
Emerging Technology
Emerging Technology Trends 2024
By TechDogs Editorial Team

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Overview
We mean, picture a world where neuromorphic computing isn't just a buzzword but the bedrock of decision-making for companies across industries. Imagine a future where blockchain and Web 3.0 secures transactions, supply chains and intellectual property. These are not just futuristic fantasies but glimpses of the tantalizing potential of tomorrow's tech-driven business world. #BusinessesAreEmergingWithEmergingTech
Well, welcome to 2024, the relentless march of top trends in emerging technologies poised to transform the business landscape. These technological superpowers (read trends) enable businesses to unleash their full potential. Like Naruto's journey from a novice ninja to a formidable hero, businesses harnessing these emerging technologies can transform from mere contenders into industry leaders, setting the stage for a brighter, more innovative future.
As we stand on the precipice of 2024, businesses that adapt and embrace these top 5 Emerging Technology trends of 2024 will undoubtedly lead the way into a thrilling and transformative future. So, without further ado, let's look at the top trends in the dynamic realm of emerging technology!
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So, where were we?
Ahh, yes – the greatest ninja of all time, Naruto!
Imagine if Naruto is back but this time as the CEO of "Uzumaki Innovations"!
No doubt, his invincible spirit and determination would make him a force to be reckoned with in the corporate world. However, now, Naruto is a little confused. In the anime world, he harnessed the power of Chakra and Jutsu to overcome challenges; what about this corporate world?
Here's the catch! Naruto can leverage Emerging Technology trends to revolutionize his business ventures. Imagine him harnessing the potential of cutting-edge trends that are ruling 2024. In fact, here's the pro tip for Naruto - he can also take a detour to 2023 to understand how trends such as datafication, 5G technology, quantum computing, driverless technology and immersive technologies reshaped the business landscape. With all the information related to these trends at his disposal, Naruto would not only optimize his operations but would also be able to stay ahead of the curve.
So, without further ado, let's look at the top 5 Emerging Technology Trends of 2024, which are all set to cater the best of this area to all businesspeople like Naruto.
Trend 1: Step Aside Quantum Computing, Neuromorphic Computing Is Here!

Naruto believed, “If you don’t like the hand that fate’s dealt you with, fight for a new one.” Guess what? Neuromorphic computing can be that hand. Neuromorphic computing is a groundbreaking technology for savvy businessmen like Naruto, as it is poised to revolutionize various industries. Inspired by the human brain, this innovation employs digital or analog processing methods to mimic biological brain functions with remarkable precision.
The driving force behind the ascent of neuromorphic computing is its integration into deep learning applications, transistors, accelerators, next-gen semiconductors and autonomous systems. These advancements span diverse fields, from robotics and drones to self-driving cars and artificial intelligence. Intel Corporation, for example, has ambitious plans to apply neuromorphic technology to drone cameras. Their installation of Loihi chips is enabling drones to process camera data akin to how a biological brain functions, resulting in vastly improved sensing capabilities and speed. (We bet Naruto would be very impressed!) In 2022, the global neuromorphic computing market had already exceeded USD 4.2 billion and was projected to experience a substantial 21.2% compound annual growth rate from 2023 to 2030. Neuromorphic computing will simplify product development and empower AI systems to craft solutions that adeptly navigate the unpredictable real world. Yet, that’s not all!
Shawn Kim, Head of Asia Technology Research for Morgan Stanley believes, “Ultimately, neuromorphic chips could power a range of artificial applications, because of their capacity to sense, learn, infer and make real-time decisions, without explicit instructions in code or millions of prior examples to learn from.”
TechDogs’ Takeaway: Neuromorphic computing is a promising frontier with transformative potential for businesses. With the help of neuromorphic computing, businesses will harness efficient information processing and machine learning capabilities. It can further benefit them by exploring its potential to overcome AI and robotics limitations. Businesses can also embrace neuromorphic computing to enable autonomy, creativity and social interaction in their products and systems. Furthermore, businesses can benefit by exploring its potential to overcome the limitations of AI and robotics. This technology further allows them to integrate features like haptics and tactile perception into decision-making processes. Incorporating neuromorphic computing and smart products into a business strategy can position businesses for success in this evolving technological landscape by enhancing customer experience, streamlining operations and making data-driven decisions!
Trend 2: Get Ready To Get Human-centric AI Technologies

