IDC FutureScape: Worldwide Data and Analytics 2024 Predictions
This IDC study provides IDC's 2024 top 10 predictions for data and analytics technologies applied to data analysis and decision support, augmentation, and automation use cases."Although data and analytics technologies have existed and have been leveraged for decades, the emergence of GenAI and maturation of classic AI/ML have created an environment of great expectations and great concerns for all organizations. In this IDC study, we present the top 10 predictions for organizations to consider when reassessing their data and analytics plans in era of AI," said Dan Vesset, group VP, Data, Analytics, Decisioning, and Enterprise Intelligence at IDC.
Please Note: Extended description available upon request.
- IDC FutureScape Figure
- Executive Summary
- IDC FutureScape Predictions
- Summary of External Drivers
- Predictions: Impact on Technology Buyers
- Prediction 1: By 2024, Data Valuation Initiatives Will Become Standard in Quantifying Internal Data, AI, and Analytics Project ROI and in Acquisition Valuations But Will Be Hampered by Inconsistent Methodologies
- Associated Drivers
- IT Impact
- Guidance
- Prediction 2: By 2025, the Combination of Geolocation and Business Analytics Will Be Ubiquitously Used by All G2000 Companies, Leading to Greater Precision and Personalization of AI-Enabled Solutions
- Associated Drivers
- IT Impact
- Guidance
- Prediction 3: By 2025, Adoption of GenAI-Driven Data Intelligence and Integration Software Will Result in a New Automated Data Control Plane, Resulting in at Least a 25% Increase in Data Engineers' Productivity
- Associated Drivers
- IT Impact
- Guidance
- Prediction 4: By 2025, 66% of G2000 Will Adopt AI-Driven Headless BI and Analytics with Chat, Q&A, and Proactive Notification Functionality, Quadrupling the Number of Users with Access to Contextual Information
- Associated Drivers
- IT Impact
- Guidance
- Prediction 5: By 2026, GenAI Will Be Deployed to Spot Inconsistencies Across Internal Planning Models and External Economic Forecasts, Resulting in Doubling of New Cross-Functional Enterprise Planning Initiatives
- Associated Drivers
- IT Impact
- Guidance
- Prediction 6: By 2026, the Differential in the Velocity of Tech Vendors' Releases and Tech Users' Adoption of AI-Driven Data and Analytics Software Will Double Spending on Reskilling and Change Management
- Associated Drivers
- IT Impact
- Guidance
- Prediction 7: By 2027, GenAI Will Help Equalize Spending on Unstructured and Structured Data Processing and Analysis Software, Doubling Unstructured Data's Productive Use
- Associated Drivers
- IT Impact
- Guidance
- Prediction 8: By 2027, the Need to Combine Dual Representation of Enterprise Knowledge Will Lead 50% of G2000 to Combine Vector Embeddings Stored in Vector Databases with Graph Databases for AI Model Training
- Associated Drivers
- IT Impact
- Guidance
- Prediction 9: By 2028, 75% of G2000 Will Use LLMs to Speed Development of Ontologies, Which in Turn Will Guide Firm-Specific LLM Training to Enable Knowledge Management and Decision Intelligence
- Associated Drivers
- IT Impact
- Guidance
- Prediction 10: By 2028, the Tenure of the Average CDO Will at Least Double, Reflecting Business Executives Evolving Understanding of the Path to Greater Enterprise Intelligence, Data, and AI Value Creation
- Associated Drivers
- IT Impact
- Guidance
- Advice for Technology Buyers
- External Drivers: Detail
- AI Everywhere — Generative AI Takes the Spotlight
- The Drive to Automate — Maximizing Efficiency and New Opportunities
- The Digital Business Imperative — Competitiveness and Outcomes
- Shifting Tech Regulatory Landscape — Navigating Risk and Opportunity
- Learn More
- Related Research
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