HOW IMPORTANT IS DATA?
We generate data everyday with every single thing we do. Albeit some of it may be inconsequential but most of it is. Did you just log into your steemit account to read some news feed?. Well that’s data. Aggregation of such information as in who and who logs in to steemit at a particular time and what they look for, what they do, what they upvote, it’s all data. It’s all collectible. It’s all useful. The recent Facebook data scandal revealed really, how much data could be collected and monetized. Mark had realized a long time ago, that in fact data was one of the most valuable assets that he could collect from users of his multi billion dollar platform. Of course the data was used to personalize our feed and give us advertising that was suited to our need, but also, for such data, he realized, there are various companies, institutions and individuals that are willing to pay a lot of money.
So why is data that important?.
You may think it's just a collection of random facts and inconsequential details, but in fact, with a little data sorting and processing, it easily becomes information, the most powerful tool on the planet.
“Data is the new gold”, declares Fredrik Bergström, a consultant who works at digital customer experience development in Tieto.
One of the major applications of this data is in the development of Artificial intelligence.
AI is indeed, one of the fastest growing industries in recent years, and all top tier tech companies are trying their best to stay on top of the game. And you know who has the upper hand amongst them?. Well it’s the hand that has the most data.
You see artificial intelligence has been developed to the extent of even having conversations and making appointments all on their own. but How do you think this BOT would able to come up with appropriate responses to each of the questions it’s asked?. Is it actually sentient? Is it able to process the questions like me and you?. Certainly not. Artifical intelligence is programmed through machine learning and deep learning methods. And you know what that needs? Data. Lots and lots of data.
In the near future, I reckon data would be one of the most valuable commodities and for every valuable commodity, a marketplace has to exist. And guess what, I'm about to tell you about one.
Databroker DAO is the decentralized data marketplace that connects the data generators to those who need it. Its a pretty simple idea if you think about it. Data is needed by some. Data is constantly being created by others. Why not create an ecosystem that connects and rewards both parties?.
Do you generate so much data and don’t know what to do with it?. This one is for you.
Are you an AI programmer in need of data and don’t know where to get it from?. This one is for you as well.
Of course if you’re to buy any data on the Databroker platform, you’ll have to use the data exchange token, DTX. Conveniently, if you intend to use this platform in the future to purchase your data, you can buy DTX right now here on the website.(https://databrokerdao.com/) You can join the Telegram group if you have any inquiries.
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