Google has released its 2023 Data and AI Trends Report, with a number of points it believes will become more prevalent in the coming months and years.
IN blog (opens in a new tab) Discussing the report, Google Cloud Data & Analytics VP Gerrit Kazmaier and Google Cloud Databases VP Andi Gutmans explain how addressing these five trends will help companies stay relevant and competitive.
The research will also benefit Google in its efforts to simplify data integration, increase AI adoption, and meet security requirements.
Cloud and AI Trends 2023
Google estimates that in the years leading up to 2026, more than eight in 10 (82%) organizations will move out of data silos as they work to implement a more integrated cloud data platform. The company’s cloud division hopes to improve the way its users store, manage, analyze and govern their data with an emphasis on cost optimization.
The study also confirms the drive towards open source solutions that prevent lockdowns, which they say is critical for rapid AI adoption, faster development cycles and increased return on investment.
Artificial intelligence is also projected to reach a “tipping point” by 2025, and consumers have already demonstrated how eager they are to use the technology with popular tools such as ChatGPT OpenAI and the upcoming Google Bard. Statistics suggest that by this year, 90% of new enterprise app releases will include built-in AI capabilities.
It is also said that analytics and insights will receive a significant boost in the near future as companies look to achieve more efficient decision-making and investments in data and AI have already increased over the last 18 months.
Finally, the way companies process data via cloud storage needs a significant change. Numerous compliance regulations and mandates require different types of data retention, and a generic approach can put businesses and their customers at risk. While the exact solution remains to be determined, more than three-quarters (77%) of companies are striving to improve their ability to classify data and enforce better security and privacy controls.
As we look ahead to the coming years, it is clear that how we handle data will become even more important, with AI helping to improve many of our current business operations.