In recent years, the world has been going through a period of extremely strong technological development, with digital innovations not only reshaping industries and social structures but also change many areas of life. 2024 will be an exciting year with advanced technology trends, the following top 5 technology trends will turn the coming new year into a breakthrough year, let's join NLT Group in the digital transformation race right away!
A vibrant picture of digital transformation in Vietnam in 2023
The 4th Industrial Revolution has been having a strong impact globally, forcing Governments and businesses around the world to face great challenges, requiring changes to adapt to the advancement of technology. Ministry of technology, science and technology.
According to the Report on the results of national digital transformation in 2023, Deputy Minister of Information and Communications Nguyen Huy Dung said: The World Intellectual Property Organization ranked Vietnam's Innovation Index in 2023 at the top 46th, up 2 places compared to 2022, continuously maintaining in the group of 50 leading countries from 2018 to present.
In 2022 - 2023, e-Connomy SEA Digital Economy Annual Report announced by Google, Temasek, Bain & Company, Vietnam is the country with the fastest digital economic growth rate in Southeast Asia and is expected to The newspaper will continue to hold this position until 2025. The digital economic growth rate in each industry and field in Vietnam compared to 2022 has achieved impressive results: online tourism increased by 82%, digital payments increased. 19%, making our country the fastest growing country in digital payments in Southeast Asia, e-commerce increased by 11%...
According to Gartner, the world's leading information technology research and consulting company, digital transformation projects are a priority for many businesses in the market. Specifically, up to 87% of leaders rated process digitalization as the number 1 priority, 40% of organizations have been widely implementing activities to digitize business processes and management processes; and up to 91% of business leaders have started digitalization activities in certain areas.
Statistics from market research company Market Research Future show that in 2018, global investment in digital transformation reached 205.65 billion USD. It is estimated that by 2025, this number will reach about 817.05 billion USD with an average annual investment growth rate of 18.87%.
This impressive growth rate is many times higher than the world GDP growth rate, demonstrating great interest and investment from businesses and organizations in projects related to digital transformation until next year 2025.
From there, it shows that businesses are gradually becoming more clearly aware of the importance of digital transformation as well as the desire to accelerate and create a gap compared to the region and the world. The biggest advantage of Vietnamese businesses is the Government's support for businesses in applying IT to promote growth and compete with countries in the region.
National policy to promote digitalization of economic sectors by 2024
In the 7th meeting of the Committee, summarizing activities in 2023 and key directions and tasks in 2024, on December 28, in Hanoi, Prime Minister Pham Minh Chinh clearly stated the topic of digital transformation. 2024 is: developing the digital economy with 4 pillars of information technology industry, digitalization of economic sectors, digital management, digital data - An important driving force for rapid and sustainable socio-economic development sustainable, focusing on 4 main priorities:
- Prioritize the development of the information and communications technology industry, this is the key industry, providing technology, products, services, solutions, and digital content for digital economic development
- Prioritize the digitalization of economic sectors associated with increasing social labor productivity, output, management and innovation. This is the main front for the development of the digital economy, opening up space for development. new
- Prioritizing digital governance ensures the rapid and healthy development of the digital economy
- Prioritize the development of digital data as a key production factor in the development of the digital economy
Specifically, the agricultural sector focuses on improving productivity, production efficiency, optimizing production processes, traceability, and reducing emissions; The processing and manufacturing industry focuses on digitalization, automation and digital management towards applying smart factory models to improve production capacity and product competitiveness, reduce emissions... step by step participate in the global value chain.
The electricity and energy industry focuses on digital management, such as smart grid systems, power system security and safety, and for thermal power plants, they must reduce fuel burning and emissions.
The construction industry focuses on increasing productivity (automation of construction processes); more effective project management (track work progress, plan and manage resources more effectively); design optimization (3D simulation and construction information management system); increased flexibility; reduce loss and waste; improve labor safety; Effective financial management…
The field of industrial park and export processing zone development focuses on promoting the application of technology and digital management to change production and business processes and environmental protection to improve performance and operational efficiency. reduce emissions, form green and ecological industrial parks.
Top 5 technology trends shaping the future of digital transformation in 2024
The year 2024 is forecast to mark an important step forward in the development of technology with prospects promising even more breakthroughs.
