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AI 'revolutionising' data analytics

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
GlobalData estimates the total data analytics market to have been worth $112.3bn in 2023 and expects it to hit $190bn by 2028.
The article from MSN discusses how Artificial Intelligence (AI) is transforming the field of data analytics. AI's integration into data analytics is enhancing the ability to process, analyze, and interpret vast amounts of data at unprecedented speeds. Key points include AI's capability to automate data preparation, which traditionally consumes a significant portion of analysts' time, thereby allowing for more focus on strategic analysis. AI tools are also improving predictive analytics, enabling businesses to forecast trends, customer behavior, and market dynamics with greater accuracy. Moreover, AI-driven analytics platforms are becoming more user-friendly, making advanced data analysis accessible to non-experts through natural language processing and intuitive interfaces. The article highlights examples like AI in healthcare for personalized medicine, in finance for fraud detection, and in marketing for customer segmentation. However, it also touches on challenges such as data privacy concerns, the need for transparency in AI decision-making processes, and the potential for job displacement, emphasizing the importance of ethical AI deployment and the need for continuous learning among professionals in the field.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/technology/data-science/ai-revolutionising-data-analytics/ar-AA1w2paw ]