Active analytics: The foundation of the fourth industrial revolution paid KineticaHQ
finds that between 2011 and 2016, “progress in capturing value from data and analytics has been uneven.” The problem is, to date, most data still ends up in a giant swamp.
Take autonomous vehicles as an example. Deploying AV at scale is a monumental signal data challenge, from safety, driver experience, regulatory, and smart city perspectives. Which roads at which points in time are safe for autonomous operation with millions of drivers and millions of cars? If every event and decision has to come back to the data swamp, AV won't work.
We all know that risk is dynamic. Every trade and every interaction in the market has an impact on risk, and as a consequence, risk changes by the millisecond.
In healthcare, institutions that use AI to automate decisions about which data is relevant are making huge strides in science and pharmaceutical research, reducing R&D time by years. With active analytics, not only do life-saving medications get to patients faster, but the companies performing the drug trials can take on more trials and more research as the time per trial decreases and the rate of success increases.
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