Data is the New Business Currency

The data explosion is very real. According to IDC, the global datasphere will grow from 33 zettabytes in 2018 to 175 by 2025. At the same time, IDC also estimates that 80% of data is unstructured. Unstructured data, which comes in the form of emails, social media, blogs, documents, images and videos, represent a significant source of opportunity for businesses. But due to its unstructured nature, it is difficult for people to gain insight from it using conventional systems. The reality: AI turns data into information. And without AI, companies will not only be very quickly overrun with data, but also unable to monetize that data for competitive edge.