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MIT Initiative on the Digital Economy – Medium

Five Key Trends in AI and Data Science for 2024 | by MIT IDE | MIT Initiative on the Digital Economy | Jan, 2024

MIT IDE

2024-02-26 14:02:04

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Summary

Artificial intelligence and data science are in the spotlight in 2023, with generative AI leading the way. Surveys of data executives indicate key issues ahead for the field including the need for generative AI to deliver value, the industrialization of data science, and the dominance of two versions of data products. Additionally, the role of data scientists is shifting as new roles emerge and citizen data science becomes more prevalent. Finally, organizations are redefining their leadership structures to include supertech leaders who manage technology and data functions at a higher level.

Key Themes

1. Generative AI
2. Data Science Industrialization
3. Data Products

Generative AI: The need for generative AI to deliver economic value to organizations as it continues to be in the spotlight.
Data Science Industrialization: The shift from artisanal data science activities to more industrialized processes, platforms, and methodologies.
Data Products: The emergence of two dominant versions of data products packaging data, analytics, and AI for internal or external customers.

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