Trends of 2024 – A brief report

As we have a hype about AI and its implementation in various industries, we have to consider the pre-requisites for implementing. An important trend we can think of as of now is, to prepare the organizations to handle AI implementation. Setting the processes to accommodate the AI tools will be the first trend.

Current researches point that organizations would be experimenting with AI solutions. So, the organizations will not emphatically enter into complete automation of processes. There will be co-existence of most human and little AI kind of setup. That brings to the processes with mix of manual intervention and AI automated processes. AI should accommodate this kind of setup and this will be the second trend.

The next trend would be to focus on cyber security and data and their governance. The guidelines should be framed in governing the cyber security and data. This should be part of the organization and should be imbibed in the minds of the grassroot level employees. Even though many organizations have started to do this, it is important to have structured processes for this.

The other trend we find is the adoption of cyber security. Any organization should be ready to adopt the cyber security standards. Integrating the practices to the existing processes. In this context, the greatest challenge is recruiting cyber security professionals. The competitive advantage an organization need to possess is also important. But the cyber security plays an important role in safeguarding the resources of the organization.

Building the infrastructure to handle ever demanding business needs of an organization plays an important role. The adoption to Cloud computing services makes the process easy for the organization. If it is able to find methods to use cloud services efficiently would reduce its cost. So based on the demands the organization can work out the cloud architecture. Learning the management of cloud resources gives the organization necessary leverage.

IT distributors make use of different digital engines to create a wide marketplace. This being the new trend, where they use ample resources, scale, tech aggregators to build the marketplace. The organizations need to build capabilities to handle multi-vendor cloud services to provide the solution.

Organizations spend more dedicated budget for marketing and branding activities. Social media, influencer clout, content marketing, subscription models, decreased reliance on vendor and product as the brand and development of their own IP all factor into this awakening. These trends in marketing and branding will be prominent in 2024,

Upskilling and building skills are priorities of the organizations to make their workforce productive. Digital transformation is one of the trend in addressing the productivity. Internal training of the staff is an important leverage for productivity. As well, making the students employable and productive is also important to produce healthy new hires.

Skills based career transparency involves two components namely in establishing proper guidelines for job roles and levels. And also, to create an environment of open communication in the organization. In this way, the organization can hire proper candidates for the job role and retain them by using technology driven HR practices.

The demographics of today’s technology sector, the popular refrain goes that a majority of business owners in the space are eyeing retirement and that the information technology industry desperately needs younger entrepreneurial talent to keep the segment relevant and vibrant. A similar trend is playing out in the broader tech industry and its efforts to target certain customers.