IDC FutureScape: Worldwide Data and Analytics 2024 Predictions

IDC FutureScape Figure

• Figure: IDC FutureScape: Worldwide Data and Analytics 2024 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

• Summary of External Drivers

• Predictions: Impact on Technology Buyers

• Prediction 1: By 2024, Data Valuation Initiatives Will Become Standard in Quantifying Internal Data, AI, and Analytics Project ROI and in Acquisition Valuations But Will Be Hampered by Inconsistent Methodologies

• Associated Drivers

• IT Impact

• Guidance

• Prediction 2: By 2025, the Combination of Geolocation and Business Analytics Will Be Ubiquitously Used by All G2000 Companies, Leading to Greater Precision and Personalization of AI-Enabled Solutions

• Associated Drivers

• IT Impact

• Guidance

• Prediction 3: By 2025, Adoption of GenAI-Driven Data Intelligence and Integration Software Will Result in a New Automated Data Control Plane, Resulting in at Least a 25% Increase in Data Engineers' Productivity

• Associated Drivers

• IT Impact

• Guidance

• Prediction 4: By 2025, 66% of G2000 Will Adopt AI-Driven Headless BI and Analytics with Chat, Q&A, and Proactive Notification Functionality, Quadrupling the Number of Users with Access to Contextual Information

• Associated Drivers

• IT Impact

• Guidance

• Prediction 5: By 2026, GenAI Will Be Deployed to Spot Inconsistencies Across Internal Planning Models and External Economic Forecasts, Resulting in Doubling of New Cross-Functional Enterprise Planning Initiatives

• Associated Drivers

• IT Impact

• Guidance

• Prediction 6: By 2026, the Differential in the Velocity of Tech Vendors' Releases and Tech Users' Adoption of AI-Driven Data and Analytics Software Will Double Spending on Reskilling and Change Management

• Associated Drivers

• IT Impact

• Guidance

• Prediction 7: By 2027, GenAI Will Help Equalize Spending on Unstructured and Structured Data Processing and Analysis Software, Doubling Unstructured Data's Productive Use

• Associated Drivers

• IT Impact

• Guidance

• Prediction 8: By 2027, the Need to Combine Dual Representation of Enterprise Knowledge Will Lead 50% of G2000 to Combine Vector Embeddings Stored in Vector Databases with Graph Databases for AI Model Training

• Associated Drivers

• IT Impact

• Guidance

• Prediction 9: By 2028, 75% of G2000 Will Use LLMs to Speed Development of Ontologies, Which in Turn Will Guide Firm-Specific LLM Training to Enable Knowledge Management and Decision Intelligence

• Associated Drivers

• IT Impact

• Guidance

• Prediction 10: By 2028, the Tenure of the Average CDO Will at Least Double, Reflecting Business Executives Evolving Understanding of the Path to Greater Enterprise Intelligence, Data, and AI Value Creation

• Associated Drivers

• IT Impact

• Guidance

Advice for Technology Buyers

External Drivers: Detail

• AI Everywhere — Generative AI Takes the Spotlight

• The Drive to Automate — Maximizing Efficiency and New Opportunities

• The Digital Business Imperative — Competitiveness and Outcomes

• Shifting Tech Regulatory Landscape — Navigating Risk and Opportunity

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• Related Research