Risk of data security - Gathering and processing behavior data opens up opportunities for cyberattacks. Unprotected data can be put at risk from data breaches.
Improved safety - Many companies use IoB to enhance workplace safety. They do this by analyzing employee behaviors to prevent any accidents.	Ethical dilemmas - Many people raised ethical questions regarding how IoB works. Some think that this trend crosses boundaries and infringes on personal autonomy.
Personalized experience - As mentioned, IoB collects data from human behavior. This feature can allow businesses to offer more personalized services or products.	Privacy concerns - Collecting data raises significant privacy issues. Some people are not comfortable with all the surveillance IoB requires.

Green Technology Progress

Green Technology is a trend made to save natural resources. These technologies' main purpose is to reduce human impact on the environment. They are designed to give features that will protect the ecosystem.

Pollution and other environmental problems continue to rise, and efforts are continuously made to solve this issue. With this, Green Technology’s market size is expected to grow by $29 billion by 2024. Researchers also say that the compound annual growth rate (CAGR) will rise too.

If you are curious about what Green Technologies the world has today, below are some examples of this tech trend:

Solar Energy - This technology works in a renewable energy system from the sun. Solar Energy aims to reduce the dependency on hydrocarbons and fossil fuels energy.
Ecological Vehicles - The Ecological Vehicle trend is created to be more eco-friendly than the normal vehicle. It is used today as it does not create polluting gases while running.
Recycling - This trend conserves scarce resources by reusing the used materials. Many countries implement this as a good practice to reduce pollution and conserve the limited resources for future uses.

Green Technology is not always just the good side. The table below shows the pros and cons of this trend.

Pros	Cons
Reduce operating cost - Green Tech can help many people reduce operational costs. Some of these technologies do not require much leg work from people.	High-cost initial investment - If one person decides to try Green Tech, the initial investment would be costly. This cost includes the initial materials, installation, and many more.
Continues vital resources - Most of this trend uses renewable resources. Hence, it can never run out of energy, such as electricity and water.	Still evolving - The process of Green Tech evolution can still be a con as people are still unsure of its results. Many changes still need to be made to benefit from its purpose.
Slows down global warming effect - The Green Tech's main purpose is to save the environment. This technology reduces CO2 emissions, which is one of the reasons why there is climate change.	Lack of familiarity - Although Green Tech is becoming popular, many people still lack familiarity with it. The world will surely take time to grasp how these trends fully work.

Robots Becoming More Human

Humanoid robots are made to assist humans and to take on tasks that are repetitive for human beings. Robots cannot completely replace humans, but AI has improved them to become more human.

🎉Fun Fact:

The word 'robot' originates from the Czech term 'Robota.’ This term translates to 'Drudgery' or 'arduous labor', denoting 'forced labor.'

Improvements in Robots also increased its production. According to the statistics, there are 400,000 new robots in the market yearly. In addition, the robotics global market value is already more than $40 billion in revenue.

Researchers say that these growing numbers are the effect of robot usage. Many businesses choose to invest in robotics to improve their organizations.

Due to its beneficial factor, robotics inventions are here already. Some of the robotics the world has today are:

Ameca - This robot, Ameca, is one of the latest inventions of Engineered Arts. This has the features of sensors that can track movement within the room. Ameca can also interact and recognize human emotions and age.
Digit - From Agility Robotics, Digit humanoid robots can unload and move packages. It can crouch and squat to pick up objects, while surface plane reading sensors would help it find the most efficient way.
Nadine - The Nadine robot is a social robot with a facial expression and upper body movement that can do various activities. These activities include recognizing faces, gestures, objects, and speech.

While many people are becoming curious about robots, its drawbacks are not discussed. Here, you can see this trend's different pros and cons.

Pros	Cons
Better automation and efficiency - Robots can perform repetitive tasks quickly and precisely. This leads to efficiency in operations like logistics, manufacturing, etc.	Job displacement - The Robots' automation of tasks can lead to unemployment. Humans can lose their jobs, especially those with routine work.
They are safer - Technologies like robots can take on dangerous tasks that can be hazardous for humans. Some of these tasks may be toxic substances or extreme environments.	High cost and maintenance - The investment for Robots can be very expensive. They can increase operational expenses once they have glitches or breakdowns.
No need for breaks - Robotics can work 24/7 without needing breaks. This is the same reason why they can produce and deliver continuously.	Cannot fully perform human ability - Although scientists are starting to produce Humanlike Robots, they are still far different from real ones. This technology does not have the same creative minds as humans.

Edge Computing

The Edge Computing trend is a novel computing model encompassing various networks near the user. This concept involves facilitating large-scale data processing.

According to Grand View Research, its market size has a CAGR of 37.9% until 2030. This percentage will add over $150 billion to its revenue. The projected numbers are significantly high in just a span of 7 years from now.

