Gareth Burton, CEO of Orbus Software, predicts a wide range of technology trends that will impact the business world in 2024, reflecting changing priorities and emerging needs in the digital age.
First, Burton points to the continued growth of artificial intelligence (AI), but cautions that companies need to make sure their data is clean before inputting it into larger language models. “This will ensure the intelligence is accurate, bias-free and highly relevant, allowing them to drive the business forward with personalized insights rather than potentially veering off course,” he explains.
The CEO also notes a growing problem of growing technical debt due to companies’ relentless pursuit of speed and agility. This situation, according to Burton, is particularly critical in regulated sectors that are significantly behind in their transformation efforts. “Modernization efforts help fuel this problem, which limits an organization’s ability to compete,” he says.
Additionally, Burton highlights that sustainability is no longer an option for businesses as net zero targets loom. He says: “Sustainability must be a fundamental part of all decision-making criteria, alongside speed, cost, impact, alignment with strategy and new technologies. »
This change will enable businesses to make environmentally responsible decisions throughout their transformation journey. He adds that green technologies and innovations aligned with sustainable and socially responsible objectives will be increasingly prioritized.
Widespread cloud adoption is also a trend in Burton’s forecast for 2024. He predicts that “hybrid multi-cloud environments will become the norm,” supporting diverse workload needs while ensuring security and compliance. The continued shift to the cloud will drive demand for several key positions, including scarce cybersecurity professionals and cloud cost engineers, making cloud-native application developers a hot commodity.
When it comes to AI, Burton predicts a skills gap, with companies looking to use AI in 2024 needing to acquire new skills. “This will lead to a tsunami of applications for relevant university courses as Generation Z and Generation Alpha look to ride the AI wave,” he comments.
In terms of specific technology trends in 2024, he predicts significant investment and interest in cloud, AI and blockchain technologies, while “traditional on-premises data centers, non-responsive web design and isolated software systems will continue their slow dead “.
Burton also suggests that regulated industries will increasingly adopt blockchain to address compliance complexities and data privacy issues, promoting transparent record keeping.
Headquartered in London and founded in 2004, Orbus Software is a globally recognized provider of software and services for digital transformation. Its solutions drive alignment between strategy and execution, leveraging familiar Microsoft tools to ensure rapid adoption and best-in-class functionality.
Orbus Software’s products (iServer and iServer365, as well as the Solutions Hub) provide customers with a strategic decision-making platform that addresses key transformational disciplines, including enterprise architecture (EA), strategic portfolio management (SPM), Business Process Analysis (BPA) and Governance, Risk and Compliance (GRC).
