📨 Weekly digest: 23 2024 | If AI structures the unstructured, does it solve the problem?
AI can tap into the rich value and insights in your unstructured data today, but does it help? | AI this week in the news; use cases; for the techies
Hello friends, and welcome to the weekly digest, week 23 of 2024.
No longer confined to the tidy rows and columns of spreadsheets, businesses are now unlocking the hidden riches within unstructured data – emails, social media conversations, customer reviews, and more.
Once a tangled mess for traditional analysis, AI is cracking open this information. AI's machine learning techniques are tireless sifters, churning through vast amounts of unstructured data at lightning speed.
Natural language processing (NLP), a subfield of AI, will become the key that unlocks meaning from text, deciphers sentiment in social media posts, and even extracts insights from audio and video files.
This ability to understand the "messy" world of unstructured data can empower businesses profoundly.
Will it bring productivity? growth?
Imagine truly understanding your customers by analyzing their reviews and social media conversations, uncovering their preferences, pinpointing pain points, and using that knowledge to boost satisfaction.
Market research takes on a whole new dimension as AI analyzes news articles, social media trends, and industry reports to unearth hidden market opportunities before the competition.
Product development is no longer a guessing game – AI can analyze customer feedback on existing products, providing invaluable direction for creating features and functionalities that truly resonate with your audience.
Even risk management gets a boost, with AI analyzing unstructured data to identify potential fraud attempts, predict equipment failures, and proactively address threats before they become problems.
Of course, AI is a powerful tool, and its success hinges on having clear goals and the right data infrastructure in place.
The potential to extract value from the previously untapped world of unstructured data is undeniable.
However, how businesses gather insights, make data-driven decisions, and ultimately, gain a significant edge in today's competitive landscape put back the central question, does more data solve our issues?
Businesses always want more. But more of what?
If you haven't already, you can start with our new series: AI dystopia series | The genesis: a flawed utopia:
I am looking forward to reading your thoughts in a comment.
Happy days,
Yael et al.
🦾 AI elsewhere on the interweb
OpenAI signs 100K PwC workers to ChatGPT’s enterprise tier as PwC becomes its first resale partner on TC
Sony will use AI to cut film costs, says CEO Tony Vinciquerra
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