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Unlock the other 99% of your data – now ready for AI
Unlock the other 99% of your data - now ready for AI
For decades, companies of all sizes have recognized that the data available to them holds significant value, for improving user and customer experiences and for developing strategic plans based on empirical evidence. As AI becomes increasingly accessible and practical for real-world business applications, the potential value of available data has grown exponentially. Successfully adopting AI in businesses requires massive amounts of data to train AI models, and companies can no longer afford to overlook their 'dark data' - the data that's not continuously analyzed.
Dark data comprises unstructured and unorganized data that is hardly utilized in decision-making. According to a study by Enterprise Strategy Group, this could amount to up to 99% of data sources. This includes information from sources like IoT devices, social media, security cameras, and more. It could contain a wealth of useful information that offers a fresh perspective on things like business processes and customer behavior. Harnessing this data is often difficult and time-consuming, but advancements in AI technology are making it increasingly achievable.
But what does this mean?
If companies can unlock the other 99% of their available data and train AI models on it, there is a significant amount of untouched potential of business optimization. This could result in substantial improvements in operational efficiency, customer experiences, and strategic decision-making.
The first step is recognizing that data is a pivotal asset that needs to be managed properly. Companies need to implement data categorization, data visualization, and data curation to get better insights from data, which can be used to improve operations. Workflows must be built around the integration of AI anddata.
Modern AI tools have developed the technological capability to automatically categorize, visualize, and curate data. AI-powered unstructured data
Source: AI News, Link
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Posted by ghostaidev Team