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Industry conversations in the last few years have centred around the importance of data to businesses. As the Indian economy transitions to a knowledge-based, digitised economy, the ecosystems and platforms around those are expanding – almost every business has some form of digital process. Hence, in today's digital world, the volume of data entering economy and business ecosystems is massive.
If a department head can use human language to ask questions of data, that manager won’t have to wait for a data scientist or other specialist for answers.
Businesses already swim in data--about product sales, distribution, inventory, manufacturing, practically all their operations. But unused data is useless. The pressure is on business leaders to make that data more accessible to more people while also providing the resources to best leverage this data. AI technologies like machine learning (ML) are thus being embedded into corporate systems to lay the groundwork for this data democratization.
