Sometimes "Small Data" Is Enough to Create Smart Products

When thinking about practical applications for artificial intelligence in your business, it's easy to assume that you need vast amounts of data to get started. AI is fueled by data, and so it only makes sense that the more data you have, the smarter your AI gets, right? When it comes to extracting intelligence by applying AI to data, context matters. In other words, you can build the biggest data lake imaginable, but if you don't know what you're trying to find and you don't have the right data to do it, then you're not going to get where you want to go. That's because AI is not some magical black box that can ingest mountains of data and then just spit out results.