By 2027, 40% of GenAI solutions to be multimodal predicted by Gartner
By MYBRANDBOOK
Gartner predicts that by 2027, 40% of generative AI (GenAI) solutions—up from 1% in 2023—will be multimodal. The transition from single-mode to multimodal models offers improved AI-human interaction as well as a chance to distinguish GenAI-enabled products. Multimodal GenAI is one of two technologies identified in the 2024 Gartner Hype Cycle for Generative AI.
Erick Brethenoux, Distinguished VP Analyst at Gartner, said, “As the GenAI market evolves towards models natively trained on more than one modality, this helps capture relationships between different data streams and has the potential to scale the benefits of GenAI across all data types and applications. It also allows AI to support humans in performing more tasks, regardless of the environment.”
Along with open-source large language models (LLMs), both technologies have high impact potential on organizations within the next five years.
Among the GenAI innovations Gartner expects will reach mainstream adoption within 10 years, two technologies have been identified as offering the highest potential – domain-specific GenAI models and autonomous agents.
Multimodal GenAI
Multimodal GenAI will have a transformational impact on enterprise applications by enabling the addition of new features and functionality otherwise unachievable. The impact is not limited to specific industries or use cases, and can be applied at any touchpoint between AI and humans. Today, many multimodal models are limited to two or three modalities, though this will increase over the next few years to include more.
Open-source LLMs
Open-source LLMs are deep-learning foundation models that accelerate enterprise value from the implementation of GenAI, by democratizing commercial access and allowing developers to optimize models for specific tasks and use cases. Additionally, they provide access to developer communities in enterprises, academia and other research roles that are working toward common goals to improve and make the models more valuable.
Domain-specific GenAI models
Domain-specific GenAI models are optimized for the needs of specific industries, business functions or tasks. They can improve use-case alignment within the enterprise, while delivering improved accuracy, security and privacy, as well as better contextualized answers. This reduces the need for advanced prompt engineering compared with general-purpose models and can lower hallucination risks through targeted training.
Autonomous agents
Autonomous agents are combined systems that achieve defined goals without human intervention. They use a variety of AI techniques to identify patterns in their environment, make decisions, invoke a sequence of actions and generate outputs. These agents have the potential to learn from their environment and improve over time, enabling them to handle complex tasks.
Legal Battle Over IT Act Intensifies Amid Musk’s India Plans
The outcome of the legal dispute between X Corp and the Indian government c...
Wipro inks 10-year deal with Phoenix Group's ReAssure UK worth
The agreement, executed through Wipro and its 100% subsidiary,...
Centre announces that DPDP Rules nearing Finalisation by April
The government seeks to refine the rules for robust data protection, ensuri...
Home Ministry cracks down on PoS agents in digital arrest scam
Digital arrest scams are a growing cybercrime where victims are coerced or ...
ICONS OF INDIA : SRIDHAR VEMBU
Sridhar Vembu is the chief executive officer (CEO) of Zoho Corporation...
Icons Of India : NEERAJ MITTAL
He started his career as an IAS Officer in 1992. He has held various a...
Icons Of India : Anil Kumar Lahoti
Anil Kumar Lahoti, Chairman, Telecom Regulatory Authority of India (TR...
NIC - National Informatics Centre
NIC serves as the primary IT solutions provider for the government of ...
BSE - Bombay Stock Exchange
The Bombay Stock Exchange (BSE) is one of India’s largest and oldest...
ECIL - Electronics Corporation of India Limited
ECIL is distinguished by its diverse technological capabilities and it...
Indian Tech Talent Excelling The Tech World - Thomas Kurian, CEO- Google Cloud
Thomas Kurian, the CEO of Google Cloud, has been instrumental in expan...
Indian Tech Talent Excelling The Tech World - AJAY BANGA, President - World Bank
Ajay Banga is an Indian-born American business executive who currently...
Indian Tech Talent Excelling The Tech World - NEAL MOHAN, CEO - Youtube
Neal Mohan, the CEO of YouTube, has a bold vision for the platform’s...