By Patrick Smith, VP, EMEA Field CTO, Pure Storage
There’s no denying that Artificial Intelligence (AI) has become one of the fastest growing and largest areas of enterprise technology investment and innovation in recent years. Given there are so many practical applications for this technology, it’s no surprise that AI is supporting mainstream use cases, ranging from healthcare and life sciences to semiconductor and chip manufacturing, automotive, financial services, and beyond.
While generative AI tools such as ChatGPT have dominated the headlines in recent months, the reality is that AI has been present for a number of years. However, the latest wave of widely accessible generative AI tools is resulting in more machine generated data than ever before, and this is driving the unprecedented growth of unstructured data worldwide. In fact, IDC predicts that by 2025, the total amount of digital data created globally will rise to 175 zettabytes (from approximately 40 zettabytes in 2019). This estimate can actually be considered conservative, given the surge in AI-generated data we are seeing today.
In a somewhat perpetual cycle, greater volumes of data and the acceleration of AI means a bigger opportunity for businesses to turn this information into actionable intelligence, to innovate faster than their competitors, increase customer satisfaction, streamline operations, and ultimately become a more successful company. However, just as we refine oil into useful products such as fuel and plastics, data must also be refined before it can provide value. This is where data analytics (increasingly AI-based) comes in.