Tech
24 New Technology Trends in 2024: Exploring the Future
Technology today is evolving at a rapid pace, enabling faster change and progress, causing an acceleration of the rate of change. However, it is not only technology trends and emerging technologies that are evolving, a lot more has changed, making IT professionals realize that their role will not stay the same in the contactless world tomorrow. And an IT professional in 2024 will constantly be learning, unlearning, and relearning (out of necessity, if not desire).
What does this mean for you in the context of the highest paying jobs in India? It means staying current with emerging technologies and latest technology trends. And it means keeping your eyes on the future to know which skills you’ll need to know to secure a safe job tomorrow and even learn how to get there. Here are the top 24 emerging technology trends you should watch for and make an attempt at in 2024, and possibly secure one of the highest paying tech jobs that will be created by these new technology trends. Starting the list of new tech trends with the talk of the town, gen-AI!
1. AI-Generated Content
Artificial intelligence can generate high-quality, creative content, including text, images, videos, and music. This technology uses algorithms like GPT (Generative Pre-trained Transformer) and DALL-E to understand and produce content that resonates with human preferences. The vast applications range from generating articles, creating educational materials, and developing marketing campaigns to composing music and producing realistic visuals. This speeds up content creation and reduces costs, and democratizes access to creative tools, enabling small businesses and individuals to create content at scale.
2. Quantum Computing
Quantum computers leverage the properties of quantum mechanics to process information exponentially faster than classical computers for specific tasks. This year, we’re seeing quantum computing being applied in areas such as cryptography, where it can potentially crack currently considered secure codes, and in drug discovery, speeding up the process by accurately simulating molecular structures. The technology is still nascent but poised to revolutionize industries by solving complex problems intractable for traditional computers.
3. 5G Expansion
The fifth generation of mobile networks, 5G, promises significantly faster data download and upload speeds, wider coverage, and more stable connections. The expansion of 5G is facilitating transformative technologies like IoT, augmented reality, and autonomous vehicles by providing the high-speed, low-latency connections they require. This technology is crucial for enabling real-time communications and processing large amounts of data with minimal delay, thereby supporting a new wave of technological innovation.
4. Virtual Reality (VR) 2.0
Enhanced VR technologies are offering more immersive and realistic experiences. With improvements in display resolutions, motion tracking, and interactive elements, VR is becoming increasingly prevalent in gaming, training, and therapeutic contexts. New VR systems are also becoming more user-friendly, with lighter headsets and longer battery life, which could lead to broader consumer adoption and integration into daily life.
5. Augmented Reality (AR) in Retail
AR technology is transforming the retail industry by allowing consumers to visualize products in a real-world context through their devices. This trend is evident in applications that let users try on clothes virtually or see how furniture would look in their homes before purchasing. These interactive experiences enhance customer satisfaction, increase sales, and reduce return rates.
6. Internet of Things (IoT) in Smart Cities
IoT technology in smart cities involves the integration of various sensors and devices that collect data to manage assets, resources, and services efficiently. This includes monitoring traffic and public transport to reduce congestion, using smart grids to optimize energy use, and implementing connected systems for public safety and emergency services. As cities continue to grow, IoT helps manage complexities and improve the living conditions of residents.
7. Biotechnology in Agriculture
Advances in biotechnology are revolutionizing agriculture by enabling the development of crops with enhanced traits, such as increased resistance to pests and diseases, better nutritional profiles, and higher yields. Techniques like CRISPR gene editing are used to create crops that can withstand environmental stresses such as drought and salinity, which is crucial in adapting to climate change and securing food supply.
8. Autonomous Vehicles
Autonomous vehicles use AI, sensors, and machine learning to navigate and operate without human intervention. While fully autonomous cars are still under development, there’s significant progress in integrating levels of autonomy into public transportation and freight logistics, which could reduce accidents, improve traffic management, and decrease emissions.
