Software Engineering Insights

Synthetic data is a term that's been buzzing around the tech world, especially in discussions about AI. So, what exactly is it? 

The unprecedented proliferation of data generated by various digital sources has left businesses grappling with the complexities of managing large volumes of data. According to a report by IDC, the digital universe data is expected to reach 180 zettabytes by 2025. This massive amount of data presents significant challenges for organizations in terms of storage, processing, and analysis.

Nowadays, businesses can produce data analytics based on big data from numerous sources. Once they acquire access to all of the requisite data sources for analytics and business intelligence in order to make better decisions. The transfer of this data is facilitated in a streamlined manner by different data ingestion strategies.

Businesses can save plenty of time and millions of dollars when they use data science to better understand and improve their processes. With the age of the democratization of data, there have been several emerging trends defining enterprise data manipulation and data engineering.  

Artificial Intelligence (AI) and data engineering are closely interlinked. On one hand, making sense of unstructured data is the process known as data science or data engineering. On the other side of the same coin, AI-programmed computers have the ability to learn as they go, getting better at solving particular sorts of problems as they accumulate more data. So one cannot exist without the other.

In today's competitive business landscape, success is directly affected by the accuracy that goes into your decision-making process. The best business decisions are driven by data aggregated from a vast array of white papers, market research reports, surveys, and domain experience. Augmented analytics is a leading data analytics subdomain emerging in the current market.

Chief revenue officers of big brands often are tasked with finding the right balance between short-term revenue pursuits and long-term brand equity building. The emergence of advanced marketing analytics and Big Data is making this job much more challenging. As data is becoming more voluminous and yet more precise, what are the challenges it poses to brand equity?

Big data is inundating businesses, persistently. The idea to collect, analyze, and act up on a set of data is harnessing businesses to make informed decisions and have a strategic plan for time ahead.

Moreover, big data has been the driving force for most of the trending technologies today. Machine Learning, Deep Learning (subsets of Artificial Intelligence), Internet of Things (IoT), Hadoop, NoSQL etc. are strongly backed by big data for processing the results.