1、82TECHNOLOGY TRENDS THAT WILLAND WONT SHAPE 2Dear Colleagues,In the last edition of our yearly predictions,we outlined that 2023 was going to be a tough year.We pointed out that war,inflation,political upheaval,energy shortages,and the ongoing fallout from a global pandemic would create persistent h
2、eadwinds in the market.We also identified that labor shortages,supply chain issues,falling consumer sentiment,and rising input costs would squeeze many markets.These all largely came true and all significantly impacted tech sector development.When we look at the backdrop for 2024,we are still seeing
3、 many of the 2023 trends impacting fortunes.Inflation is persistently high in some markets,cost squeezes are still there,demand has fallen thanks to reduced purchasing capacity and power,and many of the global powerhouse markets such as the United States,Germany,and China are in historically long bu
4、t shallow manufacturing recessions.Monetary policy is myopically focused on taming inflation and this is also having an impact on the ability to fund tech development.This is a particularly bleak perspective,but it must be tempered with the notion that there are some green shoots.Inflation is fallin
5、g,central banks policies are on the cusp of changing tack and job markets are recovering.The global political landscape is the one outlier not on the trajectory to positive movement.That withstanding,2024 could be a watershed year as we collectively turn a corner.It wont be smooth and it wont be lin
6、ear,but 2024 holds the promise of technology providing the acceleration engine to move us out of the past few years in the doldrums.When we look at the technology space,it is clear that Artificial Intelligence(AI)will be a driver.It will permeate,improve,and optimize many functions as the landscape