How Artificial Intelligence Can Help Companies Surf the Wave of Big Data – Barron’s | Artificial intelligence
Photo:
‘schief data officer.
“Data is everywhere around us. We cannot overemphasize security, compliance, privacy, and how we handle and process data,” Stine told Barron’s in an interview. “My job is to industrialize data, to structure it.”
A.I. offers a precise navigational tool, he says, to find the right nuggets of data as more and more information pours into companies, a trend that’s expected to accelerate with the widespread adoption of blur-fast 5G networks later this year. Handling data properly is critical because misusing it, or allowing it to be compromised, can badly damage a brand, he added.
He spoke with Barron’s Wednesday before delivering a speech on “Democratization of A.I.” in San Francisco.
Why the flood of data? Because more than 2 billion smartphone-wielding people worldwide are soaking up bandwidth with video consumption and other forms of entertainment and commerce in real time, at all hours.
To express the challenge another way, 90% of data that exists today wasn’t around two years ago, according to figures compiled by IBM(IBM). By 2020, every person will interact with more than 150 sensor-enabled devices daily, says market researcher IDC.
The “always-on connected” culture and its reliance on big data will have far-reaching effects on cable and telecommunications providers, who are well positioned to extract new revenue from a treasure trove of information about consumers, according to a March report from the Wall Street investment firm Jefferies.
Verizon, conversely, has launched a number of data-focused division across its businesses.
Write to Jonathan Swartz at jonathan.swartz@dowjones.com