Overview

Frost & Sullivan identifies the year 2024 to be the year of convergence of novelty and necessity witnessing a paradigm shift to the mainstream adoption of artificial intelligence. The retail experience will be completely transformed by the developments in social commerce and metaverse that are driving eCommerce.

Additionally, a more individualized and decentralized digital ecosystem shall become possible with the implementation of Web 3.0. Prescriptive analytics and the development of behavioral digital intelligence will enable advanced data analytics for businesses.

AI-powered cyber resilience will prove a critical instrument for safeguarding our digital assets and expediting decision-making while we traverse unprecedented challenges.

On the sustainability aspect, carbon accounting will be strongly adopted as a source of data for the transparency movement that helps guide values-based purchasing. It will drive tangible accountability that ultimately will be seen as a source of awareness for conscious investors.

• How will the development of new battery chemistries that will have the potential to provide cheaper, denser, lighter, and better thermal stability and innovations in the lithium-ion battery space impact growth? 
• How will the data privacy and security risks and stringent rules from governments of various economies on data privacy concerns impact the growth and adoption of digital developments?
• How can businesses establish an ethical data sourcing approach along with regulatory enforcement and promote the same by offering relevant training and compliance programs for operators and supervisors?