The document discusses challenges with big data and AI applications. It notes that Fortune 500 companies typically have hundreds of disconnected IT systems storing data in different formats, causing chaos. Managing high-frequency and diverse data from multiple sources like images, files and videos requires complex mechanisms to organize the data before analysis can begin. AI tools are useful for managing big data but companies need to provide tools to enable employees with different data science skills to work with large unified datasets and perform predictive analytics.
2. Storing data is a complicated process.
The complication gets added while
maintaining it. The average Fortune
500 enterprises have a few hundred
enterprises IT systems. Most of them
are at chaos because of different
formats, mismatched references
across data sources and duplication.
Multiplicity in
IT source system
3. Data flow on a real-time basis. There are
issues like censoring of data which remains
as an unspoken topic. For e.g: reading of the
gas exhaust temperature for an offshore
low-pressure compressor is only of limited
value in of itself.
But combined with ambient temperature,
wind speed, compressor pump speed, history
of previous maintenance actions and
maintenance logs can create a valuable
alarm system for offshore rig operators.
Managing the
high-frequency data
4. AI tools sprout from time to time. They are
extremely useful when it comes to
managing big data. An enterprise IT and
analytics team need to provide tools that
enable employees with different levels of
data science proficiency to work with
large data sets and perform predictive
analytics using a unified image.
Adopting emerging AI tools
5. There is no assurance that data comes
in a single format. A company gathers
data through images, files, videos,
documents, etc. However, they are put
under the same roof called big data.
So it is difficult and involves a lot of
mechanisms just to differentiate them
and put them on diverse channels
before doing analysis.
Organising diverse
data content