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Making a Successful Business with AI

February 25, 2021 by systems

Data science behind AI implementation

RABI CHATTERJEE
Photo by Markus Winkler on Unsplash

The last decade has seen a drastic change in machine learning or data science. What was beyond a dream a century ago, is now a reality. We have made machines which can talk, help us according to our needs. It has been possible for the advancement of technology. The improvement in the machine learning segment has developed over the years unexpectedly.

Data is inevitable in our day-to-day life. Everything on the Web has been driven by data. Information is all around us, and all of them are data. If it is torn apart, the web is nothing; invalidated. The future is going to be data-driven. We have been aware that the tedious jobs are going to be replaced by machines in the future. It’s pushing the economic growth to the peak.

AI plays a crucial role in data engineering. With the help of it, businesses are transforming their profit scale. To make AI more powerful data is the only element that could direct you towards achievement. Many manufacturers have found that the data is in various formats like MES, ERP, and SCADA. The manufacturers must ensure that they are collecting the right and quality data. The collection of data manually can be a cumbersome task.

Photo by David Pupaza on Unsplash

Strategies to Successful Data Science Projects

Every business is focused on the Data Scientist and the Algorithms to run on top of Data. They are striving regularly to collect accurate information. But the question arises: how to execute the strategies successfully? As it is too complicated, the hard challenges are there to face. They are implementing strategies to be successful in this arena. It doesn’t mean every business is achieving the exact goal. There are obviously some reasons which obstruct the growth of the business. When we see the analytics, we understand the flaws.

Let’s see some strategies first to get an overview of the methods.

1. Building data sets

Some companies like Google, Amazon, and Facebook have their own strong data sets, which provide them with correct analysis reports. Therefore, they are such dominating companies around the world. Gathering data is one of the most important points to mention growing in this innovative competitive market. Extensive data sets allow you to execute advanced AI and ML models.

2. Building models and algorithms

Sometimes, when a failure occurs, we get irritated because of the reason for it. The algorithm has so much power to predict the reason for the failure with 90% accuracy. This is one of such strategies for successful data science projects.

3. Defining the use case

It’s not enough to provide sufficient information to solve your problem. Every business needs to find what their particular problem is that needs to be solved. The more specific the data is, the nearer the destination.

Photo by Hitesh Choudhary on Unsplash

Challenges to Implement AI

Every organization confronts challenges when it comes to data engineering as it comprises connecting to the Data, Pulling it, aggregating, sanitizing, cleaning, and making it AI-ready. So, you see a lot of effort and jobs to do. Connecting with the drivers is a hectic task. There are many drivers for this purpose. Engineers are working harder to augment the AI experience. Starting with data and IT teams connecting it to the drivers to open the private database where you have collected all the information. Though the cleaning step seems like an annoying step, this is mandatory to get error-free data. Visualization is another significant step in making the AI-ready.

Photo by Shane Rounce on Unsplash

Real-Time Streaming of Data to the AI Engine

If you want to process an enormous volume of data like a big firm is collecting an affluent amount of data, real-time streaming can help you gain more. We see the example of it in E-commerce, Network monitoring, Risk management, Pricing, and analytics. So, the Real-Time streaming of Data to the AI engine is the key as many organizations settle for simple snapshot-based training, which does not yield significant results. There are some tools used in the process like Amazon Kinesis, Google Cloud DataFlow, Azure Stream Analytics, IBM Streaming Analytics, Apache Storm. These are some hybrid platforms. As there is a surge in the analytics and machine learning spectre, data streaming is an asset to make a quick decision. Organizations are embracing these platforms to leverage the fruit of data streaming.

Photo by imgix on Unsplash

Integrations of the AI Engines Predictions

Businesses are making billions of dollars of profit with the help of AI predictions. Integrations of the AI engine’s predictions leads to much better results with reliability. Integration of the AI provides an immediate, managed, and outstanding serving layer, which makes the result faster.

For your further information, some AI technologies that are being used with data are Anomaly Detection, Bayes Theorem, Pattern Recognition, Graph Theory, and many more.

Photo by NASA on Unsplash

In the end, I will conclude with one thing. Implementing AI through data engineering is not a simple task, but needs a lot of effort, analysis, visualization and statistical processes to better understand its working method. To be more efficient in this, you need to dig deeper.

Filed Under: Machine Learning

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