Big banks' tech fears. Digital therapeutics on the ropes. AI mind reading. Here are the under-the-radar trends in tech that will reshape industries this year.
AI breakthroughs are ushering in a new wave of dynamism in tech.
Startup valuations jumped for AI companies in 2023. Big tech is reaching new heights — as well as facing intensifying competition. Corporates are feeling the pressure to build their AI strategies and stay ahead of their peers.
At the same time, enterprises and investors have become more cautious spenders. Venture funding fell to a 6-year low in 2023. Many tech spaces will contend with consolidation in the year ahead, from digital therapeutics to cybersecurity.
Nevertheless, even with limited access to capital, startups continue to make commercial breakthroughs in areas like quantum computing, neurotech, and robotics.
We used the CB Insights technology intelligence platform to cut through the noise and identify 20 under-the-radar trends that will define tech in 2024. We analyzed signals like tech company financings, executive chatter in earnings transcripts, business relationships, customer perspectives, patents, and more.
Our 129-page report digs into trends across major industries including:
- GPU shortage forces companies to be smarter
- Multimodal AI will rise on corporates’ wish lists
- Synthetic data bonanza
- DIY software development upends engineering orgs
- Global employment & payroll market shakes out
- Quantum computing advances hint at faster commercialization
- Cyber chaos drives security consolidation
- AI vs. AI dogfights redefine data security
- Healthcare & life sciences
- The great AI drug race heats up
- Digital therapeutics (DTx) & wellness consolidates
- The brain becomes a fierce tech battleground
- Financial services & insurance
- Banks get AI FOMO
- Blockchain’s uphill finserv battle
- Extreme weather is an opportunity for insurtech
- Retail & consumer
- AI sales agents flood the e-commerce landscape
- Retailers tackle shrink with AI loss prevention
- AI sends a shockwave through gaming
- Humanoid robots come for manufacturing
- Corporate venture refocuses on strategic fit
- Unicorns need a new playbook to survive
Download the full report to see all 20 trends and identify disruptive tech markets, how incumbents are preparing, and the startups vying to change industries.