Finalytica Latest Happenings – November 2024

  1. The Ministry of Science and Technology on Wednesday launched India’s first Artificial Intelligence (AI) data bank that is aimed at propelling innovation and boosting the country’s national security. The initiative will provide researchers, startups, and developers access to high-quality, diverse datasets essential for creating scalable and inclusive AI solutions.
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Finalytica Latest Happening – October 2024

OpenAI’s AI Model “Orion” Announcement: OpenAI is preparing to release its next AI model, codenamed “Orion,” by December 2024. This development is part of OpenAI’s ongoing efforts to enhance its generative AI capabilities.

Artist Opposition to AI Training: Over 10,500 artists signed an open letter condemning the unlicensed use of their works to train AI models.… Continue reading

Latest Happenings September 2024

  • SEBI, Indian Security market regulator is working on a dozen projects on AI. It has implemented Artificial intelligence (AI) for processing public documents, for example the REIT or Inv IT annual reports as per their chairman in the recently published report by money control.
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Finalytica July 2024 : Latest Happenings

  • As per a latest report from the Capgemini Research Institute – ‘Harnessing the value of generative AI: 2nd edition’, 80% of organizations have increased their investment in Gen AI since last year. 24% of organizations have integrated GenAI into some or most of their locations or functions, a significant increase from just 6% a year ago.
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Finalytica June 2024 : Latest Happenings

  • According to Research and Markets, the demand for self-service analytics tools is rising as organizations empower non-technical users to make data-driven decisions. The global market for self-service analytics is expected to grow at a CAGR of 20% from 2024 to 2030, driven by the need for agile decision-making and user-friendly analytics platforms .
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Finalytica May 2024 : Latest Happenings

  • According to Fortune Business Insights, the global Big Data as a Service market size was valued at USD 26.16 billion in 2023. The market is projected to grow from USD 33.58 billion in 2024 to USD 178.84 billion by 2032, exhibiting a CAGR of 23.3% during the forecast period.
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Finalytica April 2024 : Latest Happenings

  • As per the report by Fortune Business Insights, the global artificial intelligence (AI) market has valued at USD 515.31 billion in 2023 and is projected to grow from USD 621.19 billion in 2024 to USD 2740.46 billion by 2032, exhibiting a CAGR of 20.4% during the forecast period (2024-2032).
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Finalytica March 2024 : Latest Happenings

  • As per the article by TECHCiRCLE, India’s digital economy is driving significant growth in the data center market, projected to hit $4.5 billion by 2025 with a CAGR of 12%, highlighting the vital role of data infrastructure in meeting evolving technological needs.
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Finalytica February 2024 : Latest Happenings

  • As per the report by Fortune Business Insights The global data analytics market size was valued at $41.05 billion in 2022 and is projected to grow from $51.55 billion in 2023 to $279.31 billion by 2030, exhibiting a CAGR of 27.3% during 2023-2030.
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Trends and Forecasts for Data Analytics, AI & Fintech Industry for the year 2024

  • Industry forecasts for the Years 2024-25 in Numbers:
    • India IT spending is projected to total $124.6 billion in 2024, an increase of 10.7% from 2023, according to the latest forecast by Gartner, Inc. While investments in artificial intelligence (AI) and generative AI (GenAI) will contribute to IT spending growth in India, their impacts on IT spending levels will not be evident until 2025.
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Recap of the Year 2023: AI, Gen AI & Data Analytics Industry

Key Events & Reports of the Year 2023 – AI, Gen AI & Data Analytics Industry
  • The current global big data analytics market is valued at $307.52 billion as per Fortune Business Insights.
  • As per Allied Market Research, the business analytics software market was valued at approximately $177 billion in 2023.
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Finalytica November 2023 : Latest Happenings

  • According to Fortune Business Insights, the global network analytics market size was valued at USD 1.87 billion in 2022. The market is projected to grow from USD 2.25 billion in 2023 to USD 9.94 billion by 2030, exhibiting a CAGR of 23.7% during the forecast period.
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