Luminescent materials are continually sought for application in solid-state LED-based lighting and display applications. This has traditionally required extensive experimental effort. More recently, the employment of data-driven approaches in materials science has provided an alternative avenue to accelerate the discovery and development of luminescent materials. In this Perspective, we give an overview of luminescent materials used for lighting and display applications with a specific focus on inorganic phosphors, quantum dots, and organic light-emitting diodes. We discuss recent progress using data-driven approaches to discover new compounds, predict optical properties, and optimize synthesis, among other topics for each type of material. We then highlight future research directions focusing on using artificial intelligence (AI) to advance these fields and address some cross-cutting challenges limiting the current application of AI techniques in luminescence-related research.