Quantum Computing
Quantum computing, is a new kind of computing that’s still in its early stages, but it has the potential to change how we handle data. In 2024, we expect more businesses to start looking into quantum computing.
Instead of using regular bits like in normal computers, quantum computers use something called qubits. These qubits can be both 0 and 1 at the same time, unlike regular bits which can only be one or the other. Because of this, quantum computers can do certain tasks much faster than regular computers.
According to a company called MarketsandMarkets, the global market for something called quantum computing is expected to get bigger. They say it was worth $472 million in 2021 and could grow to $1.7 billion by 2026. That’s a pretty big increase, about 29% every year. They also say that industries like banking, finance, and insurance will be the biggest users of this technology.
Another report by McKinsey, from 2022, thinks even bigger. They say that by 2030, this market could be worth a whopping $1 trillion! This shows that quantum computing, a new data technology, has a lot of potential.
Real-time applications of quantum computing:
- Drug Discovery: Quantum computing helps find new medicines faster by quickly simulating how molecules interact.
- Optimization: Quantum computing is great at making complicated systems, like supply chains, work better.
- Cryptography: Quantum computing might be able to crack regular codes, so we’re working on new ones that it can’t break.
Top 10 Big Data Trends For 2024
Today, we live in a new digital age where things like Artificial Intelligence and Machine Learning have changed how businesses and society work. Big data trends have become important for understanding what’s happening in the market and making decisions for businesses. With so much data available, companies want to find better ways to use it. Big data trends have been especially helpful during the COVID-19 pandemic, boosting sectors like healthcare and online shopping.
It is expected that the big data market is going to shoot up to 200 USD Billion by 2025. So, let’s check out the Top 10 Big Data Trends for 2024.
List of Upcoming 10 Big Data Trends For 2024
- Growing IoT Networks
- More Approachable Artificial Intelligence
- The Rise of Predictive Analytics
- Cloud Migration of Dark Data
- The Rise of Chief Data Officers
- Quantum Computing
- Smarter and Tighter Cybersecurity
- Endpoint Security
- Cloud Security
- Open Source Data
- Data Democratization
- Data Ethics
Contact Us