System requirements for Maximo APM – Asset Health Insights Before you install Maximo APM – Asset Health Insights feature pack 7.6.1, ensure that Maximo Asset Management version 184.108.40.206 or
How to overcome the top 3 AI challenges using data management
Artificial intelligence and Machine learning (ML) have become very popular recently due to their ability to both optimize processes and provide the deep insights that push enterprises and industries forward. In fact, 68 percent of respondents in a recent 451 Research Report, Accelerating AI with Data Management; Accelerating Data Management with AI noted that they are either using machine learning or plan to within the next three years.
What’s more impressive is that 92 percent of those currently using machine learning – including companies that have it in proof of concept – “have positive opinions about the performance of their machine learning projects.” Yet, implementation challenges remain. Data management technologies that are themselves infused with AI can overcome these challenges and help enterprises get the most out of their plans for AI and ML.
Three key barriers stood out in 451 Research’s report: a lack of skilled resources, accessing and preparing data and limited budget.
The lack of skilled resources was the top concern noted by respondents with 40 percent listing it as a barrier and 21 percent saying it was the most significant barrier.
That’s no surprise, given that there are only one to two million data scientists, compared to five to ten million business intelligence power users and two hundred to two hundred fifty knowledge workers. Simply put: there aren’t enough data scientists to go around for every company, or even to serve the needs of knowledge workers within individual companies.
Problems with accessing and preparing data, noted by 33 percent of respondents, can stop AI and ML in its tracks. A large body of data is required to deliver the depth of insight expected with these rising technologies. Lacking that data may reduce the accuracy of insight as well, due to missing crucial variables. The limited budgets mentioned by 32 percent of respondents can similarly act as a blocker to AI and ML projects from the start. Such projects will receive intense scrutiny and be able to show their worth from both a cost and value perspective up front. Their champions will need to show how they can increase efficiencies as well.
The role of data management
Data management is capable of helping with all of these challenges, particularly where data ingestion and preparation is concerned—a stage of the AI process 39 percent said they consider to be “the most demanding in relation to their underlying infrastructure.” Data management solutions should be infused with AI and part of a robust data management environment.
More than 66 percent of respondents agreed that “AI and ML are important components of data platforms and analytics initiatives.” That number increases to 88 percent among companies where “nearly all strategic decisions are data-driven.” In particular, ML can help increase efficiencies by optimizing the path a query takes to data. ML also can enable confidence-based querying where answers are returned in order of predicted accuracy, which is determined by looking at historical accuracy data.
The right data management environment is crucial. By choosing an environment with AI built in instead of stand-alone AI solutions, you can control management in a single system. Environments with integration and data virtualization capabilities also enable data to be queried where it resides, reducing the need for costly and time-consuming data movement.
How to overcome the AI challenges
A data management environment with the interconnected, AI-infused nature described above helps mitigate the challenges identified previously. The lack of skilled resources is offset in two ways. Data scientists and database administrators (DBAs) are given back valuable time through the inclusion of development languages and frameworks and automation of routine tasks like query optimization. Both result from building AI directly into data management solutions. Greater connectivity between data repositories in the environment can also help enable knowledge workers to pull some of their own data using intuitive data exploration tools, reducing the number of requests data scientists and DBAs must take on.
The challenges related to data access and preparation are directly affected by choosing the right data management environment. The connectivity created by data virtualization enables access across multiple repositories with different data types without data movement concerns. This should not only make data access and preparation easier than it would be in ecosystems where a reduced subset of siloed data is migrated to be used as part of AI and ML projects. It will also help increase accuracy by involving more data.
Finally, while no data management solution can solve up front budget limitations, it can demonstrate efficiencies and ROI that make investment more palatable. The 92 percent satisfaction rate is a good indicator that businesses are seeing the return they expect. The greater efficiencies which allow data scientists and DBAs to focus on value-additive tasks should also be encouraging. And, though hard to predict, the deeper, more accurate insights AI-infused data management can produce have the potential to open up new revenue-generating opportunities.
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Installing Maximo APM – Asset Health Insights 7.6.1 Before you install the Maximo® APM – Asset Health Insights 7.6.1 feature pack, ensure that the enterprise