Data has gradually become a commodity in itself, and when AI arrived on the scene, data suddenly became extremely valuable. Why is data so sought after? AI needs data to train, and it eats data faster than you can think, which is a driving force for data’s value.
Data Management
This is a relatively new field that has grown alongside giants like Microsoft and Google; the best customer data management platform in Australia is available, should you be looking for secure data storage and management. Every company generates data, and large organisations cannot keep up with data storage and have to outsource to IT specialists. Large new data centres are being constructed to store the huge volumes of data that are created daily.
AI Managed Data Centres
State-of-the-art data centres might have two employees at any time; the entire facility is managed by an AI, which monitors every aspect of the facility. Alternative energy sources are ready to step in should there be a power outage, servers demand high amounts of electricity, and there must be back-ups.
Data Brokers
Data brokers buy and sell data, mainly to marketing companies, and they use it to formulate marketing trends and the like. Data brokers rarely hold the physical data, which is typically stored on remote servers and retrieved at will by the owner. These companies work in the background; most people have no idea that some of their data is being sold by unscrupulous data brokers, yet this has been going on for a few years. Click here to find out how AI helps traders.
Future Value
It isn’t just today’s value of a set of data; one has to think about the future; this is one of the reasons many investors are buying up data. No one can accurately predict what will happen to the price of data in the future; a lot depends on AI and how the industry integrates with this new technology.
Training AI
As mentioned earlier, AI systems need to be fed copious amounts of data; regardless of the tasks it is being asked to complete, it needs relevant data and lots of it. In 2018, a group of technicians fed 250,000 chest X-Ray images into an AI, and it learned how to accurately diagnose cancerous growths, far better than any human doctor could do. AI can be trained to do anything, as long as you have ample data to teach it.
Storing Your Business Data
Don’t leave it until the last minute to locate a secure data storage centre that you can use to safely store all the data your company generates. Start looking at options today and arrange a Zoom call with a specialist to discover costs, features and benefits. You can always add drives as and when you need them, and all your data is automatically backed up.