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According to most analysts, the answer is an overwhelming yes with global investment expected to surge by around a third in the coming 12 months and continue on the same trajectory until 2028. Beyond transparency, a commitment to responsibleAI will be a priority as companies try to gain the trust of clients and consumers.
In addition, IDC predicts that there will be 1 billion new logical apps in existence by 2028, driven in part by AI. Meanwhile, integration of necessary apps, systems and data is a moving target. The only constant is change, as applications are replaced and modernized to cloud.
The Artificial Intelligence (AI) ecosystem has evolved rapidly in the last five years, with Generative AI (GAI) leading this evolution. In fact, the Generative AI market is expected to reach $36 billion by 2028 , compared to $3.7 What is Responsible Artificial Intelligence ? billion in 2023.
Organizations will need to find ways to incorporate their existing workforce into new workflows enabled by productivity gains from the incorporation of AI into operations. Maximize the advantages of artificial intelligence with IBM Watson Omdia projects that the global AI market will be worth USD 200 billion by 2028.¹
EVENT — ODSC East 2024 In-Person and Virtual Conference April 23rd to 25th, 2024 Join us for a deep dive into the latest data science and AI trends, tools, and techniques, from LLMs to data analytics and from machine learning to responsibleAI. Secondly, governments are investing in building their own internal AI capabilities.
Data is the fuel of AI applications, but the magnitude and scale of enterprise data often make it too expensive and time-consuming to use effectively. Because of the extremely high volume and various data types, most generative AI applications use a fraction of the total amount of data being stored and generated.
Equitable access to AI is essential to prevent a widening digital divide. The World Economic Forum and VivaTech launched the European Centre for AI Excellence (CAIE) to develop responsibleAI solutions. theguardian.com AI at the Brink: Preventing the Subversion of Democracy The year is 2028.
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