Forrester’s Top 10 Emerging Technologies For 2024: GenAI, TuringBots, And IoT Security Poised To Deliver The Fastest ROI

Rhea-AI Summary

Forrester's recent report, 'The Top 10 Emerging Technologies in 2024,' highlights the most promising technologies that will yield quick returns for businesses. Key technologies include generative AI for visual content and language, TuringBots, and IoT security, all set to deliver significant benefits within the next two years. Mid-term prospects such as AI agents and quantum security are expected to bring value within five years. Long-term technologies like extended reality and Zero Trust edge will need more than five years to mature. The report emphasizes the importance of balancing investments across various horizons to manage risks and maximize returns.

Positive

• Emerging technologies identified to deliver quick ROI include GenAI for visual content and language, TuringBots, and IoT security.
• Mid-term technologies like AI agents and quantum security expected to provide benefits within two to five years.
• Clear roadmap for technology investments, helping leaders manage risks and strategize effectively.

Negative

• Long-term technologies like extended reality and Zero Trust edge will not deliver tangible value for at least five years.
• Complexity and lack of maturity in some technologies, such as edge intelligence and quantum security, may delay benefits.

The rapid acceleration of AI innovation has sparked a surge in advancement in other emerging technologies

CAMBRIDGE, Mass.--(BUSINESS WIRE)-- According to Forrester’s (Nasdaq: FORR) The Top 10 Emerging Technologies In 2024 report, generative AI (genAI) for visual content, genAI for language, TuringBots, and IoT security are the top emerging technologies that will deliver the most immediate ROI for businesses in 2024 and beyond.

With new technologies emerging seemingly every day, business and technology leaders need to time those investments based on value, risk, and potential payout timelines. Forrester organizes its top emerging technologies by benefit horizon to help with these decisions.

Emerging technologies that will offer significant benefits within the next two years:

• GenAI for visual content. Advanced machine learning models that generate images or video from text, audio, or video prompts, this technology will help firms generate visual content for marketing, experiences, and products.

• GenAI for language. GenAI for language is already delivering value in customer support and content creation but continues to advance at a blinding pace. It is accelerating many other technologies as it goes.

• TuringBots. Accelerated by advancements in genAI for language, these AI-powered software robots help developers build applications that deliver more than just code generation.

• IoT security. The proliferation of devices has led to an exponential explosion in security attacks, raising the importance of security for IoT devices. Vendors are competing and colliding in a rush to offer capabilities.

Midterm emerging technologies that will deliver benefits in the next two to five years:

• AI agents. The role of autonomous workplace assistants or AI agents has expanded beyond the back office and employee assistance to customer-facing automation. These AI agents will grow increasingly sophisticated to better understand and respond to nuance and context.

• Autonomous mobility. This technology will accelerate commercial and urban transportation ecosystem collaborations to orchestrate personalized mobility experiences for both customers and businesses.

• Edge intelligence. Advanced edge intelligence capabilities such as edge machine learning are still not yet common, even though many foundational elements like Apple foundation models are becoming available.

• Quantum security. This technology will overhaul security systems for on-premises and cloud compute, storage and network infrastructure, commercial off-the-shelf software, commercial software-as-a-service offerings, and in-house built software.

Emerging technologies that will take at least five more years to deliver tangible value for most firms and use cases:

• Extended reality (XR). Only 8% of US online adults own a virtual-reality headset, and just 16% have used an augmented-reality device or app. While XR is advancing in training and onboarding, companies are resisting investing in tools like these until they see broad adoption.

• Zero Trust edge (ZTE). ZTE technology has the potential to protect remote workers, retail outlets, and branch offices with embedded local security, but only a handful of true ZTE solutions exist today, and legacy devices add additional management complexity.

“Tech leaders must be able to identify the right use cases and quantify potential benefits, costs, and risks across multiple horizons,” says Brian Hopkins, Forrester VP, emerging tech portfolio. “They need to spread investments out, with shorter-term technologies delivering quick returns and longer-term bets requiring more effort, more foundational investment, and the capacity to manage more risk.”

Resources:

• Learn more about the top emerging technologies that will deliver ROI for enterprises.
• Read The Top 10 Emerging Technologies In 2024 report to gain insight into maturity trends, business value, important use cases, and risks associated with each technology (client access required).
• Register for a complimentary webinar that takes a deep dive into the 2024 list of emerging technologies and their use cases and benefits.
• Download Forrester’s complimentary guide for tech leaders to identify use cases and gain support for emerging technologies.
• Tech and data leaders can attend Forrester’s 2024 Technology & Innovation Summits in North America, EMEA, and Asia Pacific to learn how to align their IT strategy to their business goals to accelerate growth.

About Forrester

Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We help leaders across technology, customer experience, digital, marketing, sales, and product functions use customer obsession to accelerate growth. Through Forrester’s proprietary research, consulting, and events, leaders from around the globe are empowered to be bold at work — to navigate change and put their customers at the center of their leadership, strategy, and operations. Our unique insights are grounded in annual surveys of more than 700,000 consumers, business leaders, and technology leaders worldwide; rigorous and objective research methodologies, including Forrester Wave™ evaluations; more than 100 million real-time feedback votes; and the shared wisdom of our clients. To learn more, visit Forrester.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240625049417/en/

Press:

Hannah Segvich

hsegvich@forrester.com

Source: Forrester

FAQ

What are the top emerging technologies in 2024 according to Forrester (FORR)?

Forrester's top emerging technologies for 2024 include generative AI for visual content and language, TuringBots, and IoT security.

Which technology is expected to provide the quickest ROI in 2024?

Generative AI for visual content and language, TuringBots, and IoT security are expected to provide the quickest ROI in 2024.

What are Forrester's mid-term emerging technologies for 2024?

Forrester's mid-term emerging technologies include AI agents, autonomous mobility, edge intelligence, and quantum security.

How long will it take for extended reality (XR) to deliver tangible value according to Forrester?

Forrester estimates that extended reality (XR) will take at least five more years to deliver tangible value for most firms.

What does Forrester say about the importance of IoT security in 2024?

Forrester highlights IoT security as a top emerging technology for 2024 due to the exponential increase in security attacks on devices.

What is Zero Trust Edge (ZTE) technology, and when will it mature?

Zero Trust Edge (ZTE) technology protects remote workers and retail outlets using embedded local security, but it will take over five years to mature.