The potential of artificial intelligence (AI) and machine learning (ML) seems almost unbounded in its ability to derive and drive new sources of customer, product, service, operational, environmental, and societal value. If your organization is to compete in the economy of the future, then AI must be at the core of your business operations. 

A study by Kearney titled “The Impact of Analytics in 2020” highlights the untapped profitability and business impact for organizations looking for justification to accelerate their data science (AI / ML) and data management investments: 

Explorers could improve profitability by 20% if they were as effective as Leaders Followers could improve profitability by 55% if they were as effective as Leaders Laggards could improve profitability by 81% if they were as effective as Leaders 

The business, operational, and societal impacts could be staggering except for one significant organizational challenge—data. No one less than the godfather of AI, Andrew Ng, has noted the impediment of data and data management in empowering organizations and society in realizing the potential of AI and ML: 

“The model and the code for many applications are basically a solved problem. Now that the models have advanced to a certain point, we’ve got to make the data work as well.” — Andrew Ng

Data is the heart of training AI and ML models. And high-quality, trusted data orchestrated through highly efficient and scalable pipelines means that AI can enable these compelling business and operational outcomes. Just like a healthy heart needs oxygen and reliable blood flow, so too is a steady stream of cleansed, accurate, enriched, and trusted data important to the AI / ML engines. 

For example, one CIO has a team of 500 data engineers managing over 15,000 extract, transform, and load (ETL) jobs that are responsible for acquiring, moving, aggregating, standardizing, and aligning data across 100s of special-purpose data repositories (data marts, data warehouses, data lakes, and data lakehouses). They’re performing these tasks in the organization’s operational and customer-facing systems under ridiculously tight service level agreements (SLAs) to support their growing number of diverse data consumers. It seems Rube Goldberg certainly must have become a data architect (Figure 1). 


Figure 1: Rube Goldberg data architecture

Reducing the debilitating spaghetti architecture structures of one-off, special-purpose, static ETL programs to move, cleanse, align, and transform data is greatly inhibiting the “time to insights” necessary for organizations to fully exploit the unique economic characteristics of data, the “world’s most valuable resource” according to The Economist. 

Emergence of intelligent data pipelines  

The purpose of a data pipeline is to automate and scale common and repetitive data acquisition, transformation, movement, and integration tasks. A properly constructed data pipeline strategy can accelerate and automate the processing associated with gathering, cleansing, transforming, enriching, and moving data to downstream systems and applications. As the volume, variety, and velocity of data continue to grow, the need for data pipelines that can linearly scale within cloud and hybrid cloud environments is becoming increasingly critical to the operations of a business. 

A data pipeline refers to a set of data processing activities that integrates both operational and business logic to perform advanced sourcing, transformation, and loading of data. A data pipeline can run on either a scheduled basis, in real time (streaming), or be triggered by a predetermined rule or set of conditions. 

Additionally, logic and algorithms can be built into a data

Read More

————

By: Bill Schmarzo
Title: Evolution of intelligent data pipelines
Sourced From: www.technologyreview.com/2021/12/06/1040716/evolution-of-intelligent-data-pipelines/
Published Date: Mon, 06 Dec 2021 15:44:00 +0000

Did you miss our previous article…
https://www.mansbrand.com/nft-network-enjin-grows-efinity-platform-with-70-partners-amidst-polkadot-parachain-bid/

Comments

0 comments