In the last couple of years, AI has launched itself to the forefront of technology initiatives across industries. In fact, Gartner predicts the AI software market will grow from $124 billion in 2022 to $297 billion in 2027. As a data platform company, Cloudera has two very clear priorities. First, we need to help customers get AI models based on trusted data into production faster than ever.

Generative AI (GenAI) has taken the world by storm, promising to revolutionize industries and transform the way businesses operate. From generating creative content to automating complex tasks, the potential applications of GenAI are vast and exciting. However, implementing GenAI in an enterprise setting comes with its own set of challenges. At Cloudera, we understand the complexities of enterprise GenAI adoption.

Organizations are challenged today to become both more data driven and more nimble to adapt quickly to changing conditions. These challenges are the driving forces behind much of their digital transformation or “modernization” efforts.

One of the worst-kept secrets among data scientists and AI engineers is that no one starts a new project from scratch. In the age of information there are thousands of examples available when starting a new project. As a result, data scientists will often begin a project by developing an understanding of the data and the problem space and will then go out and find an example that is closest to what they are trying to accomplish.

Artificial intelligence (AI) is something that, by its very nature, can be surrounded by a sea of skepticism but also excitement and optimism when it comes to harnessing its power. With the arrival of the latest AI-powered technologies like large language models (LLMs) and generative AI (GenAI), there’s a vast amount of opportunities for innovation, growth, and improved business outcomes right around the corner. All of that technology, though, depends on data to be successful.

Regulations often get a bad rap. You may have heard the old idiom “cut the red tape” which means to circumvent obstacles like regulations or bureaucracy. But in many – if not most )– cases the underlying need for regulations outweighs the burden of compliance.

It’s been said that the Federal Government is one of, if not the largest, producer of data in the United States, and this data is at the heart of mission delivery for agencies across the civilian to DoD spectrum. Data is critical to driving the innovation and decision-making that improves services, streamlines operations and strengthens national security.

We’re excited to share that Gartner has recognized Cloudera as a Visionary among all vendors evaluated in the 2023 Gartner® Magic Quadrant™ for Cloud Database Management Systems. This recognition underscores Cloudera’s commitment to continuous customer innovation and validates our ability to foresee future data and AI trends, and our strategy in shaping the future of data management.

At a time when AI is exploding in popularity and finding its way into nearly every facet of business operations, data has arguably never been more valuable. More recently, that value has been made clear by the emergence of AI-powered technologies like generative AI (GenAI) and the use of Large Language Models (LLMs).

The ongoing progress in Artificial Intelligence is constantly expanding the realms of possibility, revolutionizing industries and societies on a global scale. The release of LLMs surged by 136% in 2023 compared to 2022, and this upward trend is projected to continue in 2024. Today, 44% of organizations are experimenting with generative AI, with 10% having already implemented it in operational settings. Companies must act now in order to stay in the AI Race.