We Asked AI About The Industries Ready To Explode in 2024 — The Results Were Telling

Artificial intelligence (AI) has taken the world by storm. Every day there's a new story of how this technology is making the world a better place. One of its most powerful use cases is its ability to answer questions and provide guidance.

Recently, I asked ChatGPT to give me the seven industries poised for the most growth in 2024. For the sake of this exercise, growth is defined by market size and consumer awareness. 

While the results weren't far from what I would expect, there are some interesting tidbits here.

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Renewable energy is projected to see significant growth in 2024 as technology advances and the cost of clean energy sources like solar and wind continue to decrease. This industry benefits from global commitments to reduce carbon emissions and government incentives. Consumer awareness is rising as individuals and corporations prioritize sustainability, which boosts demand and fosters sector expansion.

The AI and ML industries are expanding rapidly as these technologies become integral to various applications, from data analytics to autonomous vehicles. Growth is driven by continuous innovation, increasing investment and gaining a broader understanding of AI's potential to optimize efficiency and create new market opportunities. This heightened awareness is pushing AI adoption across multiple sectors, such as healthcare, finance and manufacturing.

You can expect AI startups to continue their rise. Kliken, for example, uses GPT AI-powered marketing technology to provide small businesses with the service and outcomes of an outsourced digital marketing agency at a fraction of the cost.

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Biotechnology is experiencing a surge from its role in personalized medicine, genetic research and sustainable agricultural practices. Innovations in gene editing like CRISPR and the fight against rare and complex diseases propel market growth. The industry's visibility has increased as biotech companies share progress in disease control and crop yield enhancement, capturing public interest.

Companies like Starpax Biopharma fit into this category. Starpax is a biopharmaceutical company that specializes in developing a platform technology for cancer treatment, using magnetically guided drones (magnetodrones) to deliver chemotherapy directly to tumors. 

Anyone can invest in Starpax Biopharma online.

As digital transformation accelerates, so does the risk of cyber threats, making cybersecurity a rapidly growing industry. It is critical for protecting data across all sectors, driving demand for more advanced solutions. Awareness is also peaking as high-profile data breaches publicize the need for robust security measures, making it a top priority for consumers and businesses.

Telemedicine has witnessed exponential growth as healthcare seeks to increase accessibility and convenience while reducing costs. Its potential for expansion in 2024 is fueled by technological advancements, widespread internet usage and acceptance in regulatory frameworks. The pandemic elevated its profile, leading to better consumer awareness and a permanent shift towards digital health services.

The electric vehicle industry is set to grow as emission regulation becomes stricter and consumer preference for sustainability strengthens. Improvements in battery technology, infrastructure and a wider range of affordable models contribute to its growth. High oil prices and environmental concerns continue to raise consumer awareness and acceptance, supporting the expansion of the EV market.

E-commerce is primed for continued growth with advancements in supply chain technology, mobile commerce and personalized shopping experiences. As convenience remains paramount for consumers, online retail is evolving to include faster delivery options, augmented reality and enhanced security. The COVID-19 pandemic had long-lasting effects on shopping behavior, which is keeping the industry’s consumer awareness and market size on an upward trajectory.

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