Reveals necessity in every industry
NEW YORK, April 23, 2024 /PRNewswire/ -- Released today,
The State of Public Web Data Report 2024, details a comprehensive
analysis on how organizations leverage public web data to drive
innovation, enhance customer experience, and develop AI
models.
Bright Data commissioned an independent third-party to
carry out the first survey of this kind which details the emergence
of public web data as the most valued data type. Nearly every
organization surveyed uses and benefits from public web data
through quicker decision-making, boosting revenue, and meeting
customer needs.
The need for public web data in AI is clear in all industries,
with more than half of respondents using public web data to
build AI models for customer service or to meet internal needs
such as fraud detection and risk assessment.
Although necessary to build AI machines, 72% of respondents
are worried that public web data will no longer be accessible in
the next 5 years. The lack of a legal framework to protect this
data emerged as a top concern.
Other key insights from the report:
- 89% of respondents recognize public web data is crucial or
very important to the global economy.
- 82% of respondents say public web data is critical to the
future of their organization.
- 79% of respondents agree that large organizations and or big
tech hide too much of their public web data.
- 88% of respondents believe public web data is critical for
the development of AI models.
"Our findings reveal a clear consensus among industry leaders:
leveraging public web data is key to unlocking growth and fostering
innovation," said Or Lenchner, CEO of Bright Data. "Public web data
is not a 'like to have,' it's a 'must have' to conduct business and
maintain a competitive market. We understand from our own
experience with 20,000 customers that once a business realizes the
potential of public web data they will look to discover new ways to
leverage this tool to lead against the competition."
About Bright Data:
Bright Data is the #1 web
data platform. Fortune 500 companies, academic institutions,
non-profits, and small businesses rely on Bright Data's solutions
to collect public web data in the most efficient, reliable, and
flexible way to make faster, more informed business-critical
decisions.
Contacts:
media@brightdata.com
Logo -
https://mma.prnewswire.com/media/2276620/Bright_Data_logo__1044x234_Logo.jpg
View original
content:https://www.prnewswire.co.uk/news-releases/first-comprehensive-report-on-public-web-data-released-by-bright-data-302124673.html