9. Blockchain Beyond Crypto
Initially developed for Bitcoin, blockchain technology is finding new applications beyond cryptocurrency. Industries are adopting blockchain for its ability to provide transparency, enhance security, and reduce fraud. Uses include tracking the provenance of goods in supply chains, providing tamper-proof voting systems, and managing secure medical records.
10. Edge Computing
Edge computing involves processing data near the source of data generation rather than relying on a central data center. This is particularly important for applications requiring real-time processing and decision-making without the latency that cloud computing can entail. Applications include autonomous vehicles, industrial IoT, and local data processing in remote locations.
11. Personalized Medicine
Personalized medicine tailors medical treatment to individual characteristics of each patient. This approach uses genetic, environmental, and lifestyle factors to diagnose and treat diseases precisely. Advances in genomics and biotechnology have enabled doctors to select treatments that maximize effectiveness and minimize side effects. Personalized medicine is particularly transformative in oncology, where specific therapies can target genetic mutations in cancer cells, leading to better patient outcomes.
12. Neuromorphic Computing
Neuromorphic computing involves designing computer chips that mimic the human brain’s neural structures and processing methods. These chips process information in ways that are fundamentally different from traditional computers, leading to more efficient handling of tasks like pattern recognition and sensory data processing. This technology can produce substantial energy efficiency and computational power improvements, particularly in applications requiring real-time learning and adaptation.
13. Green Energy Technologies
Innovations in green energy technologies focus on enhancing the efficiency and reducing the costs of renewable energy sources such as solar, wind, and bioenergy. Advances include new photovoltaic cell designs, wind turbines operating at lower wind speeds, and biofuels from non-food biomass. These technologies are crucial for reducing the global carbon footprint and achieving sustainability goals.
14. Wearable Health Monitors
Advanced wearable devices now continuously monitor various health metrics like heart rate, blood pressure, and even blood sugar levels. These devices connect to smartphones and use AI to analyze data, providing users with insights into their health and early warnings about potential health issues. This trend is driving a shift towards preventive healthcare and personalized health insights.
15. Extended Reality (XR) for Training
Extended reality (XR) encompasses virtual reality (VR), augmented reality (AR), and mixed reality (MR), providing immersive training experiences. Industries like healthcare, aviation, and manufacturing use XR for risk-free, hands-on training simulations replicating real-life scenarios. This technology improves learning outcomes, enhances engagement, and reduces training costs.
16. Voice-Activated Technology
Voice-activated technology has become more sophisticated, with devices now able to understand and process natural human speech more accurately. This technology is widely used in smart speakers, home automation, and customer service bots. It enhances accessibility, convenience, and interaction with technology through hands-free commands and is increasingly integrated into vehicles and public spaces.
17. Space Tourism
Commercial space travel is making significant strides with companies like SpaceX and Blue Origin. These developments aim to make space travel accessible for more than just astronauts. Current offerings range from short suborbital flights providing a few minutes of weightlessness to plans for orbital flights. Space tourism opens new avenues for adventure and pushes the envelope in aerospace technology and research.
Synthetic media refers to content that is entirely generated by AI, including deepfakes, virtual influencers, and automated video content. This technology raises critical ethical questions and offers extensive entertainment, education, and media production possibilities. It allows for creating increasingly indistinguishable content from that produced by humans.
19. Advanced Robotics
Robotics technology has evolved to create machines that can perform complex tasks autonomously or with minimal human oversight. These robots are employed in various sectors, including manufacturing, where they perform precision tasks, healthcare as surgical assistants, and homes as personal aids. AI and machine learning advances are making robots even more capable and adaptable.
20. AI in Cybersecurity
AI is critical in enhancing cybersecurity by automating complex processes for detecting and responding to threats. AI systems can analyze vast amounts of data for abnormal patterns, predict potential threats, and implement real-time defenses. This trend is crucial in addressing cyber attacks’ increasing sophistication and frequency.
