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All issuesVolume 310, Issue 2IT NewsBig Data

2024: The Year Of The Data Product? 10 Predictions For Big Data

database trends and applications, Wednesday, January 10th, 2024

AI caught everyone's attention in 2023 but with more eyes on data and analytics than ever before, it's become clear that it's not the only solution on the market that can assist companies in gaining value from their data.

"Expect 2024 to be a year of transformation and change driven by adoption of AI and a reshaping of the data, analytics, and AI leadership role within leading companies," said Randy Bean, industry thought leader who currently serves as innovation fellow, data strategy, for global consultancy Wavestone. "With 33% of midsize to large organizations having appointed or in search of a chief AI officer, and with 83.2% of leading companies having a chief data and analytics officer in place today, it is inevitable that we will witness consolidation of roles, restructuring of responsibilities, elimination of some positions, and some critical rethinking of data and AI leadership expectations during the course of 2024."

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