Data is the lifeblood of the modern business, and the digital transformation of enterprises, factories, automobiles and just about every possible consumer experience is creating a staggering amount of it. IDC predicts that global data will grow from 40 zettabytes (ZB) in 2019 to 175 ZB by 2025, which is many, many times more bytes of information than there are stars in the observable universe.
But even though CEOs and CIOs are well aware of how valuable all this information could be, machine learning (ML) is waiting for contextual understanding of business or technology improvement – ROI by return on decision making.
