{"id":22119,"date":"2019-11-29T09:49:28","date_gmt":"2019-11-29T09:49:28","guid":{"rendered":"https:\/\/decidesoluciones.es\/?p=22119"},"modified":"2020-03-27T14:05:52","modified_gmt":"2020-03-27T14:05:52","slug":"data-quality-or-data-quantity-which-is-most-important-for-ai","status":"publish","type":"post","link":"https:\/\/decidesoluciones.es\/en\/data-quality-or-data-quantity-which-is-most-important-for-ai\/","title":{"rendered":"Data quality or data quantity, which is most important for AI?"},"content":{"rendered":"\n<p>What is more important when tackling an Artificial Intelligence project, the quality or quantity of data? We&#8217;ll tell you about it in this article.<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>The data boom and the possibilities\nit offers<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>About 2.5 trillion bytes of data are generated\nevery day in the world. These figures have been increasing for years due to the\nhyper-connectivity in which we live, induced by digitalization, Internet of\nThings and social networks. Big Data ecosystems are capable of capturing,\nstoring and managing large amounts of data. The basis to be able to analyze\ntheir information, and extract the value of them. This fact is a real gold mine\nfor companies, which can extract value from the data to improve processes,\nminimize costs or maximize profits.<\/p>\n\n\n\n<p>According to the <a href=\"https:\/\/www.dellemc.com\/en-us\/data-protection\/gdpi\/index.htm\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Dell EMC Global Data Protection Index<\/a>, the amount of data organizations manage has increased by 569% from 2016 to 2018. This large amount of available information helps the data analysis process to improve business decision making.<\/p>\n\n\n\n<p>The different advanced analytics and Artificial\nIntelligence techniques help us to better understand business processes. They\nhelp us to know what happened (Descriptive Analytics), why it happened\n(Diagnostic Analytics), what will happen in the future (Predictive Analytics),\nand which is the best decision to make among all the possible ones\n(Prescriptive Analytics).<\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Data quality is decisive for results<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>But this large amount of available information\nis also a challenge. Nearly 80% of the data generated is erroneous or\nincomplete and therefore of no value to business decision making. <\/p>\n\n\n\n<p>Data quality is important when applying\nArtificial Intelligence techniques, because the results of these solutions will\nbe as good or bad as the quality of the data used.<\/p>\n\n\n\n<p>Entering erroneous or biased data carries\nrisks. The algorithms that feed systems based on Artificial Intelligence can\nonly assume that the data to be analyzed are reliable. Then, if they are\nerroneous, the results will be misleading and the decision-making process will\nbe compromised. <\/p>\n\n\n\n<div style=\"height:40px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>What is better then, quality or\nquantity of data?<\/strong><\/h2>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>In general, more data leads to more reliable\nmodels and therefore better results, but as long as the data is real and\nrepresentative. It is preferable to use less data, rather than more volume but\nwith poor quality. Although sometimes the amount of quality data is\ninsufficient to train and model the problem to be solved, and therefore provide\na solution based on Data Analytics and Artificial Intelligence.<\/p>\n\n\n\n<p>Another recurring problem is that, although the data set to be analyzed is sufficient to take full advantage of Artificial Intelligence systems, there is always a tendency to collect additional data due to the low cost of storage and processing power. The current trend of generating and storing large volumes of information does not seem to diminish in the future. That is why it is important for companies to establish a set of rules and procedures that define and regulate how the data will be treated. To facilitate data governance and ensure the success of <a href=\"https:\/\/decidesoluciones.es\/en\/advanced-analytics\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"advanced analytics (opens in a new tab)\">advanced analytics<\/a> and AI solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is more important when tackling an Artificial Intelligence project, the quality or quantity of data? We&#8217;ll tell you about it in this article. The data boom and the possibilities it offers About 2.5 trillion bytes of data are generated every day in the world. These figures have been increasing for years due to the&hellip;<\/p>\n","protected":false},"author":30,"featured_media":22120,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[262],"tags":[],"class_list":["post-22119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","category-262","description-off"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Data quality or data quantity, which is most important for AI?<\/title>\n<meta name=\"description\" content=\"What is more important when tackling an Artificial Intelligence project, the quality or quantity of data? 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We&#039;ll tell you about it in this article.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/decidesoluciones.es\/en\/data-quality-or-data-quantity-which-is-most-important-for-ai\/\" \/>\n<meta property=\"og:site_name\" content=\"Decide\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-29T09:49:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-27T14:05:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/decidesoluciones.es\/wp-content\/uploads\/2019\/11\/earth-2254769_1920.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1180\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"decide4AI\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Data quality or data quantity, which is most important for AI?\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/decidesoluciones.es\/wp-content\/uploads\/2019\/11\/earth-2254769_1920.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@canaldecide\" \/>\n<meta name=\"twitter:site\" content=\"@canaldecide\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"decide4AI\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/decidesoluciones.es\\\/en\\\/data-quality-or-data-quantity-which-is-most-important-for-ai\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/decidesoluciones.es\\\/en\\\/data-quality-or-data-quantity-which-is-most-important-for-ai\\\/\"},\"author\":{\"name\":\"decide4AI\",\"@id\":\"https:\\\/\\\/decidesoluciones.es\\\/en\\\/#\\\/schema\\\/person\\\/c5a2787a44b67d8f84604a8b87c76075\"},\"headline\":\"Data quality or data quantity, which is most important for AI?\",\"datePublished\":\"2019-11-29T09:49:28+00:00\",\"dateModified\":\"2020-03-27T14:05:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/decidesoluciones.es\\\/en\\\/data-quality-or-data-quantity-which-is-most-important-for-ai\\\/\"},\"wordCount\":505,\"image\":{\"@id\":\"https:\\\/\\\/decidesoluciones.es\\\/en\\\/data-quality-or-data-quantity-which-is-most-important-for-ai\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/decidesoluciones.es\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/earth-2254769_1920.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/decidesoluciones.es\\\/en\\\/data-quality-or-data-quantity-which-is-most-important-for-ai\\\/\",\"url\":\"https:\\\/\\\/decidesoluciones.es\\\/en\\\/data-quality-or-data-quantity-which-is-most-important-for-ai\\\/\",\"name\":\"Data quality or data quantity, which is most important for AI?\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/decidesoluciones.es\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/decidesoluciones.es\\\/en\\\/data-quality-or-data-quantity-which-is-most-important-for-ai\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/decidesoluciones.es\\\/en\\\/data-quality-or-data-quantity-which-is-most-important-for-ai\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/decidesoluciones.es\\\/wp-content\\\/uploads\\\/2019\\\/11\\\/earth-2254769_1920.jpg\",\"datePublished\":\"2019-11-29T09:49:28+00:00\",\"dateModified\":\"2020-03-27T14:05:52+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/decidesoluciones.es\\\/en\\\/#\\\/schema\\\/person\\\/c5a2787a44b67d8f84604a8b87c76075\"},\"description\":\"What is more important when tackling an Artificial Intelligence project, the quality or quantity of data? 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