Action is a must but feed me data first
Feed Me!” Data is Food for Thought and Fuel for the Machine. Today, most of us couldn’t be less interested in data. It can seem like food for businessmen, teachers, lawyers and doctors. This data can be gained in various ways and from several sources. From this respect, we can say that very medical procedure, Facebook post, credit application, movie recommendation, fraudulent act, spam, and purchase of any kind—each positive or negative outcome, each successful or failed sales call, each incident, event, and transaction—is encoded as data and ware located.
This Pool grows by an estimated 2.5 quintillion bytes per day (that’sa1 with 18 zeros after it). Accordingly, so a veritable Big Bang has set off a plethora of examples extremely great in number, only computers could manage to learn from them. If used correctly, computers would avidly soak up this ocean like a sponge.
Data Makes Gold!
However we have ourselves a genuine gold rush of this invaluable data, it isn’t gold. I think data in its raw form is boring crud. But gold is what’s discovered therein. The process of machines learning from data shows us the power of this exploding resource. It also tells what drives people and the actions they take—what makes us tick and how this world works.
In this regard, I can see data is the raw material of the necessary and valuable production in all industries. Action must be taken according to data, and future action must be planned according to truly guessed events. Anyway, with the new knowledge gained, prediction is really possible. Through learning process we discover insightful gems such as:[1]
· Egypt has no political prisoners.
· Israel is defending its existence
· Rihanna fans are mostly Democrats
· Early retirement will decrease your life expectancy
· Online daters are more consistently rated as attractive receive less interest
· Local crimes increase after public sporting events
· Machine learning builds upon developing predictive
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