The growing adoption of Big Data and predictive analytics

The growing adoption of Big Data and predictive analytics is fueling the data analytics and AI market growth and is expected to continue. That is with what we come to the end of this turbulent year. Analysts advise that the global data analytics market is projected to grow up to USD 329.8 Billion by 2030 with CAGR of 30% from 2022 to 2030. 
Market analysts’ estimates reveal that more than 181 zettabytes of data will be generated worldwide by 2025. And some of it will be added by OpenAI’s recent novice, ChatGPT. Revealed for public testing on November, 30th, this new AI tool reached 1 mln users within a week, thus becoming the most popular AI tool ever. Developers say That GPT generates text, audio and video in an unparalleled way. Its methods brought to life vivid discussions on whether AI in the form of ChatGPT or other tool will finally replace humans across diverse industries and areas of knowledge. 

18 countries have unveiled the first international agreement on how to protect artificial intelligence from irresponsible players. It aims to develop AI solutions that are "inherently safe".

On November 30, the professional IT community GlobalCIO hosted a large-scaled international conference "Global CIO Insights: Digital Transformation with AI". During the event, leading experts shared their practical experience in launching projects utilizing artificial intelligence (AI) and highlighted approaches that helped elevate their companies to new heights.

Voting for projects participating in the "Project of the Year" contest is open. The voting began on December 1st and will continue until January 15th inclusive. The winners will be announced on February 7th, 2024.

Online sales is one of the areas where the quality of IT tools directly affects business profitability. Kamza Nugumanov, CIO of Jusan store, tells about the experience of deploying a rapidly growing Kazakh marketplace.

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