Here is why businesses are transforming with AI:
- Volume – Due to the high volume of data.
- 64 zettabytes data in 2020
- More than 50% data is created in the last 2 years
- 15 billion mobile devices are used
- Variety – diverse amount of data present
- Structure, semi-structured and unstructured data
- 244.4M video viewers in 2020
- 500 million tweets/ day
- Veracity – Trustworthyness of the data
- Batch, real-time, streams of data processed
- Lose of $3.1 Trillion/ year due to poor data quality in the US
- More than 80% of data is unused in business
- Velocity – depends on how fast data can be analysed
- 3.5 billion searches/ day in Google
- Average mobile upload speed is 8.55 Mbps & internet download speed is 30.78 Mbps
By – Dr Anandhi Vivek Dhukaram
Empowering the future with AI literacy training, AI Use Case, Innovation & Strategy Workshops for AI Business Transformation