Recently the UK government has announced that they will be funding 40 AI and data analytic projects which are projected to be worth around 13 million euros or in us dollars around 16.8 million. The reseasoning for this to transform industries around the world and to continue the innovation for the future. To add to that they fell as though the key to AI innovation is data. Personally, I can’t agree with this more.
AI is a unique yet very new and unfamiliar innovation that many aren’t aware of or exposed to. The biggest thing that can help elevate it is data to support the new technology. As mentioned in many cases as well in articles, data is the key to innovation. Despite it being a cutting technology their still many undiscovered capabilities AI can have in the industry as well as in the world. Does benefiting both data and AI a really necessary combination to help innovate AI? Will all companies and those working on these projects take advantage of this funding? Is AI alone just enough to fully innovate and understand AI to what its capable of doing? With data becoming more of common use in industry and more advanced programs and systems to make understanding data easier, data could be the key to support AI and supporting it’s innovation to another level.