8 Key Tech Trends You Need To Watch Out For In 2024

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Artificial intelligence (AI) and machine learning (ML) are not just buzzwords. They're powerful technologies that are making our lives easier and better.

Whether it’s Siri, Netflix, or Google, AI and ML are behind many of the products and services we use every day.

In 2024, many venture capitalists are betting big on AI and ML to help us solve our everyday problems and improve outcomes in fields like healthcare and education. 

Imagine if you could create anything you want with just a few words or clicks. Well, that’s what generative AI can do for you.

Generative AI is a type of AI that can make new stuff out of thin air, like pictures, words, tunes, or code. It can even chat with you like a real person, thanks to tools like ChatGPT.

In 2024, generative AI is expected to become better, smarter, and easier for anyone to use. In other words, in the coming weeks and months, AI will have a hand in a lot of online content.

Web3, the next generation of the Internet, is dubbed as more secure, transparent, and fair for Internet users like you and me. It also can't be controlled by any central authority since it's powered by blockchain.

In 2024, more and more governments, institutions, and sectors will get involved with Web3 and blockchain, to shape the future of the Internet. Due to this, they might be regulated.

Once regulations kick in, expect Web3 and blockchain to play a bigger role in our everyday lives.

Robotics is the field of engineering that deals with the design, construction, and operation of robots.

Robotics is expanding to more industries, such as healthcare and warehousing, where robots can perform tasks that are difficult, dangerous, or tedious for humans.

Home robots, such as vacuum cleaners, lawnmowers, and companions, are also expected to gain popularity, as they become more affordable and intelligent.

Connectivity is the ability to access and exchange information through the Internet or other networks. It's expected to become faster with the wider rollout of 5G, which is the fifth generation of wireless technology that offers high speed, low latency, and large capacity.

Early 6G research is also underway, which aims to achieve even higher performance and capabilities.

Faster connectivity will also increase the pace of Internet of Things (IoT) and smart home device growth, as more objects and appliances become connected and automated.

Biotech is the science of using living things to make amazing things, like new medicines, better crops, or smarter machines.

Biotech is getting more advanced with new discoveries in three exciting fields: neurotech, genetic engineering, and synthetic biology.

Renewables are sources of energy that are derived from natural processes, such as solar, wind, hydro, and biomass.

Renewables are expected to maintain their momentum, as the world transitions to a clean energy future. Renewables will also benefit from improvements in solar, wind, and battery storage technologies, which will make them more efficient, reliable, and hopefully affordable.

The space industry is the sector that deals with the exploration and utilisation of outer space, such as satellites, rockets, and spacecraft.

The space industry is expected to boom, as major public and private investment fuels growth in space tourism, mining, exploration, and colonisation. The space industry will also create new opportunities and challenges for science, technology, and humanity.