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Quali 2024 Predictions: Costs, Security and Rapid Change to Define 2024


Industry executives and experts share their predictions for 2024.  Read them in this 16th annual series exclusive.

Costs, Security and Rapid Change to Define 2024

By Lior Koriat - CEO, Quali

Over the past couple of years, economic pressures, global cybersecurity concerns and significant advancements in technologies like artificial intelligence have exacerbated many of the challenges that businesses struggle with and are having to prioritize. In 2024, the three most impactful technology trends we'll see will involve managing growing cloud costs, taking advantage of artificial intelligence technologies, and shifting left for infrastructure security.

Businesses Will Continue Grappling with Cloud Costs

Cloud cost waste now totals-by some estimates-more than 150 billion dollars globally. Due to ongoing economic uncertainty coupled with existing inflationary pressures and other global economic factors, managing cloud costs will continue to be one of the biggest challenges and a pressing initiative for most businesses over the coming year. These economic factors are forcing companies to cut budget and find efficiencies for their tech stacks.

Cloud consumption is particularly difficult to track and manage for enterprises with large developer organizations who have infrastructure running for different purposes throughout multiple stages of the pipeline. FinOps tools and processes alone are no longer sufficient to tame cloud waste because FinOps tends to be retroactive and seeks to find justification for cloud costs that are already incurred. On top of that, without the proper mechanisms in place, it is difficult to associate cloud resources with their business context such as who is consuming those resources and for what purpose? Without that, the business doesn't have the necessary information to budget, plan, forecast or prioritize cloud spend.

Organizations will need to take a proactive, operational approach to eliminate and prevent cloud waste before it even happens by embedding policies and guardrails into the infrastructure orchestration process, and they will need to find the right tools that can do so without stifling innovation.

Artificial Intelligence Will Significantly Impact Technology Companies

In 2023, artificial intelligence, machine learning and technologies using large language models had an outsized impact on accelerating the rate of technological innovation. As a result, I think we'll start to see nearly every technology company incorporating the capabilities of AI into their offerings. In fact, the growing availability of AI technologies and the ability to incorporate such technologies into their offerings will lower the barrier to entry for many companies while others will need to use AI in their products, services and processes just to keep up with the market.

Businesses will also grapple with the risks inherent in using AI technologies like copyright infringement, intellectual property rights, security threats, and the like. This frontier in technological advancement raises a lot of unknowns for which both governments and the business community have yet to get a handle on.

Knowledge attrition is another major concern, particularly for developers who may avail themselves of AI to write code. Since that knowledge will no longer need to be retained at the same level, many will become more dependent on AI, and the market will favor those who are adept at using it.

Cloud Infrastructure Security Will Shift Left

Security will continue to be a major concern, particularly for enterprises with large DevOps organizations who instantiate a lot of infrastructure in the cloud. But the way IT teams approach cloud security will need to change.

We'll see a shift from simply monitoring to a more proactive shift-left approach to security. Cloud environments will have to integrate security elements beyond just adhering to security policies. Security and compliance protocols will become part of the standard orchestration of cloud environments to standardize and secure them prior to being deployed. Security considerations will increasingly need to become an integral part of all products and services.

Next Year Will Be Defined by the Rapid Pace of Change

Technology has always served to make the world "smaller", but it has also made it much more complex. We're now seeing an exponential acceleration in the pace of change, faster now with the introduction and widespread use of AI. As a result, technology companies will be racing to get ahead and to address the financial, technological and security challenges that have been thrown into sharp relief by the rapid pace of change.




Lior Koriat 

Lior Koriat has served as Quali's CEO since November 2008. Lior previously served as COO and Vice-President of R&D since the beginning of 2007. Prior to Quali, Lior was founder and CEO of Intellitech Engineering in Israel and has 25 years of experience in system and software engineering in the fields of automation, infrastructure, real-time and embedded applications, robotics, and avionics. Lior led and managed large scale and complex technology programs in the fields of cloud, autonomous vehicles, airborne systems, flight simulation, and C4I systems. He holds a bachelor's degree with honors in computer science and economics from Tel Aviv University.

Published Monday, December 04, 2023 7:35 AM by David Marshall
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