21. Digital Twins
Digital twins are virtual replicas of physical devices for simulation, monitoring, and maintenance. They are extensively used in manufacturing, automotive, and urban planning to optimize operations and predict potential issues. Digital twins enable companies to test impacts and changes in a virtual space, reducing real-world testing costs and time.
22. Sustainable Tech
This trend focuses on developing technology in an environmentally and socially responsible manner. It includes innovations in the lifecycle management of tech products, from design to disposal. The aim is to reduce electronic waste, improve energy efficiency, and use environmentally friendly materials.
23. Telemedicine
Telemedicine allows patients to consult with doctors via digital platforms, reducing the need for physical visits. Providing continued medical care during situations like the COVID-19 pandemic has become vital. Telemedicine is expanding to include more services and is becoming a regular mode of healthcare delivery.
24. Nano-Technology
Nanotechnology involves manipulating matter at the atomic and molecular levels, enhancing or creating materials and devices with novel properties. Applications are vast, including more effective drug delivery systems, enhanced materials for better product performance, and innovations in electronics like smaller, more powerful chips.
Top 24 Jobs Trending in 2024
- AI Specialist: Designing, programming, and training artificial intelligence systems.
- Quantum Computing Engineer: Developing quantum algorithms and working on quantum hardware.
- Data Privacy Officer: Ensuring companies adhere to privacy laws and best practices.
- 5G Network Engineer: Installing, maintaining, and optimizing 5G networks.
- Virtual Reality Developer: Creating immersive VR content and applications for various industries.
- Augmented Reality Designer: Designing AR experiences for retail, training, and entertainment.
- IoT Solutions Architect: Designing and implementing comprehensive IoT systems for smart cities and homes.
- Genomics Biologist: Conducting research and development in genetics to create personalized medicine solutions.
- Autonomous Vehicle Engineer: Developing software and systems for self-driving cars.
- Blockchain Developer: Building decentralized applications and systems using blockchain technology.
- Edge Computing Technician: Managing IT solutions at the network’s edge, close to data sources.
- Personalized Healthcare Consultant: Offering health advice based on personal genetic information.
- Neuromorphic Hardware Engineer: Designing chips that mimic the human brain’s neural structure.
- Renewable Energy Technician: Specializing in installing and maintaining solar panels, wind turbines, and other renewable energy sources.
- Wearable Technology Designer: Creating devices that monitor health and provide real-time feedback.
- XR Trainer: Developing and facilitating training programs using extended reality technologies.
- Voice Interaction Designer: Crafting user interfaces and experiences for voice-activated systems.
- Commercial Space Pilot: Piloting vehicles for space tourism and transport missions.
- Synthetic Media Producer: Producing AI-generated content for media and entertainment.
- Advanced Robotics Engineer: Designing robots for manufacturing, healthcare, and personal assistance.
- Cybersecurity Analyst: Protecting organizations from cyber threats and managing risk.
- Digital Twin Engineer: Creating and managing virtual replicas of physical systems.
- Sustainable Technology Specialist: Developing eco-friendly technologies and practices within tech industries.
- Telehealth Technician: Supporting the technology that enables remote health services.
One Solution to Succeed in 2024
Although technologies are emerging and evolving all around us, these 24 technology trends offer promising career potential now and for the foreseeable future. And most of these trending technologies are welcoming skilled professionals, meaning the time is right for you to choose one, get trained, and get on board at the early stages of these trending technologies, positioning you for success now and in the future.
Frequently Asked Questions (FAQs)
1. What are technology trends?
Technology trends refer to the prevailing developments, innovations, and advancements in the world of technology. These trends often shape the direction of industries, businesses, and society as a whole, influencing how we interact, work, and live.
2. Why are technology trends important?
Following technology trends is crucial for individuals and businesses alike because it allows them to stay competitive and relevant in a rapidly evolving digital landscape. By keeping abreast of emerging technologies, one can make informed decisions about adopting new tools, improving processes, and leveraging opportunities for growth.
