The IT industry is currently experiencing rapid growth and transformation as new technologies such as artificial intelligence, cloud computing and robotics change the way we work, learn and live. In fact, Gartner predicts that global IT spending will reach US$4.6 trillion in 2023, up 5.1% from 2022. This growth comes as enterprises and the public sector advance digital business initiatives in response to economic disruption.
Predicting the IT market dynamics in the coming years can be challenging due to the rapidly changing nature of the technology industry. However, based on current trends and market research, the following predictions can be made regarding what the IT market can expect in 2024.
Popular IT areas
So, let’s start with what trends and technologies will take root and be popular in 2024.
Artificial intelligence
This year, ChatGPT has become very popular in all areas of activity: it writes coursework, prepares mailings, writes text for vacancies, draws up contracts and even writes code.
By mid-2024, it will be able to do more than just answer user questions. Since many companies are already implementing it into their work (Yandex Alice for example), most likely more companies will adopt its AI to reduce routine tasks for employees.
Of course, the implementation of AI will require costs to improve the skills of your employees and train them to work with AI, but the end result will be worth it.
In 2024, AI will become part of our daily lives, so such changes are inevitable.
In 2024, the physical world and the digital world will be even more connected, making AI a part of our daily lives. In the tech industry, this means growing demand and the need to increase capacity as it helps other companies implement AI.
2. Internet of Things and smart devices
The Internet of Things is devices connected to the Internet. Controlling home devices such as kettles, coffee makers, humidifiers, lights and opening doors from the phone is no longer the future, but the very present.
In 2024, we can expect more connectivity and interconnectivity between devices, from your bedroom lighting, kitchen appliances to your smartphones, with tech companies looking to make devices more accessible to a wider range of consumers. Smart homes will become increasingly popular, as will cars.
3. Development with augmented artificial intelligence
Advanced AI technologies such as generative AI and machine learning are becoming an increasingly important part of the process of building, testing and delivering applications and platforms. According to Gartner, by 2028, about 75% of enterprise software engineers will use AI coding assistants.
Development tools with augmented intelligence enable you to translate legacy code into modern languages, enable design-to-code translation, and enhance application testing capabilities. They also improve developer productivity (developers spend less time writing code and can focus on higher-level activities) and enable development teams to meet growing demand for business-critical software solutions.
4. Smart applications
Intelligence is quickly becoming a fundamental capability for modern applications. Intelligent, largely AI-enhanced applications are an important trend as they enable organizations to better automate and extend work across an incredibly wide range of use cases. Transforming the experience of users, customers and product owners, adding accurate predictions and recommendations, and promoting data-driven decision making: intelligent applications make this possible.
Priority vacancies in 2024
Cyber Security Specialist
Cyber threats are a growing concern for businesses across all sectors, resulting in a significant increase in demand for cyber security experts. With the rise of remote work and the expansion of IoT (Internet of Things), robust security protocols are no longer a luxury but a necessity. As such, professionals with expertise in threat detection, security infrastructure, and ethical hacking will be in greater demand in 2024.
Artificial Intelligence and Machine Learning Engineers
AI has outgrown its nascent stage and is now a staple of most modern technologies. Machine learning engineers, who design and build artificial intelligence algorithms, become the architects of our digital world. The ongoing advancement of AI requires a new generation of AI professionals who not only understand algorithms, but can also navigate the ethical, legal, and social implications of AI.
Cloud Computing Specialists
The cloud computing industry is experiencing exponential growth, with services such as AWS, Microsoft Azure, and Google Cloud becoming the backbone of many business operations. As companies continue to migrate to the cloud, the need for skilled cloud professionals to design, develop, and maintain cloud infrastructures is expected to increase dramatically.
Work with personnel (recruiters)
Even though AI automates many tasks, the human factor remains indispensable in technical support. Technicians and customer service professionals who offer personalized service will continue to play an important role in customer satisfaction and retention. Of course, AI allows you to reduce the time for interviews and selection of candidates, but it is much more pleasant to communicate with a real person than with a robot.
The technology sector continues to grow and adapt to new demands, with new technologies emerging every day.
Technological trends and trends that we wrote about above should play a big role in shaping our future.
While some fear that automation and artificial intelligence will eliminate many jobs, the technology industry is actually emerging as a source of new opportunities that require technical skills and human creativity.
In anticipation of 2024, we should remain open to new information technologies and their development. The next year will open up many opportunities for growth in the IT industry.