July 2023: Release of highly anticipated Gartner AI Hype Cycle and report
Xplain Data is proud to announce its prestigious inclusion in the list of relevant causal AI vendors in the Gartner AI Hype Cycle. This solidifies its position as a player in the rapidly evolving AI landscape.
The Gartner AI Hype Cycle has long been a trusted source for identifying industry trends. The 2023 edition offers insights into some notable developments. Foundation Models & Generative AI have reached their peak, demonstrating outstanding progress and receiving widespread acclaim from the community.
AI Hype Cycle: Causal AI on the rise
However, one of the real standouts in this year’s report is Causal AI. Over the past year, Causal AI (Causal Discovery) has experienced an unprecedented surge in importance, exceeding all expectations. In the 2022 edition, Gartner predicted a 5–10-year timeline for Causal AI’s adoption in the mainstream market. And the latest edition brings welcome news – Gartner now highlights Causal AI as a key area to watch over the next 2-5 years:
“Early adoption of these innovations will lead to significant competitive advantages and ease the problems associated with using AI models within business processes.” – Gartner’s 2023 AI report.
Business Impact (- Gartners’ 2023 AI hype cycle and report)
Causal AI leads to:
- Greater decision augmentation & autonomy in AI systems by estimating intervention effects.
- Greater efficiency by adding domain knowledge to bootstrap AI models with smaller datasets.
- Better explainability by capturing easy-to-interpret cause-and-effect relationships.
- More robustness & adaptability by leveraging causal relationships that remain valid in changing environments.
- The ability to extract causal knowledge with less costly & time-consuming experiments.
- Reduced bias in AI systems by making causal links more explicit.
Xplain Data is pleased to be recognized as a leader in the Causal AI space. This recognition reinforces our commitment to delivering innovative solutions to our customers. We believe that Causal AI has the potential to revolutionize the AI landscape and deliver transformative benefits to businesses across industries.