How To Read Gartner’s Magic Quadrants & 2024 Predictions
Data Mesh vs. Data Meh | 2024 AI Keyword: Adoption | 2024 “Hottest Enterprise Tech” is…
More on “How To Read Gartner’s Magic Quadrants: 5 things you should know”.
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Data and AI Trends for 2024
Rich and deep Analysis of what matters in 2024 and beyond by my friend Sanjeev Mohan and his friend Rajesh Parikh here. Lots in the piece. My TLDR;
- Data Mesh is in the decline. This is consistent with my survey over the past two years. More details here. Sanjeev explains that the “Data Mesh Decline” comes from “semantics”.
- Intelligent Data Applications are hot. I called it the “Enterprise Tech of 2024” in my CarCast. Sanjeev and I are on the same page here. I tend to disagree with “Data Products” being “stable”. My observations is that “Intelligent Data Apps” are “Data Products”.
- AI governance is what’s required to make the new breeds of applications work. Sanjeev proposes a great framework for AI Governance for training, fine-tuning and inference.
Great framework to categorize trends: Rising, Stable and Declining. It’s difficult to predict the future so indicating trends is a great way to think about it!
Data Mesh or Data Meh?!
In his analysis, Sanjeev Mohan says that “one of the biggest successes to come out of the data mesh movement is data products“. I agree. Simply put, The Data Mesh hasn’t lived up to its expectations. See below what we all thought on December 2022…and see what’s happening now.
December 2022
December 2023
2023: The Year of the Semantic Layer?!
Great blog by my friend Jen Grant. I worked on this problem for many years and I’m a big believer of the category. Jen’s blog details the data stack’s 3 waves as coined by former Looker’s CEO Frank Bien: Monoliths, Chaos and Now! :). I’m also delighted to see an analyst (my friend Andrew Brust) put a stake in the ground and publish a research piece on this. It’s historically been difficult I think for traditional Analyst Firms to provide guidance in this field. I’m happy Andrew started it this year!
I’m reminded that, as our survey indicated it, little has been expected of the Metric Store so we’ll have to keep watching the trend!
Gartner’s predictions, not just for 2024 but for 2033!
Insightful landing page from Gartner highlights some interesting predictions, namely:
- Through 2026, despite all the advancements in AI, the impact on global jobs will be neutral — there will not be a net decrease or increase.
- By 2033, AI solutions will result in more than half a billion net-new human jobs.
- By 2030, decisions made by AI agents without human oversight will cause $100 billion in losses from asset damage.
More here.
Alan Duncan and Sarah James are also running a webcast to dive into Gartner 100 Data & Analytics Predictions Through 2028. 3 in particular caught my attention
- By 2025, 55% of IT will adopt data ecosystems, consolidating the vendor landscape by 40%, thereby reducing cost while reducing choice.
- By 2026, 50% of BI tools will activate users’ metadata, offering insights and data stories with contextualized journeys and actions.
- By 2028, investment levels in AI will decline to 10% that of 2023, after disappointing progress in overcoming AI limitations and AI scandals that’ll erode public trust.
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EXTRAS
And the “Hottest Enterprise Data Tech of 2024” is…Intelligent Applications!
….let’s see what 2024 brings!
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