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Capgemini's 2024 Tech Trends: Unveiling the Future
IT services giant Capgemini has discussed the top five technology trends anticipated to make a significant impact in 2024. While generative AI (GenAI) dominated discussions in 2023, other key technologies are poised to reach a crucial inflection point next year. Pascal Brier, Chief Innovation Officer at Capgemini, emphasized the transformative impact of technology, noting that the company's teams are actively monitoring the tech landscape to leverage innovation for clients and anticipate upcoming breakthroughs. The announcement highlights the evolving tech landscape and the diverse areas expected to witness significant developments in the coming year. The top five technology trends anticipated to make a significant impact in 2024 are,
Semiconductors:
The semiconductor industry is on the brink of a significant transformation in 2024. Several factors are converging to reshape the landscape, including the development of chips with a size as small as 2 nanometers and transistors approaching the dimensions of a few atoms. The industry is facing challenges as the scale of research and development (R&D) and the construction of cutting-edge fabrication facilities are becoming increasingly demanding, even for major chip manufacturers. The overall digital transformation across various industries is expected to accelerate, leading to changes within the semiconductor ecosystem. This shift will be evident through the emergence of new gigafactories, regulatory changes, evolving business models, and advancements in foundry services. In essence, the semiconductor sector is undergoing a dynamic evolution marked by technological advancements, increased investments, and a broader impact on industries beyond traditional computing and electronics.
Space Tech:
The surge of interest in space technologies next year is geared towards advancing scientific discoveries and addressing pressing challenges on Earth. This includes the monitoring of climate risks and disasters, improving telecommunications accessibility, and fortifying defense and sovereignty efforts. Unlike previous eras, the current wave of space exploration involves not only government agencies but also active participation from private entities, spanning startups to large corporations. Technologies such as 5G, advanced satellite systems, big data, and quantum computing are integral components driving this contemporary space age.
Anticipated in the coming year is an acceleration of innovation within the space sector, particularly supporting promising technology projects related to sustainable spacecraft propulsion—encompassing both electric and nuclear propulsion methods. Additionally, there will be a concentrated effort to develop new constellations in Low Earth Orbit (LEO) to facilitate seamless communications and make strides in quantum cryptography. This signifies a collaborative and dynamic landscape where advancements in space technologies are propelled by a diverse array of actors and cutting-edge technologies, with a specific emphasis on sustainability and communication advancements.
Batteries:
Due to high industrial stakes, battery performance and cost-cutting is a top priority in the coming year. The goal is to boost electric mobility and advance long-duration energy storage for a faster transition to renewables and smarter grids. While LFP and NMC are standard for electric vehicles, exploration of alternative battery technologies like sodium-ion and solid-state is set to accelerate in 2024.
Solid-state batteries, a major shift in technology, offer higher energy densities at a competitive cost, reducing dependence on materials like lithium, nickel, cobalt, and rare-earth minerals. This shift is vital for electric vehicles, promising longer lifespans and improved safety. In a business landscape focused on the energy transition and climate change, these developments offer environmentally friendly alternatives and responsible resource use.
Quantum Technologies:
The increasing computing power necessitates strengthened digital defense mechanisms, marking a shift that is poised to disrupt global cybersecurity standards. This impending milestone will impact business leaders and technology experts, prompting organizations to embark on their quantum transition. In essence, the evolution in computing poses challenges to existing cybersecurity norms, requiring a proactive response to safeguard against emerging threats in the digital landscape.
Generative AI:
Generative AI made a big impact in 2022 and 2023, creating high expectations for business. In 2024, it's poised to live up to the hype. While large language models will continue, there's a rising demand for smaller, cost-effective models for edge computing and smaller enterprises. New AI platforms will combat hallucinations by combining generative AI with knowledge graphs. These platforms will enable companies to use generative AI without deep technical expertise, fostering interconnected networks of models for specific tasks. These advancements signify a move towards more accessible, versatile, and cost-effective generative AI, allowing organizations to quickly scale and derive lasting value from the technology.