3. How do you keep up with technology trends?
You can stay updated with technology trends by following reputable technology news sources, subscribing to industry newsletters, attending conferences and webinars, participating in online communities, and engaging in continuous learning and skill development.
Tech
The Information Hires Peterson to Cover Tech, Finance, Cryptocurrency
My life is nice
Tech news site The Information has hired Business Insider actress to cover technology, finance and cryptocurrencies.
She was part of Business Insider’s investigative team. She was also previously a corporate technology reporter and a technology deals reporter.
Peterson has been with Business Insider since June 2017 and is based in the San Francisco office.
She previously worked for Folio as an associate editor. She holds a bachelor’s degree from the University of California-Davis and a master’s degree from New York University.
Chris Roush
Chris Roush is the former dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. Previously, he was the Walter E. Hussman Sr. Distinguished Professor of Business Journalism at UNC-Chapel Hill. He is a former business reporter for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune, and the Sarasota Herald-Tribune. He is the author of the leading business journalism textbook, Show Me the Money: Writing Business and Economics Stories for Mass Communication, and of Thinking Things Over, a biography of former Wall Street Journal editor Vermont Royster.
Tech
Trump Courts Crypto Industry Votes, Campaign Donations
About the article
- Author, Brandon Livesay
- Role, BBC News
-
July 27, 2024
Donald Trump said at one of the biggest cryptocurrency events of the year that if he is re-elected president, he will fire the chairman of the U.S. Securities and Exchange Commission (SEC) on his first day.
On Saturday, Trump was the keynote speaker at Bitcoin 2024, a gathering of industry heavyweights in Nashville, Tennessee.
The Republican presidential candidate used the event to woo voters and encourage the tech community to donate to his campaign.
Cryptocurrencies have emerged as a political battleground for Republicans, with Trump saying that the Democratic Party and Vice President Kamala Harris were “against cryptocurrencies.”
The crowd was at its most animated when Trump declared, “On day one, I will fire Gary Gensler,” the SEC chairman appointed by now-President Joe Biden. The crowd applauded loudly and began chanting “Trump” at this statement.
SEC files charges against ‘Cryptocurrency King’ Sam Bankman-Frittosentenced to 25 years for stealing billions of dollars from customers of his cryptocurrency exchange FTX.
Speaking for about 45 minutes, Trump outlined some of his ideas for the industry if he wins the November election. He said he would make the United States the crypto capital of the world. His support for the sector is a 180-degree reversal from his comments in 2021, when he told Fox Business he saw Bitcoin as a “scam” that influence the value of the US dollar.
Trump told the crowd at the event that he would retain 100% of the Bitcoin currently owned or acquired by the U.S. government, adding that it would be a “national stockpile of Bitcoin.”
The former president also said he would “immediately appoint a presidential advisory council on Bitcoin and cryptocurrencies.”
He talked about the power needed to mine cryptocurrencies. “It takes a lot of electricity,” he said, adding that he would build power plants “to do that” and that it would “use fossil fuels.”
In recent months, some tech leaders have seen growing support for Trump’s presidential campaign. Tesla founder Elon Musk, who is the world’s richest person, has backed Trump. And cryptocurrency moguls the Winklevoss twins, who attended his speech on Saturday, have also come out in support.
Trump noted that his campaign accepts cryptocurrency donations, saying that in the two months since allowing cryptocurrency transactions, he has received $25 million (£20 million) in donations. However, he did not say how much of the payments came from cryptocurrency.
Trump used his speech to frame cryptocurrency regulation as a partisan issue, saying the Biden administration was “anti-crypto.”
Several Republican lawmakers also attended Trump’s speech, including Senators Tim Scott and Tommy Tuberville. Former Republican presidential candidate and Trump ally Vivek Ramaswamy was also in attendance.
