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AI set to drive major tech advancements in 2024, IEEE study finds

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Artificial intelligence (AI) in its many evolving forms will be the most important area of technology in 2024, according to a new global survey of chief technology officers and IT directors conducted by IEEE, the world’s largest technical professional organization.

The new study titled “The Impact of Technology in 2024 and Beyond: An IEEE Global Study” polled 350 chief information officers, chief technology officers, IT directors and other technology leaders in the U.S., China, U.K., India and Brazil about the technologies that will drive growth over the next year.

AI and its subsets like machine learning (ML) and natural language processing dominated the technology outlook, with 65% of technology executives picking it as one of their top three most important tech fields for 2024. 

“Generative AI has become so prolific across all business sectors to assist in gathering data, creating reports, analyzing trends, and developing new products,” said IEEE Fellow Karen Panetta in an exclusive interview with VentureBeat. “The applications are limitless, including healthcare, marketing, cybersecurity, and streamlining manufacturing processes.”

The proliferation of AI across industries will lead to major advancements in software development, supply chain management and cybersecurity, according to experts. Extended reality, cloud computing, 5G networks, and electric vehicles rounded out the top five technologies cited by survey respondents.