Innovative Ways Companies are Using Tech in 2024

Companies that bring next-level innovations to the market

Leveraging the latest technology to empower greater efficiency or discover new insights is a sure way for any organization to gain a competitive advantage in the business world. The following list highlights leading companies from a variety of sectors that are providing game-changing tech solutions worthy of exploring.

Green tech

Green tech empowers companies to increase efficiency, lower costs, and meet the expectations of eco-conscious consumers. The following companies are leading the charge in developing eco-friendly and sustainable technologies.

  • General Electric: GridOS, a first-of-its-kind software solution developed by GE, was built from the ground up to address the unique needs involved with managing energy grids. It delivers the blend of resilience and reliability needed to empower the future of sustainable energy.
  • Siemens Gamesa Renewable Energy: Siemens takes sustainability to new heights by combining sustainable energy with green manufacturing. Its GreenerTower, which is a wind turbine made with sustainable steel, leverages a steel manufacturing process that reduces carbon dioxide production by 63 percent.
  • SkillFusion: SkillFusion is driving new levels of efficiency in the electric vehicle industry by providing a revolutionary software platform that supports and extends the EV landscape. The platform improves electric vehicle supply equipment uptime by effortlessly aligning skilled professionals with the precise expertise required to support EV expansion.
  • Sourcing Solutions International: For more than two decades, Sourcing Solutions International has brought sustainable solutions to the packaging industry. Its innovative hybrid hangers, which reduce plastic usage by 85 percent, are just one example of the eco-friendly options it provides to clients around the globe.
  • Oxidizers Inc.: Oxidizers Inc. is redefining eco-conscious excellence in the industrial sector by providing innovative clean air solutions. Its products and services make enhanced environmental responsibility possible for all industrial companies in 2024 and beyond, empowering a comprehensive approach to sustainability.

Artificial intelligence and machine learning

2023 was a breakout year for AI, with innovative tools like ChatGPT empowering countless business applications. The following companies are playing a key role in introducing new ways to enhance business impact with AI and machine learning.

  • Nvidia: As applications involving generative AI have proliferated, users have become more aware of — and more frustrated with — the risks of unreliable responses. Nvidia is addressing those concerns in 2024 by leveraging retrieval-augmented generation in AI workflows to clean up responses and improve user trust.
  • IBM: Scaling AI responsibly and reliably enterprise-wide is the next step for many organizations. IBM watsonx™ empowers organizations to take that step, providing a studio, data store, and toolkit for unleashing reliable AI workflows.
  • Standard DAO: Standard Work was developed by Standard DAO to provide organizations with a 24/7 autonomous solution that leverages machine learning to break down barriers for business users. It uses AI to make employees smarter and more fulfilled by “handling everything from procurement to contracting, all through the comfort of natural language interactions.”

Data storage and scalability

Deriving empowering insights from data starts with proper management. Some of today’s top tech providers are developing innovative and impactful tools for data storage and scalability.

  1. NetApp: Leveraging the power of AI to create seamless, dynamic, and high-performing storage solutions is at the core of NetApp’s platforms. Its innovative approach to storage and scaling allows businesses to develop a deep understanding of data and its value.
  2. Croit: Open-source technologies empower many innovative approaches to data storage, but they are often highly complex to operate. Croit solves the complexity problem by providing smart storage platforms that leverage Ceph and DAOS solutions.
  3. AWS: Amazon Web Services provides millions of customers with cloud-based data storage solutions. Among its latest innovations is Amazon Q, which leverages AI to mine cloud-based data for company-specific insights.

Blockchain and cryptocurrency

Blockchain technology brings decentralization to the business world, giving organizations the power to increase agility and security. Cryptocurrency, the most common use case for blockchain, opens the door for enhanced business activity in the world of Web3.

  • PDX Advisors: PDX Global PDX Coin will release the beta version of their core banking and payments product, PDX Beam, in early 2024. This new platform will operate at high speed, enabling instant real-time settlements in fiat currency, and massively reduce customer and merchant transaction fees. The platform circumvents the costly and fraud-ridden legacy card system, and eliminates the need for traditional payment processors and other middlemen, entirely. The new platform is set to disrupt the traditional payments markets and the global remittances market, a $750 billion industry.
  • Coinbase: A longtime leader in the world of crypto exchange platforms, Coinbase is ushering in a new age of efficiency for 2024 with innovations such as the Onchain Payment Protocol and Project Diamond, which brings the power of smart contracts to the crypto exchange process.

Augmented and virtual reality

AR and VR open the door to an immersive internet, where organizations can orchestrate enhanced engagement opportunities for consumers. Today’s top AR and VR developers are focused on improving the practical impacts of moving into the metaverse.

  • Meta: The new face of Facebook is one of the pioneers of the metaverse, seeking to deploy AR and VR in ways that drive new connections and inspire new interactions. For 2024, Meta’s plans include enhancing VR hardware to make the metaverse considerably more accessible.
  • Linezero: VR is transforming the future of work by enhancing training, collaboration, and flexibility. Linezero, a trusted Workplace from Meta Partner, guides enterprises in deploying VR solutions to improve connections, engagement, and productivity in the workplace.
  • Vive: Vive provides the hardware that opens the door to the metaverse, giving users the power to engage with Mixed Reality and Virtual Reality platforms. Vive’s latest innovations, which include VRChat, are expanding metaverse capabilities by freeing users from dependence on PCs.

