The Strategic Imperative of Selecting Optimal AI Technologies for Businesses
In the rapidly evolving landscape of artificial intelligence (AI), the strategic selection of AI technologies has become a cornerstone for businesses aiming to stay ahead of the curve. As we navigate through 2024, the proliferation of AI solutions has presented a diverse array of opportunities and challenges for industries and companies alike. The importance of choosing the right AI technology cannot be overstated, as it directly impacts operational efficiency, innovation, and competitive advantage.
The critical role AI plays across various sectors
The AI market is projected to reach a staggering $305.90 billion in 2024, with an expected annual growth rate (CAGR) of 15.83%, culminating in a market volume of $738.80 billion by 2030.
The use of AI is becoming increasingly common and businesses need to consider its adoption to remain competitive in the market.
According to MIT research, 35% of businesses globally have already adopted AI, and the market is expected to grow by 38% in 2024. Therefore, integrating AI technologies is no longer a futuristic concept but a present-day necessity.
However, at times, companies may find it difficult to determine which technology is the best fit for their needs.
Only the right technology can give us a real boost
The selection of AI technologies is not a one-size-fits-all scenario.
Each industry and company has unique needs, goals, and challenges that require tailored AI solutions. This is where the expertise of Gartner becomes invaluable.
Recognized as a leading research and advisory company, Gartner’s endorsement of evolved AI technologies serves as a beacon for businesses seeking the best AI solutions on the market. Their insights into AI trends and technologies can be a useful way to make the right choice to implement AI solutions that are not only advanced but also aligned with their specific business objectives.
QuestIT was mentioned by Gartner from November 2023 to January 2024, with a focus on multimodal AI and its various applications, including AI avatars.
Jan 2024 – “Emerging Tech Impact Radar: Customer Experience Analytics“ AI Avatars section – Dec 2023 – “Multimodal Generative AI Interfaces Transform User Experiences” 2 mentions – Dec 2023 – “Emerging Tech Impact Radar: The Metaverse” AI Avatar section – Dec 2023 – Emerging “Tech Impact Radar: Conversational Artificial Intelligence” Multimodal UI section – Nov 2023 – “Emerging Tech Impact Radar: Immersive Experiences” AI Avatar section
When selecting the right technology for your business needs, it’s important to opt for certified solutions. Also, ensure that the solution adheres to privacy by design principles and is GDPR compliant.
If you require assistance in making this choice, you can book a free consultation with an AI expert.
