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Gartner forecasts 80% GenAI apps to be built on existing data platforms by 2028

by London 24/7
in Finances
Reading Time: 3 mins read
Gartner forecasts 80% GenAI apps to be built on existing data platforms by 2028

In today’s ever-evolving technological landscape, artificial intelligence (AI) has become an integral part of our daily lives. From voice assistants to self-driving cars, AI has revolutionized the way we interact with technology. As AI continues to advance, so does its potential for improving various industries and processes. One of the latest developments in the field of AI is retrieval-augmented generation (RAG), which has been identified by Gartner as a cornerstone for deploying GenAI applications.

So, what exactly is retrieval-augmented generation? In simple terms, RAG is a combination of natural language processing (NLP) and machine learning (ML) techniques that allows AI systems to retrieve and generate information simultaneously. This means that RAG models can not only understand human language but also use that understanding to generate relevant and accurate responses.

Gartner, a leading research and advisory company, recently highlighted the growing importance of RAG in the development and deployment of GenAI applications. According to Gartner, RAG provides implementation flexibility, enhanced explainability, and composability with large language models (LLMs). Let’s dive deeper into each of these benefits and understand why RAG is gaining so much attention in the AI community.

First and foremost, RAG offers implementation flexibility, which is crucial for developing AI applications that can adapt to different use cases and scenarios. Unlike traditional AI models that are designed for specific tasks, RAG models can be trained to perform multiple tasks simultaneously. This not only saves time and resources but also allows for more efficient AI systems that can handle a wide range of tasks with ease.

Furthermore, RAG models offer enhanced explainability, which is a crucial aspect of AI development. With the increasing use of AI in various industries, there is a growing concern about the lack of transparency and explainability in AI systems. RAG models tackle this issue by providing a clear and logical explanation for their decisions and responses. This not only increases trust in AI systems but also helps in identifying and mitigating potential biases.

Another key advantage of RAG is its composability with LLMs. LLMs, such as GPT-3, are large neural network models that are trained on a massive amount of data and can generate human-like text. By combining RAG with LLMs, developers can create more robust and accurate AI systems that can understand and generate human language. This opens up endless possibilities for AI applications in various industries, such as customer service, healthcare, and education.

The potential of RAG goes far beyond just text generation. It can also be used for image and video generation, which has immense applications in the fields of design, advertising, and entertainment. For instance, RAG models can create realistic images and videos based on a given description or prompt, making the design process more efficient and cost-effective.

Moreover, RAG has the potential to revolutionize the way we interact with AI systems. With the ability to retrieve and generate information simultaneously, RAG models can engage in more natural and human-like conversations. This not only enhances the user experience but also makes AI systems more accessible and user-friendly for people of all ages and backgrounds.

The adoption of RAG is already gaining momentum in the AI community, with major tech companies such as Google and OpenAI investing in this technology. In fact, Google recently introduced a RAG-based model called Reformer, which can perform multiple NLP tasks without any task-specific training. This shows the potential of RAG in creating more efficient and versatile AI systems.

In conclusion, RAG is a game-changing technology that is set to transform the AI landscape. With its implementation flexibility, enhanced explainability, and composability with LLMs, RAG has the potential to revolutionize various industries and processes. As more and more companies and developers start incorporating RAG into their AI solutions, we can expect significant advancements in the field of AI and its applications. Gartner’s recognition of RAG as a cornerstone for deploying GenAI applications further solidifies its importance and paves the way for a more intelligent and efficient future.

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