Summary
As 2024 kicks off, ABI Research says several highly anticipated technology advancements will not be adopted by industrial and other enterprises.
As 2024 kicks off, predictions abound on the technology innovations expected in the year ahead. However, several highly anticipated advancements, including Enterprise 5G, mainstream foldable devices, network APIs and robotaxis, will NOT happen in 2024, states global technology intelligence firm ABI Research.
In its new whitepaper, 82 Technology Trends That Will—and Will Not—Shape 2024, ABI Research analysts identify 45 trends that will shape the technology market and 37 others that, although attracting vast amounts of speculation and commentary, are less likely to move the needle over the next twelve months.
“When we look at the backdrop for 2024, we are still seeing many of the 2023 trends impacting fortunes,” says Stuart Carlaw, chief research officer at ABI Research. “High inflation, cost pressures and reduced demand continue. Major markets like the US, Germany, and China face extended manufacturing recessions. Monetary policy’s focus on curbing inflation hampers tech funding. Yet, there are signs of hope: inflation is dropping, central bank policies might change, and job markets recover. The global political landscape is the one outlier not on the trajectory to positive movement. That withstanding, 2024 could be a watershed year as we collectively turn a corner. It won’t be smooth, and it won’t be linear, but 2024 holds the promise of technology providing the acceleration engine to move us out of the past few years in the doldrums.”
What won’t happen in 2024? Robotaxis and mainstream foldable hand-held devices are among the 37 tech trends that ABI Research says won’t materialize this year. Here are a few more that industrial enterprises might be considering:.
Enterprise 5G: The year 2023 already illustrated a trend that will likely follow: 5G will fail to attract enterprise interest, again. In deciding about investments in connectivity technologies, enterprises are much more interested in use cases and outcomes than in the name of the connectivity technology—especially because the implementing enterprises are not connectivity technology experts.
Network APIs: Network APIs, driven by GSMA’s Open Gateway and CAMARA initiatives, will not likely create significant business opportunity, suffering the very same fate as GSMA’s OneAPI project in 2012, which was abandoned soon after it was launched. It is true that the telco operators desperately need enterprise revenue and use cases in 2024, but the same problems that faced network Application Programming Interfaces (APIs) a decade ago remain today: application developers are already addressing their needs through either aggregators or hyperscalers. Releasing fancy new network API initiatives will not automatically attract developer attention.
Generative AI at the Edge:. Most enterprises will be looking to deploy generative AI through the cloud, with only a handful having the capability and resources to deploy generative AI at the enterprise edge level. The challenge with running generative AI at the enterprise edge will be in terms of selecting a good use case, deploying the correct generative AI framework/model, and balancing Return on Investment (ROI) expectations. The potential of enterprise generative AI is huge, but 2024 will not be the year to see widespread deployments of generative AI at the edge.
For more tech trends that won’t happen in 2024 and the 45 trends that will, download the whitepaper, 82 Technology Trends That Will—and Will Not—Shape 2024.
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