9 Predictions for Data in 2023: Cloud Warehouses, ML Models, and Data Observability
Tomasz Tunguz predicts nine major trends shaping the data industry in 2023-2024, including cloud data warehouse dominance, segmentation of workloads by use case, unification through metrics layers, and the rise of data observability. He forecasts that CDWs will process 75% of workloads by 2024, notebooks will capture 20% of Excel users, and data teams will adopt uptime/accuracy metrics similar to software engineering standards.
Metrics in this report
36 to 80$b
historical growth over 5 years
Global CDW market
20 to 50%
historical growth over 5 years
Enterprise data processing workloads
75%
predicted by 2024
Enterprise data processing workloads
20%
of all venture capital raised in 2021
Percentage of total VC funding
60$b
total in 2021
Global data startup funding
70incidents per 1000 tables
current baseline
Data team reliability
20%
predictive share
Of 1 billion global Excel users
1b
total addressable market
Worldwide Excel user base
99.9%
three-nines equivalent
Industry best practice (1 incident per 1000 hours)