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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. 

In recent years, the term “Internet of Things” (IoT) has become one of the most popular in the tech world. It promised to connect billions of devices. The next stage was the Industrial Internet of Things (IIoT), which brought revolutionary changes to production processes. Today, a new term is coming onto the scene – AIoT (Artificial Intelligence of Things), combining the capabilities of the Internet of Things with the power of AI.

Sixty-eight IT executives from 15 countries, including Brazil, India, USA, Saudi Arabia, Turkey, Kazakhstan, and Indonesia participated in the project.

June 2024 was a very dynamic month for AI and data analytics market, marked by significant events, product launches, and industry insights.

Artem Kalivanov, CIO of Beeline Uzbekistan, discussed IT project management in terms of project definition, management models like Waterfall and Agile methodologies, and the importance of Lean in process management.

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