The convergence of major trends in the digital landscape is a phenomenon that redefines the future of the IT industry. However, these changes must be embraced with agility and diligence. Artificial Intelligence or AI is the most intriguing development ever made in this field. It is a vast concept that involves many disruptive technologies including machine learning. Now, the researchers are eyeing an iconic change to evolve by the combination of big data and AI.
The Impact of Artificial Intelligence
AI has become pervasive in every industry. It enables smarter decision-making by considering all significant aspects related to a business. big data also has a crucial role in modern day enterprises. When combined with AI, it can become a robust tool for proactive and automated management.
AI has seeped into our daily life through the Internet. People experience it every day without being aware of it. For instance, when you select your shopping cart on an e-commerce website, it automatically shows suggested products depending on your purchase pattern and behavior. This is AI and its effectiveness is correlated to the availability of relevant data and accurate predictive analysis.
What to Expect From This Convergence?
In the recent times, machine learning combined with data analytics has been applied to many complex tasks that were earlier confined to humans. The Internet of Things (IoT) has taken it further. Though, they are all interrelated. Accumulation of massive data sets is futile if we can’t extract relevant information out of them. Similarly, it is hard to imagine a global network for processing and utilizing big data without using an intelligent digital brain. Every program running on these networks must be powered by AI for effectiveness.
Most seemingly, it is the best method to draw better outcomes and accurate analysis of information generated by the huge data sources.
The Future of This Convergence
It can be rightly said that AI is the future of business and industrial development. Big data evidently is also available to every business. However, it largely relies on AI for its meaningful interpretation and subsequent monetization. There are a lot of low-hanging fruit in the convergence of these two technologies. The most alluring is the fact that self-learning machines will largely simplify many complicated processes in the healthcare, banking, finance, education, security management, defense, equity trading, etc.
The Challenges to Be Addressed
To start with, there aren’t specified regulations to manage AI. There are security concerns surrounding this concept and they need to be addressed at the right time. Any stealthy piece of information can become easily accessible for the hackers. The highly sophisticated models can make us vulnerable to many unknown threats.
Secondly, there are concerns regarding the control over this technology. There is a lack of stringent legal provisions to govern the sale and purchase of any software that is deeply embedded into our existence. If they are anticipated to control our traffic, health system, stock markets, et al, they must adhere to several governing laws.
It is clearly understood that autonomous decision-making is the future. But, here again, there are growing concerns regarding the authenticity and ethicality of the automated AI using big data strategy. The accumulation of data on the cloud servers and its easy accessibility to the fraudsters can prove fatal to any business.
All these challenges seem to be intimidating. They add an element of suspicion in the implementation of this convergence. It is essential to remember that any technology becomes disruptive only when we aren’t truly prepared for it.
Artificial intelligence is an expansive field having a huge potential of reforming the areas of science, medicine, and technology. But it is never advisable to turn a blind eye towards their performance and applications. Their impact must be clearly comprehended. The businesses should always be bootstrapped to embrace each new trend in their strategic planning processes. Every latest emergence in IT industry is interrelated and this connectivity is crucial for the success of any enterprise.
Both big data and artificial intelligence are still in a nascent stage. It is not feasible to predict their long-term effect. At the same time, it is hard to lose sight on them. Expectantly, the future will acknowledge the convergence of both these trends with open arms. And, it is going to happen quite soon.
Contributed by: Arun Goyal, Founder at Octal Info Solution, a leading mobile app development company, offering platform to hire android app developers for your own android app development project.
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