The Mine of Modern Age; Data
With the speed of technological developments and rapidly changing dynamics, data generation is increasing incredibly.
As of 2023, the amount of data generated worldwide is estimated to be approximately 463 exabytes (1 exabyte = 1 billion gigabytes) per day.
The rate of data generation is directly related to the number of transactions and the growth in digital footprint of every individual and business.
The big data analytics market is estimated to be worth approximately $274 billion in 2023. By 2028, this market is projected to expand at an annual growth rate of 12.8%.
The benefits of today’s AI solutions for businesses are becoming increasingly apparent, especially when considering the systems they support with big data and machine learning algorithms.
By 2023, the proportion of companies optimizing business processes using big data and artificial intelligence has reached 80%.
Considering data processing and optimization of processes;
* Automation and Efficiency: It is seen that AI-powered automation increases the efficiency of businesses by up to 40%. This provides great savings, especially in reporting, data analysis and similar manual processes.
* Sector AI Uses: The use of artificial intelligence in their sectors is rapidly expanding. Especially on the B2B side, the proportion of businesses using AI-based solutions to improve customer experience, optimize business processes and make sense of data has exceeded 60%. These data not only strengthen AI’s position in the sector but also shed light on how it can create an impact on the market.
Conceptual Overview
Enterprise processes are at the top of the list when it comes to data creation speeds and usage needs. With the constantly evolving and changing world, they need to be constantly read and optimized like data.
With this approach, the BASEQ AI Team is focused on the optimization of processes and aims to take a picture of the data with the support of artificial intelligence, especially to quickly understand the source.
When it comes to data, specialized engineering skills are required and it is difficult to make data readings in institutions where there is no relevant competence or positioning is difficult.
At this point, the BASEQ AI product was designed so that all steps that can be associated with data can be easily identified and make sense with the support of artificial intelligence.
As expressed in the visuals, the main components of the process consist of the following headings:
* Data Collection
Each organization’s data can be stored in a variety of systems in different ways and methods, and at a high level of granularity.
As such, it is expected to provide access to data as inclusively as possible.
* Communicating with data
When the data is accessed, they are in the form of 1/0s, resembling a MATRIX in terms of size, shape and relationships.
At this point, it is necessary to use simple and functional methods for maximum quality output without expert competencies, touching the data as little as possible.
At this point, Generative AI technologies can be used to create results at the expert level without requiring technical knowledge.
- Sense-Making of Data
By requesting the data, it is ensured that past and forward-looking inferences are made – untouched – by using artificial intelligence models.
- Visualization of Data
The values resulting from the inferences are visualized with text-supported graphics.
- Sharing the output
All outputs are shared in smart URLs and different file types for ease of access.
Within the framework of all these needs, as BASEQ AI, we contribute to the processes of our B2B and B2C customers with the scenario of data interpretation, enrichment and visualization.
Feel free to try BASEQ AI and contact us.
