Showing posts from July, 2020

AI and ML: Are they one and the same?

As children we believed in magic, imagined, and a fantasy where robots would one day follow our commands, undertaking our most meager tasks and even help with our homework at the push of a button! But sadly it always seemed that these beliefs, along with the idea of self-driven aero cars and jetpacks, belonged in a future beyond our imagination or in a Hollywood Sci-fi. Would we ever get to experience the future in our lifetime? But then it arrived! Artificial Intelligence, aka AI, made its debut in real life and became the buzz word of the 21st century, providing us with new ideas to explore and incredible possibilities. And just as we were getting used to AI we were introduced to Futuristic Learning, Deep Learning, and another term we often confuse with AI: Machine Learning (ML). Whew! Suddenly the future is well and truly here, and it’s hard to keep up with the advancement of these technologies, what each term means and how they relate to one another – particu

5 Key Challenges In Today’s Era of Big Data

Digital transformation will create trillions of dollars of value. While estimates vary, the World Economic Forum in 2016 estimated an increase in $100 trillion in global business and social value by 2030. Due to AI, PwC has estimated an increase of $15.7 trillion and McKinsey has estimated an increase of $13 trillion in annual global GDP by 2030. We are currently in the middle of an AI renaissance, driven by big data and breakthroughs in machine learning and deep learning. These breakthroughs offer opportunities and challenges to companies depending on the speed at which they adapt to these changes. Modern enterprises face 5 key challenges in today’s era of big data 1. Handling a multiplicity of enterprise source systems The average Fortune 500 enterprise has a few hundred enterprise IT systems, all with their different data formats, mismatched references across data sources, and duplication 2. Incorporating and contextualising high frequency data The challenge gets