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AI: Top 10 Predictions, 2024

  • Report

  • 17 Pages
  • December 2023
  • Region: Global
  • Frost & Sullivan
  • ID: 5934515

Future Growth Opportunities for Innovation and Transformation with AI Industries

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.

The analyst 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.

Table of Contents

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

Next Steps