The pace of technological innovation has not slowed down and 2024 is expected to be a year of further breakthroughs. What makes the 4.0 industrial revolution different from previous industrial revolutions is the convergence and interaction between many technology trends. Let's join NLT Group to get ahead of these trends right away!
AI is present in every aspect of life
Over the past year, many AI models similar to ChatGPT have been born with the participation of technology giants such as Google, Microsoft, and Alibaba. By 2024, their applications will be flooded, making it easy for users to access.
“Generative AI is already sparking innovative ideas about how it will work and transform the world in 2023,” John Roese, global chief technology officer of Dell Technologies, said at a November event. By 2024, we will see a wave of generative AI projects reaching maturity, revealing important and useful aspects that were not well understood in the early stages.” From there, AI will be applied effectively in all fields, instead of just being exploratory and experimental as before.
Global consulting company Capgemini (France) also shared that generative AI will have small, cost-effective models for small businesses and individual users. These models do not need too many large processing machines but are still highly effective.
Read more: What is IoT? How it is associated with the 4.0 technology revolution
The advancement of quantum technology
Quantum computing is predicted by experts to be a prominent technology trend in 2024. Based on the principles of quantum mechanics to process complex information, quantum computing will calculate and produce results. results in much shorter time than other methods. This helps quantum computers apply in many fields such as promoting machine learning (ML) development, providing seamless simulation, improving research and development (R&D) activities...
Quantum technology made new progress last year, as Intel successfully created the Tunnel Falls quantum processor, or Microsoft announced it was in the process of building the first quantum supercomputer. IBM, Google and several Chinese technology companies also entered this field many years ago. Quantum technology could be the key to helping us solve the biggest smart urban problems the country is working towards.
Cyber security – from priority to absolute necessity
Kris Lovejoy, chief engineer of Security & Resiliency (USA), predicts that in 2024, cyber attacks will increase in number and sophistication. Therefore, businesses and end users will have to invest more in their systems and devices to prevent hackers. At this time, security solutions are not just a priority, but a must-have to protect assets and systems.
According to Cybersecurity Ventures, losses caused by cybercrime are estimated to reach 10.5 trillion USD in 2025, up from 3 trillion USD in 2015. According to Accenture's report, the cost to fix an incident caused by cybercrime is an average of 13 million USD in 2021 and will increase by 15% by 2024.
Cyber threats are becoming more complex and competition to bring new solutions leveraging disruptive technologies like AI to market is increasingly fierce. This ensures that cyber resilience will become an increasingly prominent trend throughout 2024 across the consumer and business technology sectors.
5G network has mass coverage
5G technology began to be commercially deployed four years ago, but in many countries, 5G is still only in the testing phase.
According to experts, it will not be until 2024 that 5G will be deployed more widely, becoming the main connection standard for users. This opens a wide door for Internet of Things applications, where billions of devices will communicate with each other at high speed, promoting the flourishing development of smart homes and self-driving cars.
Unified Cloud Industrial Cloud Platform
Gartner predicts that by 2027, more than 70% of businesses will adopt Industrial Cloud Platform (ICP) to accelerate their business projects, a significant increase from less than 15% last year. now. ICP is a customizable cloud solution designed for specific industries and can be further tailored to meet the needs of each organization.
Facing the trend of digital infrastructure development, looking forward to dynamic development in 2024 invites businesses to embrace change by seizing opportunities in the growing cloud computing and IT landscape.
The picture of digital transformation in Vietnam shows that this is not a trend but a long-term strategic vision of every organization and business that wants to improve competitiveness in the next 5-10 years. Hopefully the above article by NLT Group will help readers have an overview of the top 5 outstanding technologies shaping the future of the world and build a suitable digital transformation roadmap for their businesses to make a breakthrough this year in 2024.
Conclusion
2024 will witness an explosion of advanced technology trends such as AI, quantum technology, cybersecurity, 5G and Cloud. This is a great opportunity but also a challenge for businesses in the digital transformation process. To catch up with this new wave, businesses need to raise awareness and build appropriate strategies to effectively exploit new technologies, thereby maintaining competitiveness and sustainable development in the future.
NLT Group compiled
>> You may be interested in: