Helmut Schmitt

🚀 Since the start of 2023, NVIDIA's stock has surged nearly 900% at its peak, driven by the unprecedented hype around AI. But where are we now in the GARTNER Hype Cycle? 🤔 Have we reached the "peak of inflated expectations"? Is an AI bubble looming, or worse—ready to burst? In my latest blog post, I explore these critical questions. While I expect a moderate correction, I don't foresee any major disruptions before 2025. Read more in my blogpost! 📈 Here'e some excerpts: The investments in AI are indeed enormous: Especially the big tech players, but also other companies, will spend over 1 trillion dollars (!!) on AI investments in the coming years (...) These costs are contrasted by relatively weak business models. The WOW effect users experience when generating texts, images, and music doesn’t translate equally into economic benefits for many providers. (...) In the recently published post AI’s $600B Question (06/20/2024) the author David Cahn of Sequoia Capital calculated that AI companies would need to generate $600 billion in revenue, to justify the current level of investment in data centers in order to put the current gap between investments and revenues into perspective. (...) However, the benefits (and commercial potential) of AI can already be seen in numerous areas. the AI scene is making major and minor progress throughout (...) My conclusion: At the beginning of August, META CEO Zuckerberg declared: “At this point in time, I would rather risk building up more AI computing capacity than necessary than be late”. It is the reality that new technologies are inherently unpredictable by their nature. No amount of forecasting or numerical analysis in the 1990s could have drawn a direct line from the early days of the Internet to applications such as Uber and Instagram. It is therefore not irrational to maintain high expectations of AI technology. And the following applies to this technology: It is a technology with a true game-changer character; both for the economic world and for geopolitics. No country of relevance can and does not want to afford to drop out of this technology race (or: marathon) at the moment: not China, not the USA, and not even Europe (with promising players such as Mistral and Aleph Alpha in the LLM sector). I have a bet with a colleague that the AI hype will last at least until Christmas this year (I’m standing by this bet), and I’m quite confident that I’ll win. #artificialintelligence #ai #technology #innovation #alphabet #meta #google #openai #ibm #newsletter #microsoft #future #news #sequoia #goldmansachs #TechTrends #Investment #GartnerHypeCycle Rico Knapper Daniel Poodratchi Kevin Engelke Andreas Kröber Melahat Elis Rohit Suseelan

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Join Databricks on November 7th for Data + AI World Tour Munich! Discover how leading companies like Fraport AG, Deichmann SE, Bayer AG, and CARIAD SE (A Volkswagen Group Company) are taking control of their data and building custom AI on the Databricks Data Intelligence Platform. Register now!

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Romande Energie processes, combines and analyzes its data in Snowflake to make better buying decisions, do more with less and deliver a more intelligent network. https://okt.to/AMRGb7

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What do you think, why is #DataFirst important for a successful Transformation or even more for AI!? Today we help our Partner Sales Teams at the APM Session to answer this question 💪 Are you curious as well? Ping me or my colleagues Peter Wiatrowski or Alex Valentin #Syniti #DataFirst #SAP

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Join Databricks on November 7th for Data + AI World Tour Munich! Discover how leading companies like Fraport AG, Deichmann SE, Bayer AG, and CARIAD SE (A Volkswagen Group Company) are taking control of their data and building custom #AI on the #Databricks Data Intelligence Platform. Register now!

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Gen AI holds the potential to exponentially improve productivity for companies. With 80% of the world's data being unstructured, the time is now. Learn more from #Qlik's Dan Sommer in our new companion guide on how to efficiently use your data.

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What is the state of AI in the enterprise, and how can you use the power of Data Integration to overcome AI scaling challenges? In this white paper, you'll gain practical insights on these hot topics: https://bit.ly/3V9ZYch #dataintegration #streamsets #ai

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The second iteration of the 2024 @Gartner® Magic Quadrant™ for Process Mining Platforms is live! Spoiler: Software AG is a Leader, again. Read the full report – no email required: https://lnkd.in/df8HcVfD #ARISProcessMining #GartnerMagicQuadrant #BusinessProcessManagement

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With #generativeAI on Vertex AI, Commerzbank AG significantly boosts advisor productivity 🚀 How? Automating financial advisory workflows frees up advisors to focus on clients. Here's how this leading German bank did it → https://goo.gle/3ZijBAh

