Data holds the key to unlocking the full potential of artificial intelligence (AI), yet many businesses struggle to harness it effectively. The complexity of data collection, storage, and analysis often poses a significant challenge. To overcome this, organisations must develop a robust data strategy, focusing on data quality and governance, and ensure that data is accessible and usable.
A data strategy should consider the type of data needed, where it will come from, and how it will be used. It should also ensure compliance with data protection regulations and ethical guidelines. Moreover, data governance is vital for maintaining data quality, security, and privacy, as well as for managing data access and usage.
Data should be stored in a way that allows for easy access and analysis. This can be achieved through the use of data lakes, which store data in its raw form, and data warehouses, which store processed data. Both methods have their advantages and can be used in tandem for optimal results.
Finally, businesses should invest in data literacy training for their staff. This will enable employees to make better use of data and contribute to the company’s data strategy. By prioritising data, businesses can unlock the full potential of AI and gain a competitive edge in the market.
Go to source article: https://www.zdnet.com/article/data-is-the-missing-piece-of-the-ai-puzzle-heres-how-to-start-filling-the-gap/