It’s time to update the technology trends for 2024. What will drive business forward?
The rapid growth of technology has occurred in the past few years, influencing people’s lives, including business operations. This has made us inseparable like never before. It must be acknowledged that technology has grown exponentially, creating significant convenience in life and providing opportunities for every business to move forward without high costs, thereby establishing a stable and modern economic system.
Looking at it from the opposite perspective, individuals or businesses that cannot adapt to technology face the risk of falling behind competitors or the broader society. To lead everyone into the future, let’s collectively explore technology trends in 2024. This will help us understand the technologies that businesses will need to shape the future together.
The future world is materializing with the four technologies of 2024.
If we reflect on the past, discussing the future world is likely just a fantasy that everyone dreams about. However, presently, talking about the future becomes a matter of waiting only a few moments. What was once imagined can now become a reality with the power of technology, enabling large businesses in the country’s main industries and various retail sectors to have avenues for growth and compete internationally. Here are four technologies that will shape a new future in 2024.
1. Intelligent Mobile Robot
According to experts from Gartner, ‘By 2027, 75 percent of companies will use automated, intelligent mobile robots to manage their warehouses.’ Warehouses are an integral part of the supply chain, emerging from the growth of E-Commerce businesses, and the logistics industry has invested in technology to develop autonomous robots. These robots are intended to replace human labor, ensuring safety during work and helping to alleviate the labor shortage problem.
The Gartner report predicts that in the next three years, intelligent mobile robots will surpass drones, and every industry will increase the use of robots. Drones will be employed for site inspections or to deliver important products such as medicine and various medical supplies in remote areas.
From 2024 onwards, robots are expected to become more energy-efficient by incorporating sensors for intelligent energy-saving use. This will enable the robot to control its heat during operation, ensuring speed and accuracy, thereby enhancing industry potential. Importantly, when robots consume less energy, production costs will also decrease, making it a sustainable technology.
Technological advancements also enable robots to more efficiently connect to digital systems, such as the cloud, facilitating the analysis of large databases through the 5G intelligent network. This support helps perfect digital systems without the need for reliance on cables, as was the case in the past.
2. Quantum Technology
During an interview with Dr. Jirawat Tangpanithanon, Chief Executive Officer of Quantum Technology Foundation (Thailand) Company Limited, who holds a doctorate in quantum computing, he stated, ‘Quantum technology marks a new era following the digital age, which itself succeeded the analog era. As we transition from the digital age into the quantum era, quantum technology emerges as a distinct paradigm. Predicting the onset of the quantum era, Dr. Tangpanithanon estimates this transition will occur within the next 6-7 years, akin to the shift from the Y2K era to the Y2Q era.
Simultaneously, Air Chief Marshal Amorn Chomchoy, Secretary-General of the Office of the National Cyber Security Committee (NCMC) at the Ministry of Digital Economy and Society, emphasized that the advent of the quantum era renders traditional password-based encryption obsolete. Recognizing the immediacy of this shift, with the estimated timeframe of 6-7 years, organizations must prioritize information security, ensuring the separation and safeguarding of sensitive data against cyber threats.
This urgency stems from the unparalleled capabilities of quantum technology, which far surpass today’s supercomputers in terms of speed and processing. For instance, while a supercomputer may take approximately 10 years to process a dataset, a quantum computer can accomplish the same task within a few seconds.
This exceptional processing speed positions quantum technology to revolutionize early disease prediction. Citing a research article from Chulalongkorn University, it is asserted that quantum technology holds immense potential in the medical field. By swiftly identifying abnormal symptoms, it can provide insights into the cause, enabling proactive intervention before a disease progresses to a critical stage.
Despite not yet achieving perfection, many large companies have already begun incorporating quantum technology. Its applications range from optimizing transportation routes for efficient time and energy savings to devising smart electrical grids that accurately calculate electricity distribution based on production and backup power.
3. From IoT continuing to IoB
The Internet of Things, or Internet of Things (IoT), is a technology that connects the world to humans. Therefore, this extensive database, or data, can be collected to facilitate better interactions for organizations with consumers in the future. Simply put, it is a collection of data leading to behavioral changes, or the Internet of Behavior (IoB), which has evolved from IoT.
The principle of using IoB technology is to stimulate positive behavior in users, such as transportation technology that has IoB equipment installed on the transport vehicle for tracking coordinates and recording the behavior of employees to assess their driving habits. Moreover, this technology can also monitor engine performance, helping entrepreneurs utilize their resources effectively, reduce the risk of accidents on the road, and, importantly, control the use of energy appropriately.
In addition, IoB can understand and accurately display the behavior of each individual. Therefore, it is not surprising that by 2024, we will witness this technology advancing to another level. Whether it is applied to the insurance business for behavioral risk analysis before calculating the appropriate premium for each individual or assisting in medical analysis, such as tracking the patient’s sleeping behavior, monitoring eating habits, and observing daily living habits to lead to further treatment strategies, etc.
3. Smart City
Smart City is a city created by leveraging intelligent technology to establish a sustainable environment, increase efficiency in city management, and enhance the overall well-being of citizens. Examples include smart energy cities, emphasizing the balanced use of energy with minimal reliance on mains electricity, smart economic cities that utilize modern technology to add value to the economy, and smart travel cities that develop intelligent traffic and transportation systems prioritizing safety and environmental preservation.
The key technology driving the realization of smart cities in 2024 relies heavily on 5G communication technology with nationwide network coverage, ensuring effectiveness. City management catering to intelligent needs must depend on innovation and modern technology. Without a reliable network signal, the potential for smart cities to emerge faces challenges and potential failure.
Future technologies set to drive business and enhance the quality of life are numerous and about to be introduced. Handling vast amounts of data for these advancements necessitates the use of 5G communication technology, known for its faster speed and low latency. This makes 5G wireless connectivity flexible and able to connect to various sensors, establishing it as a prominent technology for the future.
In conclusion, our world evolves rapidly with unexpected trends. However, Easetrack is always prepared for changes, ready to adapt to the times, and provides solutions to upgrade the industrial sector and your business. Overcoming every challenge is possible with our support and consultation. We are committed to assisting Thai businesses in sustainable growth and competitiveness in the global market.