Information Technology

AI: Top 10 Predictions, 2024 Updated Research Available

Future Growth Opportunities for Innovation and Transformation with AI Industries


RELEASE DATE
21-Dec-2023
REGION
Global
DELIVERABLE TYPE
Market Outlook

RESEARCH CODE
PF7A-01-00-00-00
SKU
IT_2023_488
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AI: Top 10 Predictions, 2024
Published on: 21-Dec-2023 | SKU: IT_2023_488

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In the realm of technological progress, artificial intelligence (AI) has emerged as a transformative force with the potential to reshape industries
of the future. 89% of enterprises believe Generative AI technology will be a disruptive technology for enterprises to create strategic market differentiation. As AI evolves, its profound impact on businesses, economies, and societies makes it a pivotal technology in the digital landscape
of an enterprise. AI is poised to drive unprecedented changes that redefine the very fabric of industries, including revolutionizing manufacturing processes, automating workflows, personalizing service portfolios, enhancing customer experience (CX), and augmenting business growth.

Frost & Sullivan expects accelerated adoption of AI in 2024, with enterprises focused on building data readiness for AI, using a multimodal approach to use case deployments, and adopting best practices in ethical AI. These predictions offer ample growth opportunities for vendors and ecosystem players to capitalize and emerge at the forefront of the AI industry.

Author: Hemangi Patel

Strategic Imperatives

Top 10 Growth Opportunities

Growth Opportunity 1: Generative AI Solution Development and Deployment Services

Growth Opportunity 2: Implementation Platforms

Growth Opportunity 3: System Integration Services

Growth Opportunity 4: ICT Advisory Services

Growth Opportunity 5: Data Readiness and Management

Growth Opportunity 6: Applied AI Applications

Growth Opportunity 7: Edge AI Datacenter Infrastructure

Growth Opportunity 8: Responsible AI

Growth Opportunity 9: Multimodal Foundational Models

Growth Opportunity 10: Conversational AI

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