How To Use Data With AI

How To Use Data With AI

April 11, 2023 by investor

How To Use Data With AI

Data is a key component of Artificial Intelligence systems.

AI looks for patterns in the data and draws conclusions from it.

The better the quality of the data, the better the output.

AI requires a substantial amount of data with which to discover insights.

As AI acquires new data it increases its capabilities.

Data comes in structured and unstructured forms.

The data must be clean and well-structured for AI to use it.

In many applications, the majority of the time is spent capturing and cleaning the data.

Example applications include streaming services that capture the audience’s viewing habits to make recommendations.

Some use AI to personalize their marketing campaigns and outreach programs based on what the customer has bought in the past.

Others use AI to predict customer behavior based on similar customer actions.

In launching an AI initiative, ensure you have access to the right data in sufficient quantities to run the program.

Lack of data is a key failure point for many AI projects.

 

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Hall T Martin is the director of Investor Connect, which is a 501(c)(3) nonprofit dedicated to the education of investors for early-stage funding. All opinions expressed by Hall and podcast guests are solely their own opinions and do not reflect the opinion of Investor Connect. This podcast is for informational purposes only and should not be relied upon for the basis of investment decisions.

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