The event was also attended by independent presidential candidate Robert F Kennedy Jr. and Democratic Party congressmen Wiley Nickel and Ro Khanna.
Earlier, during Bitcoin 2024, Democratic Congressman Nickel said that Kamala Harris was taking a “forward-thinking approach to digital assets and blockchain technology.”
Tech
WazirX Crypto Exchange Hack and Its Bounty Program: What Does It Mean for Crypto Investors in India?
On July 18, India Cryptocurrency exchange WazirX has been hit by a cyber attack which resulted in the loss of over $230 million worth of digital assets from one of its wallets. The exchange responded by suspending regular trading and reporting the incident to Indian authorities and other cryptocurrency exchanges. The company also launched two reward programs for ethical hackers who can help the exchange trace, freeze, and recover stolen funds.
WazirX said there was a cyberattack on a multi-signature wallet operated through a digital asset custodian service known as Liminal. Multi-signature wallets have a built-in security feature that requires multiple parties to sign transactions.
“The impact of the cyberattack is over $230 million on our clients’ digital assets,” WazirX said in a blog post, adding that INR funds were not affected. The company has firmly denied that WazirX itself was hacked and has brushed aside rumors that it was tricked by a phishing attack.
The exchange also noted that it was “certain” that its hardware keys had not been compromised, adding that an external forensic team would be tasked with investigating the matter further.
But Liminal, after completing its investigation, said: “It is clear that the genesis of this hack stems from three devices compromised by WazirX.”
Meanwhile, WazirX founder and CEO Nischal Shetty said that the attack would have been possible only if there were four points of failure in the digital signature process.
Who is behind the cyber attack?
WazirX has not yet disclosed the suspected parties or perpetrators responsible for the hack. However, news reports have emerged that North Korean hackers were responsible for the incident.
On-chain analytics and other information indicate “that this attack was perpetrated by hackers affiliated with North Korea,” blockchain analytics platform Elliptic said.
In response to The Hindu’s questions to WazirX about the North Korean hackers, cryptocurrency exchange WazirX directed us to its blog and said it was working with law enforcement to investigate whether a known malicious group was behind the attack.
“This incident affected the Ethereum multisig wallet, which consists of ETH and ERC20 tokens. Other blockchain funds are not affected,” WazirX said in its official blog, specifying that approximately 45% (according to preliminary work) of cryptocurrencies were affected by the attack.
The company largely placed the blame on the process of securing Ethereum multisig wallets and said that the vulnerability was not unique to WazirX.
How important is WazirX in the cryptocurrency industry?
WazirX calls itself India’s largest cryptocurrency exchange by volume. As of June 10, it reported total holdings of ₹4,203.88 Crores, or 503.64 million USDT. Tether [USDT] It is a stablecoin, that is, a cryptocurrency pegged to the value of the US dollar, but it is not an official currency of the United States.
When The Hindu tried to access WazirX Public and Real-Time Reserve Proof After the hack, we were greeted with a notice that the page was under maintenance.
WazirX has received both positive and negative reviews in India. The Enforcement Directorate froze the exchange’s assets in 2022, criticizing its operating procedures and lax Know-Your-Customer (KYC) and Anti-Money Laundering (AML) regulations.
“By encouraging obscurity and adopting lax AML norms, it has actively assisted around 16 accused fintech companies in laundering proceeds of crime using the cryptocurrency route. Accordingly, equivalent movable assets amounting to Rs 64.67 Crore in possession of WazirX have been frozen under the PMLA, 2002,” the ED said in a statement.
What will happen to WazirX assets?
It is unlikely that the stolen WazirX assets will be fully recovered anytime soon. This is due to the very nature of cryptocurrency, where assets can be easily mixed, transferred, converted, and sent to anonymous wallets. The chances of asset recovery are even slimmer if it is confirmed that North Korean hackers are behind the incident.
