Given rapid technological advances, the question for companies is how to integrate new capabilities into their operations and strategies—and position themselves in a world where analytics can upend entire industries. The convergence of several technology trends is accelerating progress. Analytics Insight brought this topic to our attention in their article, “What’s The Next Step for the Data-Driven World? 2022 and Beyond.”
Perhaps the most dramatic outcome of the digital revolution is the amount of data that is now collected and analyzed. The volume of data continues to double every three years as information pours in from digital platforms, wireless sensors, virtual reality applications and mobile phones. Data storage capacity has increased, while its cost has plummeted. Data scientists now have unprecedented computing power at their disposal, and they are devising algorithms that are ever more sophisticated.
By 2025, more than 50% of the data will be collected on the edge, on 41,6 billion Internet of Things (IoT) devices, including 6 billion smartphones. Are we ready?
Data Harmony is a fully customizable suite of software products designed to maximize precise, efficient information management and retrieval. Our suite includes tools for taxonomy and thesauri construction, machine aided indexing, database management, information retrieval and explainable artificial intelligence.
Melody K. Smith
Sponsored by Access Innovations, changing search to found.