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#Factoftheweek

80% of enterprise software and applications will be multimodal by 2030, up from less than 10% in 2024.

Today, many multimodal models offer processing across two or three modalities (e.g., text-to-video or speech-to-image).

In the next few years, this will increase to more diverse and new modalities.

It will hit many industries: manufacturing, healthcare, finance, and beyond.

Gartner suggests high-impact technologies such as multimodal GenAI models are at the center of its Emerging Tech Impact Radar for GenAI.

Why?

Multimodal offers many big opportunities, enabling the use of different types of data inputs and outputs such as videos, text, numerical data, images, and more, within a single generative model. This augments the use of GenAI.

Get ready! Multimodal capabilities will soon come to your software, offering new opportunities for automation and productivity as well as enhanced decision-making and innovation. Are you ready?