Most technological innovations are being driven by AI (Artificial Intelligence) and big data analytics. These fast-expanding innovations have seen rapid development over the years with no signs of slowing down. In fact, we are heading towards a future where these two technologies will be a part of every industry.
The benefits of intelligent machines can already be felt in the information technology, medical, and banking sectors. AI has also made the daunting task of playing with data exceedingly simple.
AI isn’t a concept of the future. It has already permeated our lives on a consumer level. Turn on your smartphone and you’ll be able to make use of AI in the form of voice and face recognition.
Suggestions you receive while browsing the internet because of past purchase history is also the work of AI. Artificial Intelligence is still wholly dependent on humans and will remain so for a while. However, it isn’t at a stage where it can replace all of the humans at work.
Big data can be defined as high-volume, high-velocity, and high-variety information assets that demand information processing that’s innovative and cost-effective. It gives organizations and people better insight, decision-making, and process automation.
What happens when you combine AI and Big Data?
Without data, AI isn’t nearly as capable as it can be. Machines become intelligent machines by studying data. Those vast chunks of big data are made available for tools to analyze and learn from. These sets of data help machines interpret data patterns as well as trends, which then allow them to predict the future with high accuracy.
The combination of AI and big data analytics gives organizations the power to process large amounts of data rapidly. In the past, significant investments in financially-exorbitant software and hardware were required for data management.
Big data and AI have thus changed the way information is managed. Additionally, updated AI algorithms have revolutionized how machines learn and handle data.
If you’d like a real-world example of AI and big data working in conjunction, look no further than chatbots. AI and Big data are technologies that have helped and will help bring about a transformation. Both of these technologies haven’t even come close to their peak potential yet. They are still in a progressive stage with the future unveiling new uses for them. Businesses that invest in big data analytics and AI can therefore expect massive dividends in the future.
iMovo have recently partnered with ChatCreate – an easy to use interface and powerful AI technology which is designed to get up and running in a few days. ChatCreate is an intelligent plugin that helps companies automate simple customer service conversations in minutes. It instantly finds and suggests topics that can be automated based on your company’s personalised chat history. ChatCrete makes it much easier for SMEs with limited budgets and resources to capitalise on the application of Artificial Intelligence (AI).