Significant transformations are on the horizon of Australia’s dynamic technological landscape. These shifts promise to revolutionise business operations, making strategic foresight essential for survival and growth.
In 2024, IT professionals in Australia should anticipate a transformative year. Ongoing technological evolution will reshape their roles within organisations. Those with certifications and capabilities in areas like security, data analysis, and business analysis will be highly sought after by employers.
Despite broader economic conditions, skill development aligned with current trends will be a key differentiator in the Australian employment sector.
AI to take the centre stage
Artificial Intelligence (AI) has long been part of our daily lives, from personalised movie recommendations to voice assistants. In 2023, AI awareness surged, with technologies like ChatGPT pushing boundaries. As we enter 2024, AI transitions from experimental to essential.
According to an International Data Corporation forecast, enterprise spending on generative AI solutions is projected to reach $143 billion by 2027, up from $16 billion in 2023. The world’s largest companies are expected to allocate over 40% of their IT expenditure to AI-related initiatives.
However, validation and accuracy are critical. Developers must blend domain expertise with contextual understanding. Traceability becomes crucial, shedding light on decision rationale. The focus shifts from novelty to reliability, demanding a mature, business-focused approach to AI integration.
Smarter cloud strategies to emerge
In the dynamic context of cloud adoption, a nuanced approach is essential. While the initial excitement around cloud technologies persists, the focus is shifting from novelty to reliability. But how can businesses extract maximum value from this transformative shift?
Cloud adoption isn’t just about experimentation; it’s about strategic value. Business leaders must carefully consider how to implement generative AI, examining workloads and architectural efficiency.
Hybrid cloud environments allow operators to manage mainframes alongside modern tech. However, as seasoned mainframe experts approach retirement, bridging the skills gap becomes critical.
Companies should plan for a future where public and hybrid cloud environments drive business results while managing costs and skills shortages. Remember, cloud isn’t just a trend; it’s a strategic move toward a resilient, efficient future.
Datafication gets in focus
The emerging tech trend of datafication is reshaping how businesses operate. Organisations gain easier management, tracking, and monitoring capabilities by converting various business elements into structured data. But it’s more than just data — it’s about actionable insights and informed strategic decisions.
A closer look at the datafication market reveals a projected Compound Annual Growth Rate (CAGR) of 12.3% in the coming years. By 2032, this transformative approach will reach a substantial USD 883 billion.
Its implications extend beyond mere numbers; datafication represents a paradigm shift in data handling. Real-time customer information becomes a powerful tool for identifying inefficiencies promptly and implementing corrective measures.
Datafication is poised to redefine how businesses in Australia process and utilise data, offering dynamic solutions for the future.
Rise of edge analytics
Businesses often grapple with massive data volumes in this era of interconnected devices and rapid AI evolution. Enter edge analytics — a transformative solution that prioritises localised data processing at the source: the edge. This decentralised approach filters data swiftly, preserving critical insights for real-time decision-making.
As we step into 2024, organisations are increasingly adopting edge analytics for immediate data processing. The edge analytics market is poised for substantial growth, offering tailored solutions to diverse business needs.
This flexible, efficient approach becomes a strategic imperative, guiding businesses through data complexities and fueling success in the AI-driven landscape.
Sustainable technological advancement
Hitachi Vantara’s recent survey reveals that 60% of IT business leaders and C-suite executives prioritise eco-friendly data centres. As we enter 2024, this commitment to sustainability is set to intensify.
What sets this trend apart is the emphasis on cutting-edge technology and a reevaluation of storage and software practices. Integrating advanced AI systems becomes crucial — predicting usage patterns and optimising workloads for energy efficiency. Think of it as powering down applications that are not in active use, minimising unnecessary energy consumption.
Master the trends with the right talent
Thriving in this dynamic environment hinges on acquiring the best possible talent.
This is where IMS People Possible steps in. We are attuned to the latest IT trends and the specific skill sets required to capitalise on them.
We can help you build a team equipped to:
- Implement and manage cutting-edge AI solutions
- Design and execute strategic cloud migrations
- Leverage datafication to gain actionable insights
- Optimise operations with real-time edge analytics
- Contribute to a sustainable IT future
Proactivity, not reactivity, is the key to navigating the ever-changing IT landscape. Don’t let the talent gap hinder your ability to embrace these transformative trends. Contact IMS People Possible today and let us help you build the IT dream team for success in 2024 and beyond.
