Similar to how software is practically eating the world at this point through every facet of society. I am figuring that AI will do the same over a period of time, I base this on three main premises: Abundance of data, accessibility to tools, and the dispersion of information. Let’s dive into each of these arguments a bit further.
Abundance of Data
One of the main reasons why AI is so powerful today is due to the fact that data is ubiquitous and it is increasing every single day. Businesses today have a lot of data sitting around and not being used to get any form of insights in order to drive growth or solve a problem.
Some of these data are indeed worthless while others are pretty valuable if they can find the correct methods to tap into the data and generate insights.
You have two types of data that can be collected today, Internal and external, internal data is normal data that a business collects such as sales data, financial data, document data, and other miscellaneous forms of data.
External data is data from the wild, this can be from an external data source such as from the internet that can be collected and further add value to the overall pipeline.
Accessibility to Tools
Tools are all around us to get the job done these days. Especially with the creation of ChatGPT and other chatbots, it’s quite remarkable the value you can derive by interacting with a chatbot. This talk below can show you the powers of ChatGPT and a glimpse of the future.
Dispersion of Information
Information on how to use tools and take advantage of this era of analyzing data is all around us. It’s way easier today to learn how to use these tools from a simple Google search or by talking to a chatbot. There are no excuses at all as the information is out there.
Now What?
Basically, research on how to incorporate some of these tools into your business workflow the value they provide is quite immense and it will pay off in the future.
