|As Big data will increasingly become crowded, smart data is being used to "uncover valuable commercial insights by improving the efficiency and effectiveness of data analytics" / Photo by: Pixabay via Pexels|
Big data will increasingly become crowded, but amidst all that, smart data will be crucial to “uncover valuable commercial insights by improving the efficiency and effectiveness of data analytics,” wrote David Deans for the website Cloud Computing.
According to his report, smart data is “generated by filtering out the noise from big data that’s generated by media, business transactions, the Internet of Things (IoT), and data exhausts from online activity.”
This will also be helped one step further if substantial developments begin in augmented analytics, something that will aid data insights gather better than more traditional analytics tools. It’s this push that’s driving Datameer, Xcalar, Incorta, and Bottlenose to invest in smart data analytics solutions that will make the collection of insights more efficient.
As the big data sphere becomes more and more crucial, so too will it become crowded; this is where artificial intelligence (AI) and machine learning (ML) come in to help “enhance” data analytics tools.
Investing in advanced data analytics also helps everyone have easy access to the process itself, instead of confining that process to only data scientists and IT professionals.
Accessibility will still coincide with other solutions like strengthening cybersecurity, of course, something that has become such a fact of life for the corporate superstructure that actual “in-built security mechanisms” are being installed to preempt potential cybersecurity attacks.
“Markets such as the US, the UK, India, and Dubai have rolled out several initiatives to use AI and ML-powered data analytics tools to generate actionable insights from open data,” said Naga Avinash, research analyst at Frost & Sullivan.
What’s more, investing in smart data analytics will ensure businesses that they won’t be as susceptible to things like data loss, which could ultimately damage the improvement of company product developments, and even customer experiences. Such is the spread of the benefits of smart data.