Welcome to the era of human-centric AI, where algorithms are not standalone entities but integral components of a broader, human-driven system. Here, innovation thrives through continuous learning, fueled by the invaluable input of human minds, forging a seamless and effective synergy between a human and a robot in 2024.
Still, why would Naruto need human-centered AI? Well, Naruto believed, “When people are protecting something truly special to them, they truly can become as strong as they can be.” You know what? Human-centered AI can help him exactly with that by protecting his organization, as it automates incident response, helping organizations react rapidly to security breaches. This reduces the "dwell time" of threats, limiting potential damage.
At its core, human-centered AI technologies aim to decode the intricacies of human language, emotions and behavior. This profound understanding pushes the boundaries of conventional AI solutions, paving the way for a harmonious coexistence between humans and machines. In healthcare, this trend is already reshaping the landscape of chronic disease management. Evidence-based digital therapeutics empower healthcare organizations to tackle the escalating costs of caring for patients with chronic conditions. In fact, industry experts believe the man-machine collaboration via AI applications marks the dawn of the fourth wave of digitalization!
TechDogs’ Takeaway: From a business perspective, human-centric AI will be a game-changer! To embrace human-centered AI strategies effectively and align with this trend, businesses should opt for user-centric approaches by prioritizing user needs and experiences when leveraging AI. Moreover, businesses are also expected to implement AI responsibly by ensuring fairness, transparency and accountability. They should establish clear guidelines and policies for data usage, privacy and algorithmic decision-making to build trust with customers. To leverage this trend at its best, businesses need to foster collaboration between AI experts and domain specialists to blend technical expertise with industry-specific knowledge and create AI solutions that truly address user requirements and challenges.
Trend 3: The Metaverse Is Here, For REAL This Time!

Over the years, the concept of Metaverse has evolved beyond gaming and social media, paving the way for a new era encompassing remote work, decentralized governance and digital identity. Today, thanks to connected headsets and VR glasses, users can immerse themselves in 3D spaces, offering a multi-dimensional experience that blurs the line between the physical and digital worlds. Adoption of such immersive experiences will be a major trend in tech circles this year!
Technology titans such as Microsoft, Epic Games and Facebook have embraced the Metaverse trend, each with its unique vision. Facebook, now rebranded as "Meta," envisions a digital reality where millions worldwide can meet and interact. My Neighbor Alice by Antler is another use case of Metaverse! It is a project that lets users make their own islands, build different houses, interact with neighbors, harvest and compete to earn cryptocurrency.
The Metaverse isn't just a technological marvel; it's a burgeoning economic force. McKinsey projects it could grow to a staggering $5 trillion by 2030, with e-commerce at $2.6 trillion, followed by virtual learning, advertising and gaming. Artificial intelligence adds another layer of excitement to the Metaverse. AI can craft lifelike avatars by analyzing 2D images or 3D scans and infusing them with realistic facial expressions, hairstyles, clothing and features.
TechDogs’ Takeaway: To harness the potential of the Metaverse, businesses must align initiatives with specific, measurable business objectives. Whether it's brand building, revenue diversification, or workforce optimization, setting clear targets is the first step for businesses. Moreover, adapting existing risk management strategies to handle the novel challenges of the Metaverse is crucial. This includes considerations for economics, data, governance, digital identity, user experience and other challenges that need to be ironed out. Finally, businesses can incorporate the Internet of Things (IoT) into the Metaverse to enhance the accuracy of digital representations. IoT devices can provide real-world data that can influence how objects in the Metaverse behave, adjusting to the current conditions in real time.
Trend 4: Web 3.0 Is Ready To Shake The Things Up In The Digital Realm