This tech trend has been in people’s lives since then, continuously improving. To give you some idea of what Edge Computing is, here are some examples:

Illustration of Edge Computing

Device Edge - One of the most traditional forms of edge computing is the Device Edge. This equipment can transmit information between the network and the cloud. Examples are routers, firewalls, etc.
Cloud Gaming - This trend is a new type of gaming that streams games live feeds directly to the device. Usually, the game can process itself while the host is in data centers.
Sensor Edge - The Sensor Edge technology enables organizations to process their analytics to the endpoints to maximize performance. Its computations are less complex because endpoints are all minimal hardware.

These are some of the pros and cons that Edge Computing can bring to humanity:

Pros	Cons
Better time management - Businesses see time management as one of the best Edge Computing advantages. This trend can enhance network velocity, which results in financial gain.	Limited processing power - Edge technologies often have limited computing capabilities. This limitation can result in the restriction of complex tasks or the ability to handle large data sets efficiently.
Lesser risk - Edge Computing can send only certain data to the cloud to minimize hacking. Even if cybercriminals try to hack, they cannot access all users' details.	More complex maintenance - This trend is a distributed network of devices. The distribution makes task management more challenging and complicated.
Lower transmission cost - This trend can reduce transmission costs because of its lower bandwidth. Edge computing does not require all data to be processed in the data centers.	Dependency on connectivity - Edge devices can rely heavily on network connection. Network disruptions can affect its operation.

Full Stack Development

The Full Stack Development refers to end-to-end application software development. It consists of the user interface of the front end, while the back end is the application logic and business workflow.

Various industries are now seeing the necessity for Full Stack Development trends. There has been a 35% yearly increase in demand for full-stack developers in 2015.

If you are reading this, you might want to consider trying one. This next section will give you some Full Stack Development ideas you can discover.

Web Development - This development involves the server and clients' software. It is the kind of project that helps build websites and applications.
Mobile Development - The involvement of building a certain project from the front to the back end is needed for this development. This can let you handle tasks such as operation, hosting, etc.
App Development - This development requires the involvement of application release for multiple platforms. It can require the development of 2 separate versions of the app with various programming languages.

If you are one of the people who want to delve into Full Stack Development, this next section is for you. Enumerated below are the pros and cons of this technological trend.

Pros	Cons
Capable of end-to-end operation - This trend can handle the development cycle from user interface to server. With this feature, it can lead to smoother project execution.	Requires specialized needs - Some of the complex projects require specialized needs. When this happens, you need to level up the equipment you have.
Cost-effective - For startups or small businesses, this trend can save more of their budget. It can help them operate easily without needing to hire more people.	Interrupted service - There are times when development hangs because of technical problems. An event like this can result in an interruption of usual operations.

3D Printing

The 3D Printing technology creates a three-dimensional object using a computer. This is also known as additive manufacturing, in which layers of material are built to create the 3D printing. This technology is making remarkable results in the digital world.

💡Did you know?

Internet is younger than 3D Printing.

Tim Berners-Lee instituted the World Wide Web (WWW) in 1989. However, the foundation for contemporary 3D printers was established by Chuck Hull of 3D Systems in 1986.

According to studies, the 3D printing industry has grown about 16.7% per year from 2017 to 2022. In 2022, it also increased by 14.4% in market size. This huge number exhibits the effectiveness of this trend for many people.

Now that you know 3D printing’s impact, here’s a list of 3D printing examples:

PolyJet - A plastic 3D printing used to create various prototypes is called PolyjJet. This technology has accurate and microscopic layer resolution. It is often used with different properties, such as tones and materials.
Stereolithography (SLA) - This 3D printing process is often used to create parts with complex geometries daily. The SLA allows a wide range of materials and high feature resolutions.
Fused Filament Fabrication (FFF) - FFF creates a plastic fiber layer onto a formed work. It is a fast strategy for delivering the actual models. FFF utilizes material extrusion, where thermoplastic materials are stacked.

Similar to most other processes, there are also pros and cons associated with 3D printing technology. These should be taken into account before it. Some of these are listed below:

Pros	Cons
Enables highly customized creatives - 3D printing can create high-quality designs that are not feasible with traditional printing.	Limitations of materials - 3D printing does not match the variety offered by traditional manufacturing processes.
Fast prototyping - The 3D printing trend allows quick prototyping. This can allow designers to test and execute their ideas efficiently.	Design limitations - For 3D printing, there are still intricate designs that might be challenging for this technology. Some geometries are removed post-printing because of failures in the result.
Reduces waste - This technology can generate less waste than subtractive manufacturing methods.	Can be slow for complex objects - This printing process can have limitations regarding build volume. It may not print large objects because of the printer’s size.