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🔓 New Solutions Unlock The Power of Ecosystem-Wide Data Sharing 🔓 In today's hyper-connected world, data is king. But what happens when that data is siloed, locked within individual systems and platforms? We miss out on the full potential of data-driven insights and innovation. Thankfully, a new breed of solutions is emerging, offering an ecosystem-wide data sharing model that promises to unlock unprecedented value. 🎉 Here's how these solutions are changing the game: 1. Breaking Down Silos: By enabling seamless data exchange between different platforms and systems, these solutions break down information barriers, creating a unified view of your data. 📈 2. Empowering Collaboration: With data readily accessible across teams and organizations, cross-functional collaboration becomes more efficient and effective, leading to better decision-making and faster problem-solving. 🤝 3. Sparking Innovation: Access to a wider range of data fuels innovation, allowing for the development of new products, services, and solutions that address complex challenges. 💡 4. Accelerating Growth: Data-driven insights can guide strategic decision-making, optimize processes, and identify new growth opportunities, propelling your business forward. 🚀 5. Enhancing Security and Compliance: By implementing robust data governance and security protocols, these solutions ensure that data is shared responsibly and in compliance with all relevant regulations. 🔐 Examples of Ecosystem-Wide Data Sharing Solutions: * Open Data Platforms * Data Sharing Consortiums * Cloud-Based Data Integration Tools The Future of Data Sharing: As the adoption of these solutions grows, we can expect to see a more collaborative, data-driven ecosystem emerge. This will create a fertile ground for innovation, accelerate progress across industries, and unlock new opportunities for businesses and individuals alike. 🌎 What are your thoughts on this new wave of data sharing solutions? How do you see them impacting your industry? Share your insights in the comments below! 👇 #DataSharing #Ecosystem #Innovation #Collaboration #Growth #FutureOfData InnerSpace James Wu Joe Draganic Brennan Stang

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Not all businesses are a perfect fit for Pricefx. But how do you know which ones are? Matt Brown, CRO, reveals the key signs your company can THRIVE with Pricefx's AI-powered optimization. Unlock hidden potential and boost your bottom line. Read more: https://okt.to/b1UeR5 #pricingoptimization #saas #businesstransformation

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Romande Energie processes, combines and analyzes its data in Snowflake to make better buying decisions, do more with less and deliver a more intelligent network. https://okt.to/b6M8d0

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In a recent interview with Springer Professional, Alteryx’s Chief Product Officer, Suresh Vittal, shares insights on how companies can lower the barriers to entry for the introduction of artificial intelligence. “The successful introduction of AI into an enterprise requires businesses of all sizes to invest in accessible analytics, provide governed access to the data and the upskilling required to empower everyone to uncover high-quality insights from large language models.” Read the full interview here: https://ow.ly/CcMX30sCCBo

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Wish you could look inside the minds of top CROs to understand how they run revenue? You need Clari’s CRO Playbook, packed with insights from Fortune 500 companies and high-growth enterprises. With real-world examples from companies like Databricks, Nutanix, and Globalization Partners, this playbook shows you how to: -> Set bold Revenue Objectives that drive results -> Keep teams aligned and on track with disciplined Revenue Cadences -> Identify and capture revenue at risk Ready to run revenue with precision? Download your copy of the CRO Playbook today: https://lnkd.in/gAXV5TgU #RunRevenueProgram

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𝗥𝗲𝗰𝗼𝗴𝗻𝗶𝘇𝗲𝗱 𝗯𝘆 𝗔𝗻𝗮𝗹𝘆𝘀𝘁𝘀, 𝗧𝗿𝘂𝘀𝘁𝗲𝗱 𝗯𝘆 𝗢𝘂𝗿 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀 𝗮𝗻𝗱 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀! In an era where customer expectations constantly evolve, businesses need agility and innovation to stay ahead. Choosing a partner that equips you with the right tools to scale is crucial for navigating market changes. We are thrilled to announce that 𝗦𝗽𝗿𝘆𝗸𝗲𝗿 𝗵𝗮𝘀 𝗯𝗲𝗲𝗻 𝗿𝗲𝗰𝗼𝗴𝗻𝗶𝘇𝗲𝗱 𝗮𝘀 𝗮 𝗟𝗲𝗮𝗱𝗲𝗿 in the 𝟮𝟬𝟮𝟰 𝗚𝗮𝗿𝘁𝗻𝗲𝗿® 𝗠𝗮𝗴𝗶𝗰 𝗤𝘂𝗮𝗱𝗿𝗮𝗻𝘁𝗧𝗠 𝗳𝗼𝗿 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗖𝗼𝗺𝗺𝗲𝗿𝗰𝗲, 𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝗲𝗱 𝗳𝘂𝗿𝘁𝗵𝗲𝘀𝘁 𝗼𝗻 𝘁𝗵𝗲 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲𝗻𝗲𝘀𝘀 𝗼𝗳 𝗩𝗶𝘀𝗶𝗼𝗻 𝗮𝘅𝗶𝘀! With Spryker, businesses can respond swiftly to changing needs, deploy solutions seamlessly, and capitalize on new opportunities, all while navigating today's fast-paced digital landscape. Let's discuss how we can be the right fit to support your goals - reach out to learn more! Download the 2024 Gartner Magic Quadrant™ here: https://hubs.li/Q02XNtyM0

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Get ready to tickle your tech taste buds at the Snowflake World Tour Berlin with the dynamic duo, Benedikt Engel and Markus Severin! You won’t want to miss their mind-boggling session: "Modernizing to Snowflake AI Data Cloud: Easily Evolving From BW to AI/ML." Take a break from your usual coffee break and swing by from 1:40 - 2:10 PM to catch the action. They'll reveal the secrets of shifting from BW to AI/ML using Snowflake's snazzy data cloud tech. Get ready to transform your data strategy and unleash the unstoppable power of AI and machine learning for your biz. https://okt.to/V8f0ny

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