Global AI data management market is anticipated to grow at a significant CAGR of 15.7% during the forecast period (2024-2031). The market growth is attributed to the growing demand for high-quality training data is escalating with advancements in AI technologies driving the market growth. Market players introducing AI-powered solutions can enhance data management by analyzing access patterns, detecting anomalies, and even raising alerts for potential security breaches. For instance, in September 2023, EY introduced EY.ai by investing $1.4 billion. The EY comprehensive learning program elevates and expands the AI skills of EY people, including the responsible use of AI. It builds on the extensive AI, data, and analytics learning badge curriculum and credentials.
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Innovative AI data management role beyond automation and data cleansing. AI algorithms can also facilitate advanced analytics and predictive modeling. By analyzing historical data patterns, AI algorithms can uncover valuable insights, make predictions, and support data-driven decision-making. For instance, in April 2024, Accenture Federal Services and Google Public Sector launched a Data & artificial intelligence center of excellence to support federal agencies with modernizing citizen services with solutions purpose-fit for federal agencies, including Google Cloud generative AI technologies. The Data & AI Center of Excellence supports sensitive and classified workloads while meeting regulatory compliance needs through secure data management platforms and assets.
AI-powered speech recognition is its ability to continuously learn and adapt. As more data is fed into the system, it becomes increasingly adept at recognizing unique accents, speech impediments, and colloquialisms. For instance, in January 2024, Azure AI Speech introduced new zero-shot TTS model for Personal Voice. The Personal Voice capability in Azure AI Speech Service allows customers to create personalized synthetic voices for their users based on their unique speech characteristics. With Personal Voice, users can get AI replicating their voice in a few seconds by providing just a short speech sample as the audio prompt, and then use it to generate speech in any of the 100 languages supported.
Market Coverage
- The market number available for – 2023-2031
- Base year- 2023
- Forecast period- 2024-2031
- Segment Covered-
o By Data Type
o By Application
o By Verticals
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Amazon Web Services, Inc., Google LLC, IBM Corp., Microsoft Corp., and, Oracle Corp., among others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global AI Data Management Market Report Segment
By Data Type
- Audio
- Speech and Voice
- Image
- Text
- Video
By Application
- Data Augmentation
- Data Anonymization & Compression
- Exploratory Data Analysis
- Imputation Predictive Modeling
- Process Automation
By Verticals
- BFSI
- Retail & eCommerce
- Government & Defense
- Healthcare & Life Sciences
- Manufacturing
- Energy & Utilities
- Media & Entertainment
- IT & Telecommunications
- Other Verticals (Travel & Hospitality, Education, Transportation & Logistics)
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AI Data Management Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Cloudera, Inc.
- Couchbase, Inc.
- Databricks, Inc.
- DataRobot, Inc.
- Dell Inc.
- Hewlett Packard Enterprise Development LP
- Hitachi Vantara LLC
- IBM Corp.
- Informatica Inc.
- MongoDB, Inc.
- Oracle Corp.
- Palantir Technologies Inc.
Reasons to Buying From us –
- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
- Our expert research analysts answer all your questions before and after purchasing your report.
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