2024 Innovation and Trends to Watch

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The world of innovation is wildly fascinating and constantly developing. At the CES conference in Las Vegas, some of innovation's biggest names display their newest creations for the world to see. The fact that any one of these creations could develop into a groundbreaking innovation with global reach is exciting. This year, innovations varied from entertainment to transportation, with predicted tech trends affecting inventions in all these areas.

Standout Innovations

TVs and display screens constantly develop as companies seek to upgrade their products with bigger screens and clearer resolutions. Samsung and LG both announced their latest contributions with the potential for use in marketing for businesses and the entertainment industry.

Transparent Displays

LG's groundbreaking announcement of its transparent displays generated significant interest. There are various potential uses for transparent displays in many fields. One such use is marketing in businesses. Using a transparent display to advertise a product in a store-front window would allow customers to see a snapshot of the store's most eye-catching product while also being able to see beyond the store's advertisement into the store. Transparent displays can be used in unexpected situations, making them all the more unique.

Larger Screens

Screens on different devices have progressively gotten larger over the years. With a 180-inch screen displayed at the convention, it is hard to see how a large screen would be practical for viewing in the average house. However, companies are not just making displays for the intended purpose of watching movies or TV. A recent surge in the gaming industry has companies taking notes on improving their displays to target this audience better. The focus on size has shifted. Companies focus on improving color, size, and refresh rate so gamers can enjoy better posture, less eye strain, and better experiences.

Transportation

Innovations in transportation have evolved to heights that once seemed impossible. The idea of flying cars was a concept that seemed almost mythical for many years, but it is now something that could be obtainable soon. At CES, through a simulation, people could experience what it would feel like to be in a flying car. Bringing this experience to life infused it with an exciting outlook for the future of transportation.

Robotics

While robotics have found applications in various industries, from restaurants to factories, they have not yet become mainstream in households. Various companies have shown interest in robotics and have contributed to advances in that area. Work still needs to be done, but humanoid robots that can assist in households could be a sooner reality than we think.

Predicted Trends for 2024

With so many wonderful innovations on display this year, one can conclude three factors. The first is that every company appeared to use some form of AI. AI isn't as exclusive as it once was, so companies using AI must find other ways to differentiate themselves from each other. One such way that companies using AI can stand out is by investing in quality training data that is specific to their use cases. As AI becomes mainstream, companies must find ways to stay ahead of the competition and remain relevant.

The second trend is on most people's minds, from consumers to producers. The state of the economy has people worrying about employment and whether they will have funds to afford housing, food, and other necessities. Companies worry about whether consumers will be spending and willing to buy their newest products. This can be concerning for innovators as finding funding during uncertain times can be extremely difficult. Even with funding, another concern is whether consumers in many households across the US will be willing to buy a new product when disposable income is used for necessities.

The third trend, innovation confidence, is vital for success in businesses. The conference exuded a palpable excitement for the future of innovation as presenters and workers, representing their beliefs, contributed to the atmosphere. Even though times are uncertain, innovation continues to thrive as our world needs new perspectives and solutions.

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Conclusion

Innovation is reaching transformative heights as new technological, transportation, and entertainment inventions surge. With these changing innovations, predicting trends will help companies maintain a competitive edge that will keep consumers interested now and in the future.

To learn more about the new trends at CES 2024, listen to this week's show: 2024 Innovation and Trends to Watch.

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