Industry executives and experts share their predictions for 2024. Read them in this 16th annual VMblog.com series exclusive.
Navigating the Data Revolution: Proactively Embracing New Approaches
By
Justice
Erolin, CTO, BairesDev
As we approach 2024, the data and analytics
landscape demands a proactive stance, where Generative AI and Enhanced Data
Pipelines take center stage. With $15.2 billion invested globally in Generative AI, there
is a need for robust structures to unlock its potential.
While client demands focus on data projects
and DevOps, currently, I oversee over 300 data-related
projects, with more projected for 2024. This focus urges companies to optimize
pipelines and invest in resilient infrastructure. Professionals on every level
embracing these trends position themselves as frontrunners, driving innovation
in this transformative era.
1.
Generative Artificial Intelligence (AI) and Enhanced Data Pipelines:
Generative AI has been a prominent
buzzword, with 48% of IT leaders leveraging it beyond ChatGPT. As we look ahead, a
paradigm shift in AI capabilities for data analysis is on the horizon.
Integrating generative AI in reporting and analysis could lead to automated
report generation and dynamic dashboard creation, offering predictive models
for sales results and real-time business metrics. Establishing robust data
pipelines is crucial for effectively utilizing generative AI in
decision-making.
According to Dataiku, 31% of companies with AI project failures
cited a lack of production-ready data pipelines as a primary reason. Those
investing in optimizing their data pipelines thrived by efficiently integrating
Generative AI, gaining valuable insights, and automating crucial processes. As
we approach 2024, the divide in technological adoption is expected to widen,
underscoring the importance of building and optimizing robust data pipelines to
stay competitive in the realm of Generative AI.
2.
Skill Diversification and the Resurgence of Apprenticeships:
The evolving data and analytics landscape
demands professionals to broaden their skill sets. Adopting a T-shaped or
M-shaped skill development approach is now crucial to adapt to the industry's
fast changes. Staying updated with the latest trends and continuous learning is
critical in an industry characterized by ever-changing technologies. Looking
ahead to 2024, a shift away from heavy reliance on certifications is
anticipated, with a focus on embracing mentorships and apprenticeships for
skill development and professional growth.
3.
Client Demands - Data Projects and DevOps:
As a software development company, we anticipate an ongoing trend in 2024
with more projects centered around data, data pipelines, engineering, models,
and analysis. Simultaneously, a focus on DevOps and infrastructure is crucial
due to the rise of advanced AI technologies. This past year has witnessed a
100% increase in DevOps positions within BairesDev alone, highlighting the need
for a resilient infrastructure capable of handling AI demands. Investing in
DevOps proves to be a significant ROI strategy, aligning with economic trends and
emphasizing cost savings and efficiency.
As this year comes to a close, 2024 is
poised to be a year of incredible advancements in the data and analytics field.
Embracing generative AI, diversifying skill sets, and bracing for data projects
and DevOps is important to navigate this transformative era successfully. Data
and analytics professionals will have a real opportunity to drive innovation
and shape a brighter future for their organizations.
##
ABOUT THE AUTHOR
As
BairesDev's CTO, Justice is responsible for translating BairesDev's vision into
technical roadmaps. Leveraging his deep management and engineering expertise,
he plans and coordinates the various engineering teams to make their output
meet the highest standards in the market. Justice started his career as a web
engineer but his solution-oriented approach, commitment, and management skills
helped him become director of technology and CTO of different marketing
agencies in the Greater Los Angeles area. Armed with this solid experience,
Justice joined BairesDev in 2020 to take the company's engineering capabilities
to the next level.