More Approachable Artificial Intelligence
In the future, analyzing data will be easier for businesses, big or small. This is because new tools and platforms are being made that make it simpler to use artificial intelligence (AI). AI helps in understanding and using data better. This trend of making AI accessible to everyone is expected to continue in 2024. It means AI will be easier to get and cheaper, especially for small and medium-sized businesses.
One big change is the rise of low-code and no-code AI platforms. This means businesses can make and use AI models without needing to be experts in coding. This shift is a big deal because it means more businesses can benefit from AI without needing a lot of technical know-how.
AI is becoming more human-like with the rise of natural language processing (NLP) and conversational AI, making it user-friendly for businesses, while Forbes Advisor predicts the AI market to reach $407 billion by 2027, with a projected 21% GDP increase by 2030 and 64% of businesses expecting enhanced productivity, based on a Forbes Advisor survey.
Real-time applications of AI:
- Chatbots: Smart computer programs called chatbots help customers online. They can answer common questions, give support, and even help with buying things.
- Predictive Maintenance: Computers use AI to guess when machines might stop working. This helps businesses fix them before they break, avoiding problems.
- Fraud Detection: AI is used to find fake transactions. It helps stop people from stealing money, protecting businesses from losing cash.
Top 10 Big Data Trends For 2024
Today, we live in a new digital age where things like Artificial Intelligence and Machine Learning have changed how businesses and society work. Big data trends have become important for understanding what’s happening in the market and making decisions for businesses. With so much data available, companies want to find better ways to use it. Big data trends have been especially helpful during the COVID-19 pandemic, boosting sectors like healthcare and online shopping.
It is expected that the big data market is going to shoot up to 200 USD Billion by 2025. So, let’s check out the Top 10 Big Data Trends for 2024.
List of Upcoming 10 Big Data Trends For 2024
- Growing IoT Networks
- More Approachable Artificial Intelligence
- The Rise of Predictive Analytics
- Cloud Migration of Dark Data
- The Rise of Chief Data Officers
- Quantum Computing
- Smarter and Tighter Cybersecurity
- Endpoint Security
- Cloud Security
- Open Source Data
- Data Democratization
- Data Ethics