Imagine a future where the internet is smarter and more intuitive, capable of understanding your needs and desires. Enter Web 3.0, a trend that aims to achieve this by harnessing the power of artificial intelligence (AI) and Machine Learning (ML). It would enable Naruto’s Uzumaki Innovations to decipher the context and meaning behind data, ultimately making information retrieval effortless for users. In 2024, businesses are taking major strides to make this real!
Did you know that Gartner predicts that by 2024, 25% of businesses will embrace centralized services integrated into decentralized Web 3.0 applications? For instance, Launchpad XYZ is a disruptive newcomer in the Web 3.0 and cryptocurrency space. Recognizing the fragmented nature of Web 3.0, Launchpad XYZ seeks to eliminate intermediaries that hinder the growth of the Metaverse. Their innovative approach is gaining momentum and surpassing established players.
Yet, who better to ask than the leader of Web 3.0 and metaverse initiatives? According to Mark Zuckerberg, CEO of Facebook, “Web 3.0 is about creating a more immersive and interactive web, where users can engage with content in new and dynamic ways.” In fact, the adoption of Web 3.0 is no longer a distant vision; it's on the horizon in 2024. Enterprises are moving beyond experimentation to regular implementation and Web 3.0 is clearly poised to disrupt the industry in 2024 and beyond!
TechDogs’ Takeaway: Web 3.0 is on the verge of ushering in a new era of business as these technologies will streamline digital operations and push efficiency to unprecedented levels. However, the real game-changing aspect lies in personalization! In the fast-evolving digital landscape, Web 3.0 is a game-changer for businesses. First off, businesses can leverage Web 3.0 by embracing blockchain technology. It's not just about cryptocurrencies; it's a secure, transparent and tamper-proof way to handle transactions and contracts. Smart contracts, for instance, automate transactions based on pre-set conditions, reducing the need for intermediaries and streamlining operations. Next, AI and machine learning are smarter than ever, making personalized customer experiences a breeze. Web 3.0's AI-driven sub-trend is your business's crystal ball – it predicts customer behavior and tailors content and services accordingly. Finally, using virtual and augmented reality technologies will help businesses create immersive brand experiences, conduct meetings and even sell products in the digital world.
Trend 5: The Message Is Crystal Clear – Cleantech Is Here To Stay!

It's an era where environmental consciousness reigns supreme and cleantech, short for clean technology, emerged as the beacon of hope for businesses striving to reduce their ecological footprint and boost their sustainability efforts. Cleantech encompasses a wide array of products, services and processes designed to mitigate environmental impact and optimize the use of natural resources, thereby promoting a greener, more efficient world. So, what’s driving Cleantech in 2024?
In the realm of corporations, global players such as LG have made significant investments in cleantech, recognizing its pivotal role in shaping the future. LG's visionary approach, led by Chairman and CEO Koo Kwang-mo, underscores the importance of long-term thinking and innovation in driving Cleantech initiatives. According to Koo Kwang-mo, "The investments we're making in AI, bio, and cleantech are the building blocks of our future success, provided we stay dedicated to innovation and challenges.”
Moreover, the Canadian cleantech market beckons as a lucrative opportunity in the investment landscape as early-stage companies with disruptive innovations are playing a pivotal role in the global energy transition. This means the future of cleantech is promising!
The global market for critical clean energy technologies is projected to exceed $600 billion annually by 2030, driven by countries' commitments to energy and climate goals. China is poised to dominate this market, with an estimated annual value of $391 billion. After all, cleantech promises substantial benefits for businesses, including cost savings, innovation opportunities and a competitive edge in a rapidly evolving market. Thus, it will find adoption by major names across industries in 2024!
TechDogs’ Takeaway: Leveraging cleantech is not just a matter of adopting green practices but also communicating your sustainability efforts to stakeholders. Businesses must showcase their achievements and goals through various channels, from websites to social media and quarterly reports. By doing so, businesses can demonstrate their commitment to environmental and social responsibility, building trust and loyalty among customers and investors. Additionally, investing in cleantech research and development (R&D) is paramount for businesses, so they can allocate resources, engage employees and collaborate with stakeholders to innovate, improve and iterate cleantech solutions. Next, before embracing cleantech, businesses should identify their energy consumption, regulatory incentives and brand’s carbon footprint. Lastly, as global environmental regulations tighten, businesses should proactively adopt cleantech solutions to be better positioned for long-term success while making a positive impact on the world!
It's A Wrap
As we look ahead to 2024 and beyond, the importance of studying and considering emerging technology trends cannot be overstated. Embracing these advancements is no longer an option but a necessity for businesses that aim to thrive in an ever-evolving marketplace. By staying attuned to emerging technologies, companies can gain a competitive edge, improve operational efficiency, enhance customer experiences and foster innovation. Moreover, as the pace of technological change continues to accelerate, those who are proactive in their approach to integrating these trends will be better positioned to navigate the challenges and seize the opportunities that the future holds.
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