In 2023, we have seen artificial intelligence play a significant role, and here are five data trends that we believe will become more widespread.

November 20, 2023
Artificial Intelligence (AI)
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2023 is rapidly approaching its end, and it is now time to reflect on the trends and tendencies we have experienced so far in 2023. We can also begin to comtemplate which of these tendencies might continue and shape 2024. Here are 5 datatrends that are likely to become more widespread in the coming years.

Companies are shifting from traditional data warehouses to real-time data storage.

In 2023, a continued movement is expected from traditional data management towards more advanced storage solutions which have the capacity to analyze and respond to data in real-time.

Organizations and companies will focus on processing data as soon as it becomes available and store it in a user-friendly manner for reporting purposes.

Whether it is monitoring IoT data from machinery or e-commerce traffic, it will be crucial to identify real-time trends to avoid costly errors and capitalize on opportunities as they arise.

Data is regarded as an organic mass.

Business leaders will begin to recognize data as an organic resource with areal lifecycle. Similarly,they will track data that has potential to be turned into products andopportunities to be included as part of the final product.

Understanding the scope and breadth of data at any given point - whether through the implementation of software packages or making decisions based on data - is something modern software users will expect.

The use of low-code and no-code AutoML is increasing.

In 2023, an increased availability of AI industrialization through low-code and no-code automated machine learning(AutoML) is expected.

These models will be accessible through self-service platforms and can be enhanced using packages of services for customization and deployment.

The use of computer vision in the industry is rapidly growing.

As the industrial Internet of Things (IIoT) evolves, companies will increasingly implement computer vision (CV) and other AI technologies.

These technologies can be used by operations personnel, not just IT and data experts. CV initiatives will primarily aim at improving yield, increasing operational efficiency, and ensuring increased safety.

Before politicians act, companies want to establish guidelines for artificial intelligence.

In 2022, the technology industry began to rally around a clear set of topics regarding the ethical use of artificial intelligence.

The latest indications in 2023 suggest that more companies are voluntarily developing actual guidelines for artificial intelligence. This involves creating frameworks and boundaries for specific risks and principles before the introduction of formal legislation.

At the same time, it is important for the industry to continue to communicate clearly and clarifyingly about artificial intelligence through clear examples and standard definitions that can reduce fears caused by the technology. In order for lawmakers not to act on a faulty basis, it is necessary to demystify AI and dispel any misunderstandings.

We at N3O are convinced that 2023 will be crucial for the future, and we both hope and believe that AI can and will play a significant role increating an improved world that applies to all industries, sectors, and socialstrata.

What is your opinion on this statement? Have we overlooked anything? Please feel free to contact us by phone or email if your company needs guidance in relation to its IT development for the benefit of growth and efficiency.