AI Set to Drive Major Technological Advancements in 2024: Insights from IEEE Study

Srishti Dey
Srishti Dey February 23, 2024
Updated 2024/02/23 at 7:35 AM

According to a recent study by IEEE, the leading technical professional organization, artificial intelligence (AI) will be the most important technological advancement in 2024, as agreed upon by 350 technology executives from major international markets. This article explores the study’s findings and highlights the significant influence artificial intelligence (AI) is expected to have on a number of industries as well as its potential to spur technological innovation in the years to come.

AI Will Rule the Future of Technology

The survey’s findings highlight how crucial artificial intelligence (AI) and its subsets, such machine learning (ML) and natural language processing (NLP), will be in determining how technology is developed in 2024. AI was named by a startling 65% of tech CEOs as one of the top three most important tech areas of the year.

Increasing AI’s Use in All Industries

AI is becoming more and more prevalent in a variety of areas, including manufacturing, financial services, transportation, and telecommunications. With the ability to mimic human cognitive functions, advanced AI applications and algorithms have the potential to completely transform data optimization, task automation, and decision-making procedures.

Possible Uses for AI

AI has a vast range of possible uses, including supply chain automation, recruiting acceleration, software development support, real-time cybersecurity monitoring, and drug discovery facilitation. Experts predict that artificial intelligence (AI) will revolutionize and improve many facets of cybersecurity and software development, resulting in increased resilience and efficiency.

AI for Beginners 2024 - Ultimate Artificial Intelligence Guide

Difficulties and Fears

Although AI has great potential for transformation, its growing capabilities also present new cybersecurity risks. Concerns like deepfakes, sophisticated social engineering assaults, and AI-driven software vulnerability finding are real and need to be taken seriously by businesses.

5G Networks: Advancing AI Development

5G networks, which provide lower latency, quicker data transfer rates, and widespread connection for smart devices, emerge as a critical facilitator of the expansion of AI. 5G’s improved capabilities will let AI systems process and react to real-time information more quickly, increasing their efficacy in a variety of applications.

Quantum Computing: The Key to Next-Generation AI

Progress in quantum computing is essential to opening the door to a new class of artificial intelligence systems. It is anticipated that the combination of AI with quantum computing will bring about revolutionary shifts that will open the door to more powerful computers and scalable algorithms.

Conscientious AI Progress

While acknowledging AI’s enormous potential, IEEE experts stress the need for human control and prudent AI development. Ensuring openness and giving ethical issues top priority in AI research are critical to maximizing its potential advantages while minimizing hazards.

The IEEE report concludes by highlighting the critical role that AI will play in advancing technological developments through 2024 and beyond. AI has unmatched potential to revolutionize economies and lead technology as it continues to infiltrate a wide range of sectors and areas. Developing a future of innovation and advancement will depend on how we properly embrace AI and use technology to solve urgent social issues.

Share this Article