Report highlights five transformative
technology trends set to reshape the business landscape
CHICAGO, July 29,
2024 /PRNewswire/ -- West Monroe, a global
business and technology consulting firm, released its annual Tech
Trends to Watch, identifying the five advanced technology trends
expected to reshape the business landscape in 2024 and beyond. The
report emphasizes the crucial role of technology in boosting
efficiency and fostering growth, encouraging industries to advance
technology forward while keeping a human-centered approach.
Key trends highlighted in the report:
- The new productivity paradigm: AI is changing how
we work by boosting human capabilities and enabling companies to
innovate, create value, and reconsider how they define
productivity.
- The resurgence of cloud and infrastructure: The
increasing computational and storage demands of advanced AI systems
are driving a renewed focus on cloud and infrastructure
technologies, while balancing them with environmental impact.
- Synthetic data's real potential: Generated by
systems using the statistical properties of real data, synthetic
data is emerging as a powerful tool for training AI models and
employees so companies can enable secure, collaborative innovation
while preserving trust and compliance.
- Techno-optimism vs. the techlash: Balancing innovation
with responsible use of technology is crucial to building trust
among stakeholders and avoiding the disillusionment that can come
with it.
- Humanity's role in the digital age: The human
element remains vital in a world of new tech. Adopting tech at a
tolerable speed and with a holistic approach are crucial to making
technology enhance the human experience.
"Business leaders are tasked with not only applying new
technologies to their business' operations today, but also
anticipating how their needs will evolve in the future. This is why
it is crucial to understand what is on the horizon, make strategic
decisions, and be willing to adjust those decisions as you learn in
order to thrive," said Casey Foss,
Chief Commercial Officer at West Monroe. "At West Monroe, we
identify what companies need to be both tech-forward and
human-centered."
As a leader in technology consulting, West Monroe helps
organizations capitalize on these trends and apply them in their
industries, emphasizing the importance of embracing technology
while keeping human values at the forefront.
"In this new era, where advanced technologies are becoming
integral to business operations, the challenge isn't just about
adopting new tech—it's about doing so strategically," said
Cory Chaplin, Managing Partner,
Technology & Experience. "The true innovators are those who
look beyond the immediate gains, decipher how to create value
across multiple dimensions, and improve key performance
indicators."
The report is based on extensive market research by West
Monroe's Market Intelligence team, which analyzed numerous data
sets, news articles, analyst reports, and facilitated dozens of
interviews with the firm's top technology consultants.
For actionable insights and strategies to navigate these trends,
download the full report at
https://www.westmonroe.com/perspectives/report/tech-trends.
About West Monroe
West Monroe is a global business and
technology consulting firm that partners with clients to accelerate
value through technology. We stand out by not just working for, but
with our clients—engaging in the journey of co-creation and
aligning our goals with theirs. Our expertise spans industry,
strategy, people, process, and technology, ensuring rapid and
impactful outcomes. Our employee ownership structure and mindset
drive this mutual success. We are consistently celebrated as a top
workplace by Fortune and USA
Today, and as a leading consultancy by Forbes and Forrester. Learn
how we can help accelerate your business
at WestMonroe.com.
Media Inquiries
Christina Galoozis
Director, Communications & Public Relations
cgaloozis@westmonroe.com
847-302-1762
Shira Cohen
Manager, Public Relations
scohen@westmonroe.com
443-841-6879
View original content to download
multimedia:https://www.prnewswire.com/news-releases/west-monroe-releases-annual-report-on-technology-trends-to-watch-302208749.html
SOURCE West Monroe Partners