Why Data Is The New Oil

The field of artificial intelligence is red hot thanks in part to big companies like Google, Facebook, and Microsoft using AI-related techniques to train computers to recognize objects in photos and understand human language. But these companies were only able to train their computers to perform these difficult feats because they have the enormous quantities of data that’s required. Companies that want to use artificial intelligence techniques like machine learning algorithms to improve their businesses will need to either have or acquire copious amounts of data, which will only become more valuable as the field of AI advances. That’s one of the takeaways from a panel on artificial intelligence Monday in Aspen, Co. during Fortune’s annual Brainstorm Technology conference. “Data is the new oil,” Shivon Zilis, a partner with the…


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