Tue, 11 April 2023
How To Use Data With AI
Hello, this is Hall T. Martin with the Startup Funding Espresso -- your daily shot of startup funding and investing.
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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