Getting Your Data AI-Ready: Deep Dish Data Recording
Written by
Mike Galvin, CEO & Co-Founder
Published
April 25, 2024
This month, Matillion’s Deep Dish Data virtual series broadcasted live from the OneSix office in Chicago, the home of deep-dish and data experts. We had a fantastic time engaging with attendees and delving into insightful discussions about preparing data for the AI revolution. Throughout the virtual broadcast from Chicago, we had the pleasure of engaging in meaningful discussions led by industry experts like CEO of OneSix Mike Galvin, best-selling author Joe Reis, and leaders from Matillion, Mark Balkenende and Molly Sandbo.
It’s easy to get swept up in the excitement of the latest buzzword: artificial intelligence (AI). But before diving headfirst into the realm of AI, it’s crucial to ensure that your data is AI-ready. This requires going back to basics and laying a solid foundation in data management.
In a recent panel discussion on getting data AI-ready, the conversation veered towards the fundamentals of data management, particularly data modeling. Joe, an expert with decades of experience in the field, highlighted the importance of understanding the basics of data modeling, lamenting that it’s often overlooked, especially among younger data engineers.
The discussion underscored the fact that most datasets are far from ready for any particular use case or consumption. The reality is that many datasets are messy and lack the necessary structure for effective analysis. To truly harness the power of AI, it’s essential to establish a strong foundation in data management practices like data modeling.
Mike shared a data horror story involving the use of name-value pairs in data, which led to inconsistencies and challenges in data analysis and reporting. This example served as a reminder of the importance of structured data and proper modeling techniques.
The conversation then turned to the influx of unstructured data, such as video, images, and text, and the challenges it presents. While some organizations are eager to leverage unstructured data for insights, many struggle to even understand the possibilities, let alone how to manage and analyze this data effectively.
Molly highlighted some common use cases for unstructured data, including customer support tickets and data classification. She emphasized the importance of automating processes and extracting valuable insights from unstructured data sources.
However, with the advent of generative AI and advanced technologies, the line between what’s possible and what’s practical becomes blurred. As Joe pointed out, easier access to AI capabilities doesn’t eliminate the need for careful consideration and domain expertise.
The panelists also discussed the challenges of trusting AI-driven insights, especially when the underlying data quality is questionable. Despite advancements in AI technology, many organizations still lack confidence in the reliability of their data.
Ultimately, the conversation emphasized the need to balance technological innovation with a deep understanding of data fundamentals. Before embracing AI, organizations must ensure that their data is well-managed, structured, and reliable. Only then can they fully harness the power of AI to drive meaningful insights and business outcomes.
In conclusion, getting your data AI-ready requires more than just deploying the latest AI tools and technologies. It demands a commitment to foundational data management principles and a thorough understanding of your data’s strengths, weaknesses, and potential biases. By prioritizing data quality and investing in robust data management practices, organizations can unlock the true potential of AI and drive innovation in the digital age.
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