Artificial intelligence is the most powerful technology that’s transforming humans and offering degrees of freedom in various dimensions.
Pandemic has totally changed the business environment.
Most of the pre-pandemic data is no longer relevant in many industries.
Some companies are now looking at streaming analytics, analyzing real-time data, predicting only based on the last 2 to 3 months instead of the last 5 to 10 years of data.
Nowadays, real-time data analysis can also be automated. Many companies are offering automated data warehouses that can look for Trends themselves. These systems can highlight things that are happening almost in the real time.
Big retailers have already started to move towards systems that can tell them the trends that’s happening in real time like for example the brands that are selling well, the products that are going up or going down. This enables them to react almost in real time.
AI also helps companies to address the uncertainties and foresee realities, where they want to streamline business processes.
AI can contribute to our lives in multiple ways. Like, it can read, it can speak, it can hear, it can recommend, it can ride vehicles, it can visualize, it can analyze videos and photographs.
Experts predict that Artificial Intelligence and Big Data is going to be the big thing in the next decade.