Although vector databases have been around for decades, their application was limited. Forrester estimates the current adoption rate of vector databases at 6%, with a projected surge to 18% over the next 12 months. I believe the potential for vector databases is huge, especially to get insights from untapped data assets. We are already seeing organizations using vector databases to improve customer recommendations, for real-time anomaly detection with IoT data, and for fraud detection.
You are viewing a single comment's thread from: