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Five Key Trends in AI and Data Science
for 2024

Five Key Trends in AI and Data Science for 2024

Five Key Trends in AI and Data Science for 2024

Sara Gilbert, Ph. D.

Jul 29, 2024

Generative AI has very quickly captured widespread attention over the past several years; however, its practical application in business has remained nascent. Data quality and strategy are what continue to be paramount for unlocking generative AI’s full potential. In order to maximize value, companies are beginning to centralize data, analytics, and technology under unified leadership, demanding strategic insight and the ability to translate insights into actionable business outcomes. In an article for MIT Sloan Management Review entitled “Five Key Trends in AI and Data Science for 2024,” Thomas H. Davenport and Randy Bean note:

“Production deployments of generative AI will, of course, require more investment and organizational change, not just experiments. Business processes will need to be redesigned, and employees will need to be reskilled (or, probably in only a few cases, replaced by generative AI systems). The new AI capabilities will need to be integrated into the existing technology infrastructure. Perhaps the most important change will involve data — curating unstructured content, improving data quality, and integrating diverse sources. In the AWS survey, 93% of respondents agreed that data strategy is critical to getting value from generative AI, but 57% had made no changes to their data thus far.”

Fr0ntierX recognizes the critical importance of these challenges and offers a comprehensive platform designed to address these concerns. By providing advanced architecture for data protection and integration, Fr0ntierX allows enterprises to protect sensitive information at all times – whether data is at rest, in transit, or processing. Additionally, our robust access management solutions ensure that only authorized personnel can access and utilize data, mitigating the risks of data breaches and unauthorized access.

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© 2024 Fr0ntierX Inc. All rights reserved. Janus and the Janus logo are trademarks of Fr0ntierX Inc.

© 2024 Fr0ntierX Inc. All rights reserved. Janus and the Janus logo are trademarks of Fr0ntierX Inc.

© 2024 Fr0ntierX Inc. All rights reserved. Janus and the Janus logo are trademarks of Fr0ntierX Inc.