2024 Data Streaming Report: Powering AI, Data Product Adoption, and More
The "2024 Data Streaming Report" reveals that data streaming platforms (DSPs) have become a critical foundation for modern businesses, with 79% of IT leaders citing them as pivotal to driving business agility and 63% seeing DSPs extensively or significantly driving AI progress. The report also highlights the growing importance of GenAI technologies in bringing AI applications to market more quickly. With data streaming platforms enabling access to enriched, trustworthy, and contextualized data for scaling real-time AI applications, they are seen as integral to driving data product adoption by many IT leaders. Furthermore, 41% of IT leaders report an ROI of 5x or more on their data streaming investments, with higher levels of maturity leading to even greater returns. DSPs help businesses tackle common data challenges such as siloed data and inconsistent governance practices, enabling real-time, data-driven operations. The Data Streaming Awards recognize organizations that leverage this technology for business transformation.
Company
Confluent
Date published
June 5, 2024
Author(s)
Andrew Sellers, Joe Shore, Paul Mac Farland
Word count
783
Language
English
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