There is a set of important emerging digital trends I track as a futurist that are together converging very fast. These digital trends are all potentiall… @pinakinariwala: From Big Data to Artificial Intelligence: The Next Digital Disruption #tech #BigData #AI
There is a set of important emerging digital trends I track as a futurist that are together converging very fast. These digital trends are all potentially disruptive, unless we plan ahead for the impact and change that is coming. More agility, smarter business processes and better productivity are the likely outcomes.
Recently I gave a talk about my thinking that the Next Digital Disruption is big data and AI. I call it Big Data Intelligence. Artificial intelligence or AI, has become pervasive in business in every industry where decision making is being fundamentally transformed by Thinking Machines. The need for faster and smarter decisions and the management of big data that can make the difference is what is driving this trend. The convergence of big data with AI is inevitable as the automation of smarter decision-making is the next evolution of big data.
If you consider just the evolution of data management it has been a rocky road. Computers helped but there is still worldwide allot of paper. We move atoms more then bits. The history of big data efforts has not always delivered productive outcomes. Then came data warehousing where we digitize all of the information in paper files and put that in discs or databases. Maybe we had web access to it maybe we didn’t. Walk into most hospitals, government offices, doctor offices and businesses and there are still huge paper filing systems that hold most of the information that the organization depends on about customers, vendors, purchasing, products and well, just about everything.
Just collecting or having access to larger data sets will not produce a result. We cannot keep up with the Data Tsunami of 100 terabytes plus today made up of streaming video, text, pictures and voice. Also capturing the legacy data silos in paper and other media is impossible. We are unprepared for knowledge extraction and the demands for faster decision-making that our customers and markets, our planet, will require for high performance, competitive advantage and likely survival in the future will demand.