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11 data predictions for AI-centric enterprise growth in 2024

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The year 2023 was all about adopting generative AI and foundation models. However, as organizations raced to bring gen AI front and center in their workflows, they realized how important it was to get their data affairs in order.

While companies always understood the role of high-quality data in business success, the rise of gen AI reinforced its value, making sure it was the point of focus for everyone. Now, as we head into 2024, which is set to bring even bigger gen AI stories, leading industry experts and vendors share their predictions on how they expect to see different sides of the data ecosystem evolve in the coming months. 

  1. Relational will break free of SQL (Structured Query Language)
  2. Vector databases will become the most sought-after technology
  3. Fishing for LLM gold in enterprise data lakes
  4. Companies without sophisticated enough automation to power AI will feel the burn
  5. Cloud FinOps(financial operations)  teams will optimize their data pipelines
  6. Intent data will become a must-have for go-to-market teams
  7. Data and business teams will lock horns over onboarding AI products
  8. Enterprises will get a double whammy from real-time and AI
  9. Knowledge graphs will help users eliminate data silos
  10. AI will change the current approach to data management
  11. The role of Chief Data Officer will become a prerequisite for CIO(chief information officer) hopefuls

Source:Venture Beat