New technologies often engender fear and foreboding among people outside tech industries. The latest example of this trend is artificial intelligence (AI), which is a topic of much concern and misunderstanding among the public. It’s easy to dismiss these qualms as the common human tendency to mistrust the unknown. However, much of the alarm about AI […]
Synthetic Data Generation: Addressing Data Scarcity and Bias in ML Models
There is no doubt that machine learning (ML) is transforming industries across the board, but its effectiveness depends on the data it’s trained on. The ML models traditionally rely on real-world datasets to power the recommendation algorithms, image analysis, chatbots, and other innovative applications that make it so transformative. However, using actual data creates two significant challenges […]
Book of the Month: “AI Governance Comprehensive”
Welcome to December 2024’s “Book of the Month” column. This month, we’re featuring “AI Governance Comprehensive: Tools, Vendors, Controls, and Regulations” by Sunil Soares, available for free download on the YourDataConnect (YDC) website. This book offers readers a strong foundation in AI governance. While the emergence of generative AI (GenAI) has brought AI governance to […]
A Financial Approach to Evaluating Data, Analytics, and AI Investments
Extracting tangible business benefits from data and analytics projects, including those involving AI, has proven challenging for most enterprises. In 2019, VentureBeat reported that 87% of data and analytics (D&A) projects failed to reach production. In 2022, Gartner found that only 20% of insights derived from analytics translated into business outcomes. Despite various reasons for […]
Chatbot Quality Control: Why Data Hygiene Is a Necessity
The rush is on to deploy chatbots. Chatbots rely on data to power their outputs; however, companies that prioritize data quantity over quality risk creating systems that produce unreliable, inappropriate, and simply incorrect responses. Success in this field depends on rigorous data standards and ongoing quality control rather than simply accumulating more training data. When […]
Essential Components for Effective Data Management in the AI Era
Imagine a world where your data not only tells a story but also anticipates your next move – this is the promise of effective data management in the AI era. As organizations try to deal with vast amounts of information, three key components have emerged as essential for unlocking the full potential of data: metadata, […]
Crafting a Secure Future: Integrating an AI-First Security Posture
It is now well understood that integrating AI into an organization’s digital infrastructure will unlock real-time insights for decision-makers, streamline internal workflows by automating repetitive tasks, and enhance customer service interactions with AI-powered assistants. This technology will accelerate everything from purchases to personalized service requests. These benefits have made AI an essential component of modern […]
AI Data Governance Spotlights Privacy and Quality
The emergence of artificial intelligence (AI) brings data governance into sharp focus because grounding large language models (LLMs) with secure, trusted data is the only way to ensure accurate responses. So, what exactly is AI data governance? Let’s define “AI data governance” as the process of managing the data product lifecycle within AI systems. To keep it […]
Unreliable Data Is Essential for AI Progress, and That’s Not a Bad Thing
In May, OpenAI announced a partnership with Reddit to train its language models using the forum’s extensive collection of user-generated content. OpenAI’s goal of enhancing its models’ ability to respond to real-world conversations and diverse linguistic patterns seemed straightforward. But the decision quickly sparked concerns – namely, the potential inclusion of misinformation and biased content in the […]
AIOps and Its Impact on Product Support and Maintenance
In today’s virtual-first economic system, companies are under relentless strain to ensure their products deliver the most effective overall performance with minimal downtime. Whether it’s SaaS software serving thousands of customers globally, or a complex company platform assisting vital commercial enterprise functions, the call for reliability and efficiency is higher than ever. As IT infrastructures […]