Predictive Analysis

The Predictive Analysis trend is used to predict customer responses or to promote opportunities. It helps to improve operations as it would attract the most profitable customers with the predictive models.

According to MicroStrategy research, 52% of businesses globally use predictive analytics to attract customers by their predictive modeling. This statistic indicates that more than half of global businesses have invested and trusted in this technology.

For people, utilizing Predictive Analysis empowers decision-making and developing insights-based strategies. Below are the examples of where Predictive Analysis is applied:

Clustering Model - This model is sorted into separate smart groups based on similar attributes. It quickly separates them based on their common details for you to focus on identifying groups with the same data.
Behavioral Targeting - In marketing, consumer data can be harnessed to craft content to reach potential customers in their preferred spaces. By engaging in Predictive Analysis, businesses can anticipate sales trends and strategize their campaigns accordingly.
Forecasting Finance - Businesses do Predictive Analytics through their financial records. This strategy can help to plan their next project sales, expenses, revenue, etc.

Many businesses or organizations have tried and are planning to try this trend. You can examine below the pros and cons it can bring:

Pros	Cons
Informed decision-making - This trend can provide valuable data insights to help you make data-driven decisions across various business operations.	Complex data - To perform Predictive Analysis, you need to have accurate and high-quality data. This is one of its cons, as you are required to provide complex records.
Enhances marketing - The Predictive Analysis can help tailor marketing campaigns for specific audiences. It can lead to higher conversations and engagements.	Intensify resources - Once you decide to do Predictive Analysis, you should also plan to have its requirements. This requirement includes personnel, computing resources, and many more.
Reduces risk - Identifying potential risks can give you timely intervention. Predictive Analysis helps you identify strategies to solve those risks.	Change in resistance - Organizations or businesses may resist applying Predictive Analysis. Challenges may arise once they shift from traditional decision-making to this trend.

Datafication

Transforming social action into online data for real-time tracking and predictive analysis is called Datafication. This technology trend turns various aspects of human lives into computerized data to convert it into new information.

Research shows that Datafication has over $200 billion in global market share. This number is expected to increase to over $800 billion in 2032, with a CAGR of 12.3%.

These statistics are the result of the increasing use of social media worldwide. Platforms like Facebook, Twitter, Instagram, and now Netflix use Datafication. It is the same reason why the market is growing as the years go by.

Data can be collected whenever technology contacts people. Datafication can be found in almost all technology. These are some of the most famous sectors that use Datafication:

Social Media Platforms - Social Media is one of the best sources of information, especially for businesses. They perform Datafication to profile people and personalize their paid ads.
Streaming Platforms - Internet streaming combines traditional television with blockbusters. They aim to keep you watching using their platforms by customizing your recommendations.
Bank or financial institutions - Datafication is also helpful for banks and financial institutions. They use these data to assess certain clients for their risk and financial plans. Datafication can help them monitor clients easily.

While many people enjoy the personalized outcomes of Datafication, it still has its own challenges too. For you to have an idea, this next section will provide you with the pros and cons of this technology trend.

Pros	Cons
Personalized content - As mentioned, people love how, through Datafication, they receive personalized content. These are tailored based on their interest and needs.	Privacy issues - One cannot perform Datafication if they do not have someone’s data. This process can raise privacy concerns as it can lead to unauthorized access.
Makes way for innovation - Datafications foster innovation by showcasing patterns and trends. This process can help businesses develop new products and services for people.	Risk for cyberattacks - The storage of huge amounts of data can increase the risk of data hacking. It can expose sensitive information to cybercriminals.
Improves efficiency - The Datafication trend can optimize processes and identify conflicts immediately. Using this trend, an efficient operation can be applied in real-time.	Dependency on data - Datafication can undermine human intuition and creativity because of overreliance on it. Decisions might be based on data-driven metrics only.

Final Thoughts

Future technology offers much, from simple machinery to robots becoming more human-like. With emerging technologies, there is a lot of new trending tech to wait for. Indeed, the future of the digital world can bring people both excitement and challenges.

Technology benefits will surely continue to grow along with its challenges. By harnessing these technology changes, people can navigate its complexities. Users adapting to these trends show how people can embark on endless possibilities.

FAQs.

What will happen to the technology in 2023?

There are two biggest technology trends in 2023: Artificial Intelligence and Automation. These two will continue to improve various industries. With their human-like features and improved streamlined processes, many people will see and use their benefits.

How might technology change the future?

Technology will undergo remarkable changes in the future. The world can expect deeper integration of artificial intelligence across various aspects of people’s lives. Revolutionizing technology will continue to solve the complex challenges the world faces.

How does technology affect the society?

Technology trends can affect society in both good and bad aspects. All inventions and innovations bring benefits to people along with their challenges. This is where society learns to adapt to certain technological changes.