Data best practices
Data is becoming increasingly important in today’s world. Not just people in the field of AI but various world leaders are calling data “the new gold” or “the new oil” – basically the commodity that will drive the economy around the world. Data is helping in decision making processes, managing transport, dealing with supply chain issues, supporting healthcare, and so on. The insights derived from data can help businesses improve their efficiency and performance.
Most importantly, data can be used to create new knowledge. In business, for example, data can be used to identify new trends. In medicine, data can be used to uncover new relationships between diseases and to develop new treatments. However, our models are only as good as the data they are trained on. And therefore, the importance of data is likely to continue to increase in the future. As data becomes more accessible and easier to use, it will become increasingly...
