Artificial Intelligence not possible without Information Agenda, experts say
Collecting and using data is a journey and companies need to understand what they need from the insights before they start, experts noted at the Forbes Middle East Big Data's Big Trends Forum.
The event drew the participation of around 200 technology experts, business leaders, and innovators from across the region and beyond to explore how big data is disrupting business. Experts talked about the latest developments, trends, and concerns regarding big data and how business models are changing to implement it.
"We always say you can't have Artificial Intelligence without an Information Agenda. If you don't have your Information Agenda right, you won't be able to take advantage of Artificial Intelligence," said Cherif Morcos, VP of Digital Business Solutions at GBM.
Today, with technologies such as the Internet of Things equipping machines with the ability to monitor our every move, businesses are able to learn more about their consumers. Analysts have estimated that we are producing 2.5 quintillion bytes of data each day, and that pace is only accelerating. While all this data brings with it a great opportunity, experts noted that companies have to be careful about flooding consumers with information.
As estimated by the International Data Corporation, investment in technologies enabling smart cities in the Middle East and Africa region is expected to hit the $2.30 billion mark by 2021.Building cities integrated with next-generation technologies such as the Internet of Things (IoTs) and Artificial Intelligence (AI) requires a huge investment, starting with creating a suitable infrastructure that supports current advancements.
With businesses and governments speedily adopting new technologies, especially AI, experts at the event noted that the hype will ultimately die down.
"We will stop being excited about AI; it will be everywhere all the time. We will worry a lot more about data security," said Caspar Herzberg, president for the Middle East and Africa at Schneider Electric. He also touched on the idea that humans and machines will one day combine to become a singularity. The published author and smart city expert said he expects to see that occurring within the next 10 years.
Several officials also touched upon the topic of data privacy and the best practices when dealing with consumer data.
"You cannot protect data without knowing what the data is. You need to understand what type of data you have and who has access to it," said Mahmoud Al Tabarane, head of Operations at Infowatch.
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