Industry executives and experts share their predictions for 2024. Read them in this 16th annual VMblog.com series exclusive.
Say Hello to the Future: AI and Hyperautomation Trends of 2024
By Manoj
Chaudhary, CTO & SVP of Engineering at Jitterbit
With 2024 on the horizon, it's clear the
business and technology landscape stands on the cusp of transformation. Rapid
advancements in artificial intelligence (AI) and hyperautomation are not just
reshaping industries but also redefining how we work, communicate, and create.
Here are a few key trends to keep an eye on as
we continue to witness the evolution of AI and its impact on hyperautomation in
2024. From real-time speech translation breaking down language barriers, to the
rise of AI in low-code development and the expanding adoption of
hyperautomation initiatives, these developments signal a year of unprecedented
growth and opportunities.
Real-Time
Speech Translation Will Remove Barriers
While 2023 showcased the potential of
generative AI and large language models, 2024 will be a year of crucial
breakthroughs in real-time voice and speech translation. As professionals
collaborate across global borders, language barriers have always been an
inevitable hindrance to effective communication. Manual translation is
time-consuming - and emerging AI capabilities are poised to eliminate this
obstacle. Real-time speech translation will not only enhance efficiency and
productivity but also empower businesses to expand their global operations
seamlessly.
AI Bots
Will Become Imminent for Low-Code Development
Low-code development has already emerged as a
significant trend, with Gartner predicting that it will account for over 65% of
application development by 2024. This revolution has democratized software
creation, empowering business technologists without coding expertise to build
solutions meeting their organizations' needs.
As artificial intelligence (AI) integrates
into low-code platforms, a shift toward utilizing natural language or bots to
build applications is imminent. This development shows great promise and will
likely continue to advance low-code development, surpassing traditional
interfaces. In the next five years, I anticipate many people will embrace
low-code and no-code platforms primarily for their bot-driven automation
capabilities. With the continuous evolution of AI-driven capabilities, adoption
rates will rise, leading to improved ROI.
Hyperautomation
Will Begin to Trickle to Mid-Market Enterprises and SMBs
Enterprises can see strong ROI by adopting
hyperautomation (the concept that everything that can be automated should be
automated), but the financial commitment can be substantial. While the
potential returns are promising, it's often better suited for higher-end
mid-market businesses and enterprises. However, in 2024, wise investments in
automation will become intrinsically linked to the accessibility of new AI
tools. This increased access will boost adoption across the board, including
among some SMBs. There is still a large gap to be filled before we see the
complete democratization of automation initiatives, but rapid innovation in the
AI and automation space will make SMB adoption more commonplace in 2024.
As we look ahead, 2024 holds immense
technological promise, particularly in the realms of AI and hyperautomation.
The advancements we foresee are not merely incremental - they represent a
leap towards a future where technology is deeply integrated into our daily
operations, enhancing productivity and fostering global collaboration. As we
navigate through these changes, there is one overarching imperative for
businesses: continue to adapt and evolve. Only by leveraging these
technological breakthroughs can organizations hope to stay competitive in an
era of increasing connectivity, efficiency, and innovation.
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ABOUT THE AUTHOR
Manoj Chaudhary is the Chief Technology Officer and Senior Vice President of Engineering at Jitterbit, leading the technical side of product strategy as well as technology development and operations.