Unlocking the Power of AI: Revolutionizing Data Management for Smarter Decision-Making

Artificial intelligence (AI) has revolutionized data management, empowering organizations to leverage data for informed decision-making.This article explores the transformative impact of AI in data management, presenting three key ways it enhances insights.

First, how AI automates critical processes, optimizing workflows and resource allocation. Second, how AI algorithms improve data quality by detecting and rectifying errors, ensuring reliable insights. Last, how AI enables businesses to make informed decisions by uncovering patterns and making accurate predictions.

Embracing AI in data management provides a competitive advantage, driving sophisticated decision-making and valuable insights across industries. This article will highlight the transformative potential of AI in data management, informing data decision-makers why it is essential to seize this opportunity for growth and success.

About the writer: With more than 20 years of experience in software engineering, Jay Mishra is an expert in product vision and development. Jay is the Chief Operating Officer for Astera Software, where he focuses on product development and strategic planning. Jay holds a Master of Science degree in Computer Science from Virginia Tech and a Bachelor of Science in Mathematics and Computing from the Indian Institute of Technology.

Data: it is the backbone of businesses, enabling informed decision-making, enhanced customer service, and innovation. However, effectively managing data presents challenges, from collection to storage and analysis.

Integrating unstructured data is a challenging task due to its diverse formats and lack of structure. Managing this type of data has historically required extensive manual labor and complex systems to ensure the data is properly extracted. Even with a team of experts, there is still a risk of human error, from missing fields to duplications and inconsistencies.

The rise of artificial intelligence (AI) is revolutionizing data management practices, ushering in a new era of efficiency and efficacy. Large language models such as ChatGPT, Bing, and Google Bard are transforming both the speed at which we can process data, and the way we can use and understand that data.

Just as the advent of Excel revolutionized data processing and analysis, AI represents a new frontier in data management capabilities. While Excel brought the power of spreadsheets to the masses, large language models harness the capabilities of advanced language models to process and analyze data in a conversational manner. Unlike Excel’s structured and formula-based approach, AI’s natural language processing abilities enable users to interact with data in a more intuitive and conversational manner.

Using AI, businesses can now query, explore, and gain insights from their data using everyday language, eliminating the need for complex formulas and technical expertise. This opens up new possibilities for users of all backgrounds to effortlessly leverage data in their decision-making processes.

To Know More, Read Full Article @ https://ai-techpark.com/unlocking-the-power-of-ai/ 

Mental Health Apps for 2023

What is ACI

Ulf Zetterberg, Co-CEO of Sinequa, was interviewed by AITech.

Kindly brief us about yourself and your role as the Co-CEO at Sinequa.

I’m a serial entrepreneur, business developer and investor inspired by technology that improves the way we work. I’m passionate about human-augmented technologies like AI and machine learning that elevate human productivity and intelligence, rather than replace humans. In 2010, I co-founded Seal Software, a contract analytics company that was the first to use an AI-powered platform to add intelligence, automation, and visualization capabilities to contract data management. During my tenure, I oversaw the company’s fiscal growth and stability, which led to the acquisition of Seal by DocuSign in May 2020. I later served as President and Chief Revenue Officer of Time is Ltd., a provider of a productivity analytics SaaS platform. I joined Sinequa’s board of directors in March 2021, providing strategic planning and oversight during a time of rapid European expansion. With Sinequa’s fast growth, my role also expanded. So, in January 2023, I joined Alexander Bilger – who has successfully served as Sinequa president and CEO since 2005, in a shared leadership role as Co-CEO with the aim to further accelerate Sinequa’s ambitious global growth. Today there is so much innovation happening around the confluence of AI and enterprise search. I can’t imagine a more exciting space right now, and especially with Sinequa as a leading innovator.

In your opinion, how important is it to augment AI and ML in a way that they can be utilized to their fullest potential and not be a substitute for human skills?

We are experiencing a revolution in what can be done with AI, but it’s not going to make humans obsolete. Humans innately seek ways to make their lives easier and therefore tend to trust automation if it simplifies something. But AI isn’t perfect; for all its capabilities, it still makes mistakes. The more complex and nuanced the situation, the more likely AI is to fail, and those are often the situations that are the most critical. So it is important that we don’t rely on AI to automate everything, but use it to augment human ability, and rely on humans to ensure that the right information is being used to drive the right outcomes.

How important is it to leverage the power of AI in order to boost business performance?

I’m confident that AI is going to very quickly become a key differentiator in everything we do. Being able to use AI effectively will be a competitive advantage; not using AI will be a weakness. Perhaps you’ve heard the saying, “AI isn’t going to replace your job. But someone using AI will.” That is a new era that we are entering, and the same holds true for businesses. Those who find how to apply AI in new and creative ways to improve their business – even in the most mundane of areas – are going to create competitive advantages. I believe it’s going to be less and less about the technology and capability of the AI itself, but rather in how the AI is applied. ChatGPT is just the beginning.

Please brief our audience about the emerging trends of the new generation and how you plan to fulfill the dynamic needs of the AI-ML infrastructure.

To Know More, Visit @ https://ai-techpark.com/aitech-interview-with-ulf-zetterberg/ 

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