The “2024 DATAcated Trends & Predictions” report, featuring insights from twelve data experts, including Shashank Garg, Co-Founder & CEO of Infocepts, offers a forward-looking perspective on the data technology landscape.
Garg highlights the challenges Chief Data Officers faced in delivering tangible business value in 2023 amidst the growing buzz around Generative AI and the uncertain impact of emerging Data Mesh and Data Fabric vendors. His predictions for 2024 emphasize a shift towards simplifying data technology stacks in response to cost pressures. He predicts a stronger focus on managed solutions to enhance data trust and foresees AI becoming an integral part of the Data-to-Insights process, leading to the rise of hyper-productive engineers. He underscores the essential role of Data Enablement in effectively deploying AI technologies.
The report also outlines several key data trends for 2024:
- Data Governance and Observability: Transition from passive observation to active data governance.
- Generative AI and LLMs: Shift from hype to practical, ROI-driven AI applications.
- Data Privacy and Security: Increased regulatory focus on responsible data use.
- AI Integration and Ethics: AI mainstreaming in tools and products with ethical considerations.
- Efficient and Accessible AI: Enhancing human capabilities, making AI accessible to wider audiences.
- Data Modernization and Automation: Continued investment in modernizing data processes and governance.
- Practical, Business-Oriented AI Applications: Moving towards industry-specific, ethical AI solutions.
Collectively, these trends indicate a shift towards more responsible, efficient, and practical applications of AI and data technology across industries, as envisioned by leading experts in the field.
Download the ‘2024 DATAcated Trends & Predictions’ report now to gain deeper insights into the future of data technology and stay ahead in the evolving world of AI and analytics.
