Big Data is most assuredly here to stay at this point, and because Big Data isn’t going away anytime soon, AI will be in high demand for the foreseeable future. Data and AI are merging into a synergistic relationship, where AI is useless without data and data is insurmountable without AI.
The competitive advantage of advanced analytics can be multiplied by building a strong AI capability. There is far more data being generated today than humans can analyze in any meaningful way. Techniques like machine learning, predictive analytics, and data visualization can help us find meaning by digging deeper into large data sets and improving the speed and accuracy of decision-making.
How important is leveraging AI and advanced analytics in driving value creation and future growth? In your organization’s transformation journey, it can mean the difference between success and failure
Now here the key aspects come:
- To Train Learning Algorithms, We Need Data.
- Web provides a huge amount of data, but these are unstructured data.
- BIG DATA extracted from web, are used to train the algorithms.
- These Data are highly useful and with increasing amount of data, we need a way to utilize this amount of data in a smart way.
- We have already seen some good results and improvements in sentiment analysis and stock market prediction.
