02/10/2019
With AI your data never sleeps...
AI is not a new phenomenon.
Much of its theoretical and technological underpinnings were developed over the past 70 years by computer scientists. Now thanks to virtually unlimited computing power and the decreasing costs of data storage we are on the verge of exponential age of AI as organisations learn to unlock the value trapped in vast volumes of data.
Many would be surprised to know that researchers analyze and gather insights from only 1 percent of the world’s data. That 1 percent of analyzed data has been the only driver of innovation and insights in what we now know as “big data.” The other 99 percent of the “1 quintillion bytes of data that is collected every day” remains untouched.
AI is about helping organisations to think about what they can do with all that data."
One of those creative purposes is to use historical or unstructured data for predictive purposes, using machine learning or AI.
Companies of all sizes whether IT and software, Manufacturing, E-commerce, Retail, Finance or Medical, are sitting on goldmine of valuable information in the form of structured and unstructured data available within the organization and on their digital sources.
Big data analytics helps enterprises in taking improved and more informed business decisions as it includes data from several resources like ERP, web server logs, Internet clickstream data, social media content, email content and responses from customers, reports from social network activities, mobile phone data and also captured from Internet of Things.
