#228 Real world examples of how big data and AI are transforming industries
(0:25)Introduction: Big data and AI are incorporated into almost every aspect of our lives. Self-driving cars, namely, are being produced. And AI assistants like Alexa and Siri can now help carry out more complex commands.The seed technology that has enabled all these technologies is humongous amounts of data and pattern recognition machine learning algorithms.When Coronavirus appeared, scientists from across the world raced to invent a vaccine. Within three months, the process that used to take decades was completed. The only reason for this was access to big data and AI algorithms. The market for big data was about $32 billion in 2017. And in 2025, it is projected to be $156 billion.In this podcast, Manuj goes over five important ways that you can use big data and AI to improve your business.(1:55)Personalization The first use of big data and AI is the ability to personalize products and services to an individual's preferences. Many of us come from different backgrounds and have different preferences, so we can all benefit from things that are more tailored towards us. Manuj discusses the case of Wimbledon, Spotify, and other OTT platforms like Netflix to explain the use of big data in personalization. (3:56)Security The second use of big data and AI is in the area of security. The internet is a global network of interconnected devices. Whenever data is sent from one device to another, it can be accessed by anyone who has the necessary equipment. Thanks to big data and AI, algorithms can monitor this traffic and detect any anomalies in the data. Manuj discusses how cybercrime grew during the pandemic and how the government is using AI and big data to prevent future attacks. (6:04)Healthcare The third big application of artificial intelligence and big data is in healthcare. Support the showFollow me on Facebook ⬇️https://www.facebook.com/manuj.aggarwal❤️ ID - Manuj Aggarwal■ LinkedIn: https://www.linkedin.com/in/manujaggarwal/ ■ Facebook: https://www.facebook.com/realmanuj■ Instagram: ...