Data + AI company Databricks has published the 2023 State of Data + AI report, examining patterns and trends in AI adoption across more than 9,000 global companies that use the platform as a foundation for their data efforts. The report paints a pretty clear picture on how enterprises are preparing to stay competitive in this new age of generative AI, with data to support how companies are embracing LLMs and what the fastest growing data and AI tools out there are.
Databricks Data Reports Shows How 9,000+ Global Companies are Gearing Up to Be Competitive on AI
UVA Researchers Built an AI Algorithm That Understands Physics
Normally, when testing the behavior of materials under high heat or explosive conditions, researchers have to run simulation after simulation, a data-intensive process that can take days even on a supercomputer. However, with a deep learning algorithm created by Stephen Baek, Phong Nguyen and their research team, the process takes less than a second on a laptop.
Study Finds Data Quality is Still the Largest Obstacle for Successful AI and Greater Human Expertise Needed Across ML Ops Lifecycle
iMerit, a leading artificial intelligence (AI) data solutions company, released its 2023 State of ML Ops report, which includes a study outlining the impact of data on wide-scale commercial-ready AI projects. The study surveyed AI, ML, and data practitioners across industries, and found an increasing need for better data quality and human expertise and oversight in delivering successful AI. This is especially true as powerful new generative AI tools and continuous improvements to automation are rolled out at an increasingly rapid pace.
North America Holds the Largest Market Share in Artificial Intelligence at 43%
Artificial intelligence (AI) has undergone great development in recent years, causing a spike in both interest and adoption around the globe. Data acquired by BanklessTimes.com has revealed that the current value of the global AI market is estimated at $119.78 billion but is expected to grow at a 38.1% CAGR, to reach $1,591.03 billion by the end of 2030.
Oracle’s New Pricing Model Ignores the Value of Java
Scott Sellers, Azul President, CEO & Co-founder, breaks down why Oracle’s recent pricing changes could be the tipping point in accelerating the shift towards third-party Java runtimes
Heard on the Street – 5/25/2023
Welcome to insideBIGDATA’s “Heard on the Street” round-up column! In this regular feature, we highlight thought-leadership commentaries from members of the big data ecosystem. Each edition covers the trends of the day with compelling perspectives that can provide important insights to give you a competitive advantage in the marketplace.
Power to the Data Report: Introduction to H2O.ai
H2O.ai is a company that provides artificial intelligence (AI) and machine learning (ML) platforms and solutions. The company was founded in 2014 by a group of engineers and scientists who were passionate about making AI more accessible to everyone. H2O.ai’s mission is to “democratize AI” by making it easier for businesses and individuals to use AI to solve problems.
“Above the Trend Line” – Your Industry Rumor Central for 5/22/2023
Above the Trend Line: your industry rumor central is a recurring feature of insideBIGDATA. In this column, we present a variety of short time-critical news items grouped by category such as M&A activity, people movements, funding news, financial results, industry alignments, customer wins, rumors and general scuttlebutt floating around the big data, data science and machine learning industries including behind-the-scenes anecdotes and curious buzz.
Close the Data Gap
In this contributed article, Sangeeta Krishnan highlights how a data gap refers to missing data about a particular area of interest. Data gaps are a problem for organizations of all sizes. They can be costly, frustrating and time consuming to fix. But with the right strategies and tools, you can identify where the problems lie and implement effective changes.
insideBIGDATA Latest News – 5/18/2023
In this regular column, we’ll bring you all the latest industry news centered around our main topics of focus: big data, data science, machine learning, AI, and deep learning. Our industry is constantly accelerating with new products and services being announced everyday. Fortunately, we’re in close touch with vendors from this vast ecosystem, so we’re in a unique position to inform you about all that’s new and exciting. Our massive industry database is growing all the time so stay tuned for the latest news items describing technology that may make you and your organization more competitive.