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News January 18th, 2024

2024 will be the year of MVPs in AI

Last year was a big year for Proof of Concept, helping many organizations to experiment with AI, measure the desirability of products to secure funding and gather resources, while 2024 will be the year of MVPs, said our CTO Dragan Gajic in an interview for Business Leader, the UK’s leading media platform for entrepreneurs.

– Dragan Gajic, CTO at Nortal

By the end of 2024, we’ll have a clearer understanding of whether generative AI has lived up to its promise or remained mere hype

AI has the ability to revolutionize

The publication highlights the ability AI has to continue to revolutionize the corporate sector – improving productivity and spurring expansion, and according to Gajic, as we move into 2024, the focus will shift “towards practical adoption,” where businesses will aim to demonstrate concrete value through real use cases. “By the end of next year, we’ll have a clearer understanding of whether generative AI has lived up to its promise or remained mere hype,” he said to businessleader.co.uk.

– Dragan Gajic, CTO at Nortal

Models like ChatGPT have played a pivotal role in democratising AI and data science, making it more accessible to consumers as well as companies and fostering innovation.

Year of MVPs and wider adoption

Gajic goes on to say in the article that 2024 will be the year of MVPs (minimum viable products), where generative AI will have what it needs to reach its first users.

“Models like ChatGPT have played a pivotal role in democratising AI and data science, making it more accessible to consumers as well as companies and fostering innovation. Next year, the same thing will happen in software engineering. Generative AI will continue to become a tool for broader audiences,” he says.

The article in Business Leader’s January 2024 issue is focusing on navigating the future of business in the age of ChatGPT as we continue to push the boundaries of AI capabilities. Read the piece in full on businessleader.co.uk.

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