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The growing adoption of Big Data and predictive analytics

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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. 

The integration of Artificial Intelligence (AI) into business operations marks a transformative era, enhancing efficiency and innovation across industries. From revolutionizing HR with automated recruitment to aiding early disease detection in healthcare, AI's impact is profound. It enables predictive cybersecurity, personalized customer interactions, and accelerated software development in IT. 

Lots of news from technology vendors and modern cases on how to use data analytics for operations excellence – this is what March brought us this year.

In this issue we looked at the drivers and bright trends in retail. AI will undoubtedly be the leader among technologies for several years ahead in retail, and in the economy in general. Its emergence in wide access has opened up incredible opportunities for improving business efficiency.

“Before the automation introduction, the process was complicated by the fact that the address system was stationary, not dynamic. We could not automate serial and batch accounting of products. It was not possible to automate the warehouse replenishment processes, both planned and on order. The accounting system did not reflect all goods movements,” says Alexander Permyakov, head of the warehouse complex.

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