The third article in our Data Economy series examines what it takes to unlock the opportunities with AI. Based on some of the key findings of our own research ‘Predicting the Data and AI Revolution’ and exclusive insights provided by leaders in the data economy, this piece explores how organizations are currently using AI.

From the beginning, Kroo’s architecture was designed with future scalability in mind, using PostgreSQL as its database and Apache Kafka as the mechanism for message distribution. By embracing an asynchronous infrastructure, Kroo can also independently scale different parts of its system, improving efficiency and responsiveness. After securing its full UK banking license in 2022, Kroo launched its current account. In the next 12 months alone, it secured an impressive 150,000 customers.

This is the second piece in our Data Economy series. While the first, available here, looked at the data economy as a whole and why it is important, this piece looks more specifically at the environment around the data economy. This includes both the environment needed for it to thrive and the ecosystem of companies and businesses that are being created in order to evolve it.

By all accounts, Europe is expected to land a lottery jackpot next year. Indeed, according to the European Commission, the region is tipped to be almost one trillion Euros (EUR 829 billion) better off on account of the growth in the data economy. At a time when we’re surrounded by uncertainty and conflict, and with the threat of recession stubbornly hanging over the region, it’s also a moment that raises several important questions as we head into 2025.

Transforming retail: Aiven and AWS empower businesses with real-time data insights for better customer experiences. We’re excited to announce that Aiven has achieved the prestigious AWS Retail Competency, in the category of Advanced Data Insights. Achieving the AWS Retail Competency recognizes Aiven’s expertise in providing customers with software solutions that empower retailers to gain valuable data insights to drive business success.

Aiven for Metrics, a Prometheus compatible solution powered by Thanos, is now generally available. Last month, we announced the early availability of Aiven for Metrics, and as of today it is generally available!

Deploy Google Cloud's high-performance, PostgreSQL-compatible database AlloyDB Omni on AWS, Azure and Google Cloud, managed by Aiven’s multi-cloud, data infrastructure platform.

The debate surrounding AI-generated content ownership has raged since the technology's inception. Despite significant advancements, the question of creative rights remains unresolved. This is particularly problematic in software development, where AI's influence can often be subtle and overlooked. To fully grasp the implications, it's essential to delve into the complex landscape of intellectual property and licensing.

Tiered storage is now generally available in Aiven for ClickHouse. Combine the speed of ClickHouse with the cost optimization of object storage for a powerful data warehouse solution. ClickHouse combines its columnar design, industry leading compression, and blazing fast queries to make it one of the most performant data warehouse solutions available. Aiven for ClickHouse takes this a step further with tiered storage, now generally available in the Aiven console.

Widespread adoption of Generative AI has infiltrated nearly every business sector. While tools like transcription and content creation are readily accessible to all, AI's transformative potential extends far deeper. Its influence on coding and software development raises profound questions about the future of this industry.