CEO Shetty said on X on July 22 that “small” portions of the stolen funds had been frozen, but declined to provide further details. He added that the majority of the funds had not been moved from the attacker’s wallet.
In recent years, North Korean hackers have stolen billions of dollars in cryptocurrency, aiming to circumvent various financial and economic sanctions.
WazirX is currently working to resume normal operations and has planned to launch an online survey to decide how to resume trading on the platform.
While the Indian exchange has defended its security practices and highlighted the challenges facing the cryptocurrency industry as a whole, savvy crypto traders will be looking for action plans and accountability, rather than emotional reassurance.
What does your rewards program consist of?
WazirX has announced two bounty programs: one to gain more information about stolen funds, and the other to recover them. Both programs are open to everyone except WazirX employees and their immediate family members.
Under the first program, WaxirX will reward up to $10,000 to anyone who can provide the exchange with information that can help freeze the funds. If the bounty hunter is unable to freeze the funds on their own, they should work with WazirX by providing enough evidence to facilitate the process.
But “if the participant fails to freeze and/or does not cooperate with WazirX to facilitate the freezing of funds, then the participant will not be entitled to any rewards,” the exchange said.
The second program, called White Hat Recovery, is aimed at recovering funds. Participants are offered 10% of the amount recovered as a white hat incentive.
“This reward will be paid only after and subject to the successful receipt of the stolen amount by WazirX. The above rewards will be payable in USDT or in the form of recovered funds at the sole discretion of WazirX,” the exchange noted.
The bounty programs are expected to last for the next three months.
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Tech
Trump Vows to Make US ‘Crypto Capital of the Planet and Bitcoin Superpower’
Speaking to a crowd of supporters at the Bitcoin 2024 Conference in Nashville, Tennessee, former President and Republican candidate Donald Trump said that if elected, he would make the United States the “crypto capital of the planet and a Bitcoin superpower.”
Trump added that he would “appoint a Presidential Advisory Council on Bitcoin and Cryptocurrencies,” which would have 100 days to “design transparent regulatory guidance that will benefit the entire industry.”
Trump has publicly opposed cryptocurrencies until recently. His latest statements serve as a rallying cry for a tech industry that has long called for more flexible regulatory oversight.
Shortly after taking the stage, Trump spent several minutes naming some of the conference attendees, at one point describing Winklevoss Twins Cameron and Tyler as “male role models with big, beautiful brains.” The former president has continued to speak out against electric car mandates and called for more fossil-fuel burning power plants.
Trump also said he would order the United States to withhold all Bitcoin it currently owns “in the future.” The U.S. government reportedly holds billions of dollars in Bitcoin.
About three years ago, Trump called Bitcoin “a fraud“that is “competing against the dollar.” In February 2024, the former president said that establishing a central bank digital currency would represent a “dangerous threat to freedom.” Yet, in May, Trump declared that he was “good with [crypto]“, adding, “if you’re pro-cryptocurrency you’d better vote for Trump.” That same month, he said he would commute with the Silk Road founder Ross Ulbricht’s Sentencingand his campaign said it would accept cryptocurrency donations.
Recent comments from Trump and independent presidential candidate Robert F. Kennedy Jr. have helped make cryptocurrency regulation a major political issue in the 2024 U.S. presidential election. This comes as the SEC intensifies its scrutiny of the cryptocurrency industry. SEC Chairman Gary Gensler, appointed by President Joe Biden, called the activity “full of fraud, scams, bankruptcies and money laundering.” Trump drew applause at the conference after promising to “fire” Gensler. (U.S. presidents have the power to appoint the heads of many federal commissions, including the SEC.)
With Biden out of the raceVice President Kamala Harris’s campaign advisers have He is said to have contacted to cryptocurrency leaders in an effort to “reset” relations with the industry. Harris’s campaign has not yet said whether her stance on the industry differs from Biden’s.
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