Many key initiatives were announced at last week’s 26th UN Climate Change Conference of the Parties (COP26) in Glasgow to encourage phasing out coal for electricity generation.
The word “data” is ubiquitous in narratives of the modern world. And data, the thing itself, is vital to the functioning of that world. This blog discusses quantifications, types, and implications of data. If you’ve ever wondered how much data there is in the world, what types there are and what that means for AI and businesses, then keep reading!
In a Harvard Business Review article, Thomas C. Redman references a project by AT&T, the world’s largest telecommunications company, where the simple task of reducing invoicing errors uncovered something shocking: over 40% of invoicing data contained errors that cost the company tens of millions of dollars. Even in 2021—the age of digitalization—poor quality data is wreaking havoc in businesses, costing the United States a staggering $3 trillion per year.