AI and Big Data: Digital Opportunities at Scale
Big Data technology aims to collect a large amount of heterogeneous information, organise, and use it. Two factors play a crucial role in the development of this technology:
- Scaling up data processing capabilities: increasing the power of computers, the emergence of new, more advanced algorithms, the development of cloud technologies, and artificial intelligence capabilities.
- They are expanding the areas of application of big data, improving their use.
The promising development trends in the field of big data are shaped, first of all, by changes in these critical factors.
Big data pipelines
The development of new software – automation tools designed to work with Big data streams – will make it possible to move from one-time, expensive, and complex projects using big data to their mass use. It will also be an essential step towards standardisation.
Hybrid storage
Previously, the key trend was the use of cloud services for working with big data. But now, due to the growing requirements for the speed and availability of information, tighter integration of big data with key business processes: many large companies “return” big data from the cloud and create their own data storage and processing centres.
Finding the right balance between traditional and cloud technologies is a significant trend.
Machine learning algorithms
The growth in the use of big data in business and government will be associated with the widespread introduction of artificial intelligence and machine learning algorithms to accelerate analysis and increase the number of analysis areas.
This trend must lead to a further increase in the demand for specialists in artificial intelligence.
Digital transformation increases the strategic value of big data.
Companies developing digital technologies are starting to generate more and more information. This allows you to manage business processes more efficiently and expand the use of big data to a wide variety of industries: from operational analysis of the dynamics of drilling rigs to the formation of an individual offer for a customer who has just entered the store.
New corporate strategies must take into account the new opportunities presented by big data technologies.
The market is getting mature.
Big data is now becoming a mature market. On the other hand, customers need a high level of service, disruptive innovation and a comprehensive offering. This will launch mergers and acquisitions in the big data market. Ultimately, this will lead to the emergence of several major players. The market trend is a transition from start-ups specialising in one innovative technology to large companies offering a full range of services – from algorithmic basis to processing and storing big data.
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Moses Dune
CXPORTAL is your award-winning AI, ML, SAP Commerce Cloud and eCommerce digital transformation solutions provider, CXPORTAL is specialised in Innovating business strategy, design and development of digital products, digital platforms engineering and data science solutions. CXPORTAL Leverage Artificial Intelligence, Machine Learning Algorithms, Deep Learning Models, and big data Analytics to unlock and scale your business data, and optimising the operating model for exponential business impact.