Smart home tech

A more-connected home is a safer and more efficient home. Several leading companies are leveraging the IoT to take smart home tech to new heights in 2024.

  • Ecosense: The innovative home tech Ecosense provides saves lives by detecting and preventing overexposure to radon gas that causes lung cancer. Its cutting-edge technology takes radon monitoring to the next level by providing readings in a matter of minutes, whereas traditional radon detection requires days to get reliable readings.
  • Amazon: Amazon’s Alexa is a cornerstone of the smart home revolution, facilitating the connection of hundreds of thousands of smart devices. Moving forward, Amazon is incorporating the power of AI into its Alexa platform, allowing users to unleash the power of natural language processing.
  • Ring: Ring’s smart devices make the home safer, making intelligent security accessible to everyone. Ring’s latest model leverages cutting-edge tech to provide a more precise, efficient, and reliable tool for home security.

Autonomous vehicles

Autonomous vehicles leverage artificial intelligence and automation to improve the safety and efficiency of transportation. The latest tech advances in this field focus on increasing accessibility for both consumers and businesses.

  • Tesla: Tesla’s goal is accelerating the world’s transition to sustainable energy through innovations that include state-of-the-art electric vehicles. Tesla’s plans for 2024 include the mass production of autonomous robotaxis designed to make transportation more affordable and accessible.
  • Senpex: A leader in the last-mile logistics space, Senpex drives more efficient and reliable delivery by leveraging artificial intelligence and dynamic data analysis. Senpex’s cutting-edge technology tools, which include a revolutionary API integration platform, are opening doors for companies to easily and efficiently add autonomous vehicles to their delivery fleets.
  • Waymo: Launched as the Google Self-Driving Car Project, Waymo has become a leader in the autonomous ride-hailing industry. In 2024, Waymo’s futuristic transportation services will expand into a number of regions, including a greater presence in many California cities.

Pharmacy and medical tech

Tech advancements in recent years have allowed pharmacy and medical services to become more personalized, precise, and efficient. Leaders in this field are pushing even greater innovation through the use of AI, robotics, and automation.

  • Oracle Cerner: Cerner’s mission is to make healthcare more accessible and effective through technology solutions. Drawing upon the resources of Oracle, which acquired Cerner in 2022, the company is seeking to provide greater accessibility and security for health records by leveraging cloud computing capabilities.
  • Pharmacy Stars: Pharmacy Stars is a leading provider of software, services, integrations, and expert support for compounding pharmacy teams. Addressing the impact of both an increased demand for compounded sterile preparations and a shortage of compounding staff in 2024, the company is focusing its 2024 technology innovation on eliminating manual work and efficiency. Pharmacy Stars will also introduce its non-clinical microbiological decision support system, which leverages AI to reduce remediation time by up to 90 percent.
  • Epic Systems Corporation: The software developed by Epic allows for more informed healthcare by creating a single, comprehensive health record for each patient. Moving into the future, Epic is building even greater efficiency into its solutions by leveraging AI for automation, personalization, and more.

Cybersecurity

As organizations expand their digital footprints by investing in technology solutions, cybersecurity becomes a priority concern. Today’s leading cybersecurity providers are driving several innovation approaches that make controls more reliable.

  • Crowdstrike: The solutions provided by Crowdstrike empower greater endpoint security, threat intelligence, and attack response and containment. Crowdstrike’s latest innovations use the power of AI to extend cyber protections to more vulnerable endpoints via lightweight applications.
  • White Knight Labs: Offensive cyber engagements, which utilize penetration testing to identify cybersecurity weaknesses, are the specialty of White Knight Labs. Its customized cybersecurity services offer an enhanced level of protection for 2024, as reports reveal that cyber attacks are becoming more complex and more precise.
  • Pvotal Technologies: Pvotal’s approach to cybersecurity focuses on introducing automation into the development process to mitigate the weaknesses introduced by human engagement. Its LowOps solutions will provide developers with efficient development options for 2024 that are agile, flexible, and inherently secure.
  • ProServeIT: Companies trust ProServeIT to unlock their digital future. Essentially, the company's products and services enable any business to become a technology business, leveraging tech tools to achieve greater levels of efficiency and productivity. One of its priorities for 2024 is assisting companies to deploy AI-driven solutions for greater creativity and collaboration.

Finance

FinTech is having a revolutionary impact on the financial sector, allowing companies to streamline and personalize services in unprecedented ways. Companies that incorporate FinTech are providing their clients with better accessibility and a better return on their investments.

  • Embarc Advisors: Embarc, a leading M&A advisory firm, utilizes a tech-driven approach to buyer identification to produce better results for its clients. The versatility of the approach allows it to be effective in a wide range of sectors, from IT-managed services and healthcare technology to more specialized fields like retail display manufacturing and metal parts distribution. One of the key services Embarc will provide in 2024 is helping navigate mergers and acquisitions in a landscape marked by increased inflation.
  • Castle Funds: Castle Funds, led by President and CIO Peter Eberle, utilizes an integrated trading, fund management, and custody-secured platform to provide a turn-key solution for adding digital currency to a well-balanced investment portfolio. As investors track the development of Bitcoin ETFs in the coming months, Castle will stand as a proven guide to the investment potential those funds can provide and the proper way to incorporate them into a broader investment strategy.