Executive Summary
Each year, the world eagerly anticipates the emergence of the next groundbreaking technology trend that defines an era. In 2022, it was the metaverse, while 2023 witnessed the ascent of generative AI. Some of these trends undergo a brief period of explosive potential, known as the hype stage, only to face challenges in scaling and practicality, such as cost, that impede widespread adoption.
In the HCLTech Trends 2024 report, we explore a range of 10 technology trends that are set to disrupt the year ahead. Some are currently in the hype stage, while others are firmly on their way toward mass adoption.
Featured Article
From bioengineering to extended reality: HCLTech’s top 10 tech trends
As 2024 approaches, HCLTech explores the 10 technology trends that will define the upcoming year and beyond
Articles
Bioengineering breakthroughs: The rise of organ-on-chip and genome editing
Bioengineering emerges as a dynamic force, weaving precision and personalization into the fabric of a healthier future
Quantum tech: Complexity, security, intelligence – Innovation’s next frontier
In 2024, quantum technology promises to leap forward with quantum machine learning transforming computation and quantum cryptography securing digital communication against evolving threats
Sustainability’s evolution: Prioritizing green IT and decarbonization
In 2024, green IT and decarbonization will propel business sustainability
Sovereign cloud and confidential computing shaping cloud’s future
In 2024, cloud computing continues to evolve and provides financial value to businesses that emphasize security, data sovereignty and confidential computing
A phygital future: Uniting physical and digital realms in the metaverse
In 2024, the metaverse is set to unleash the next wave of digital disruption, as revealed by the HCLTech Trends 2024 report
Ethical AI, GenAI and ML — widespread adoption and limitless opportunities
The dynamic landscape of AI has allowed organizations to embrace disruption and drive progress through ethical AI, generative AI and machine learning
Driving the next wave of 5G adoption — wireless, secure and private networks
5G adoption will improve connectivity for enterprises and create new value in an increasingly digital world
Embracing blockchain in an increasingly connected and decentralized world
Decentralization and asset tokenization are helping organizations reduce costs, improve efficiency and build trust
The growing accessibility of advanced robotics
As robotics become more advanced, organizations can utilize the flexibility and scalability of the technology to improve operations
IoB ushering new era of hyper-personalized customer experience
Through the analysis of data and behavioral psychology, IoB is enabling organizations to connect with customers more effectively
The 'ETO Mesh of Possibilities' is a comprehensive framework that represents technologies based on five key factors, highlighting their potential trends in the upcoming year. This framework considers factors such as profitability, adoptability, agility, community impact and macrocosmic sustainability. By analyzing the impact of technology on revenue streams, its ease of adoption in different markets, effectiveness in addressing current needs, socio-cultural and geopolitical implications and contribution towards larger sustainable goals, the ETO Mesh of Possibilities helps in understanding the future trajectory of technologies. It provides valuable insights into how technology can drive innovation and progress in various domains, and how it can be leveraged to achieve environmental, social and governance (ESG) goals efficiently.
The 3A (Adept-Adapt-Adopt) Framework is a strategic approach that helps businesses gauge their technological capabilities and define their roadmap for future readiness in the ever-changing world. This framework recognizes that there is no one-size-fits-all strategy and encourages a tailored, unique approach to emerging technologies. By classifying megatrends into the three categories, it provides innovation leaders with valuable insights on how to tackle these trends within a specific timeframe, ranging from 12 to 48 months.
- The Adept category focuses on scaling, achieving excellence, and becoming market leaders.
- The Adapt category involves learning from the past, redefining go-to-market strategies and building proof-of-concepts and strengthening the ecosystem.
- The Adopt category entails exploring, strategizing, and starting to build capability.
Excerpts
"The future, as it unfolds, will not merely be a yardstick of technological growth but a testament to our collective progress. Together we can navigate towards a more connected, efficient and sustainable world—a future where the fusion of technology and ethical governance paves the way for unparalleled industry leadership and enduring business prosperity."
“Blockchain technology is a transformative force that is reshaping industries, decentralizing trust and empowering a new era of transparent, secure and efficient digital ecosystems. I am very excited to see that blockchain-led digital transformation will play a significant role in fintech, e-governance, supply chain and climate Tech. Asset tokenization will transform fintech and digital ownership of any asset and overall Blockchain will play a significant role in creating a sustainable green economy"
"Together, Blockchain, DApps and GenAI create a resilient infrastructure, ensuring data integrity and fostering innovation in public services. This triad promises a governance landscape where trust, accessibility and intelligence harmonize, forging a progressive era of technological governance for the benefit of all citizens”
Read the HCLTech Trends 2024 report to explore a range of technology trends that are set to disrupt the year ahead.
Subscribe to the HCLTech Newsletter
for our latest news and insights