Big Data in Business: Data Requirements for AI-Driven Businesses

Part 1 of my “Big Data in Business” series.

What’s this about: The driving factor behind the success of many today’s organizations is the implementation of artificial intelligence (AI) and data solutions, which is why so many are pouring resources into the area. Whether the company’s activities involve AI, data science, advanced analytics, machine learning, or some other related process, the goal is to use data to increase revenues and efficiency.

What is Big Data?

For a company to digitally transform or turn itself into an AI-driven business, there are many data and organizational requirements that have disrupted business models across industries. These companies must make a complete data transformation if they want to leverage the power of AI. The combination of modern AI algorithms, cheaper computation and massive amounts of data has led to this explosion of AI in business, and harnessing data is the key to success. Adopting AI is more than just integrating a new type of technology into an organization’s tech stack. It is a full paradigm shift affecting every aspect of the business.

When we talk about data requirements for an AI-driven business, we are often talking about “big data,” which is the term applied to massive and diverse sets of…