By Swapnil Mishra - July 19, 2022 4 Mins Read
In modern enterprises, data architecture should be geared toward a specific outcome, incorporating AI applications that provide explicit benefits for end-users.
Artificial Intelligence (AI) promises cost savings, a competitive edge, and a footing in the future of business for firms that can grasp it. However, while AI adoption rates continue to accelerate, investment levels are frequently disproportionate to financial benefits. Numerous companies invest substantial effort in AI deployments without seeing a measurable ROI.
Meanwhile, in a world where every organization must behave like a tech company to remain competitive, technical teams and Engineering and IT leaders are under increasing pressure to utilize data for commercial growth. Businesses are eager to enhance productivity and optimize return on investment (ROI) from data that is costly to retain, particularly as cloud storage expenditures rise.
Data architecture mapping cannot continue for months without a stated objective to achieve this demand for speedy outcomes. Conversely, it is retrograde to focus on routine data cleansing or Business Intelligence (BI) reporting. Instead, IT executives must construct data architecture with AI at the core of their goals. In modern enterprises, data architecture should be geared toward a specific outcome, incorporating AI applications that provide explicit benefits for end-users.
Several fundamental concepts facilitate the construction of a data architecture capable of supporting AI applications with a positive ROI. There are three compass points against which businesses should evaluate themselves while constructing, structuring, and organizing data: Developing towards a goal, designing for rapid value development, and the ability to measure success.
Despite the fact that these core concepts are an excellent beginning point for technical leaders and teams, it is essential not to become rigid in one’s approach. Otherwise, organizations risk missing opportunities that could provide even higher long-term value. Leaders in the technology sector must maintain a constant connection to emerging technologies that can enhance their work and improve corporate outcomes.
Also Read: Five Effective Ways to Build a Robust Data Lake Architecture
Already some innovations are making processing more cost-efficient. This is crucial because many emerging advanced technologies demand so much computing power that they exist only in theory. Neural networks are a prominent illustration. As the requisite amount of computer power becomes more attainable, companies will gain access to more complex problem-solving techniques. Currently, every machine learning model requires data scientist training. In the future, it may be possible to create models that can train other models.
When it comes to apps or software that can decrease time to value for AI, most technology available can only do one thing well—unbundling the technologies required for AI production. Organizations risk losing valuable time determining which technologies they need and how to integrate them. Nonetheless, technology is progressively emerging that can aid in resolving multiple data architecture use cases and databases designed to fuel AI applications. These more bundled services can help organizations implement AI more quickly.
Data Marts vs. Data Warehouses:
It appears realistic to forecast that data lakes will become the most critical AI and data stack investment for all enterprises in the future. Data lakes will aid firms in comprehending forecasts and determining how to implement those insights most effectively. Data marts will become more valuable in the future. Each team within an organization receives the same information in a manner they can comprehend from a mart.
As technology advances, organizations must keep up or risk falling behind. This necessitates that IT leaders maintain contact with their teams and provide them the opportunity to propose new developments. Even as a company’s data architecture and AI applications become more solid, it is crucial to set aside time for experimentation, learning, and (ultimately) innovation.
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Swapnil Mishra is a Business News Reporter with over six years of experience in journalism and mass communication. With an impressive track record in the industry, Swapnil has worked with different media outlets and has developed technical expertise in drafting content strategies, executive leadership, business strategy, industry insights, best practices, and thought leadership. Swapnil is a journalism graduate who has a keen eye for editorial detail and a strong sense of language skills. She brings her extensive knowledge of the industry to every article she writes, ensuring that her readers receive the most up-to-date and informative news possible. Swapnil's writing style is clear, concise, and engaging, making her articles accessible to readers of all levels of expertise. Her technical expertise, coupled with her eye for detail, ensures that she produces high-quality content that meets the needs of her readers. She calls herself a plant mom and wants to have her own jungle someday.
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