Photos & Videos are very important Data that need to be cared for like any other vital enterprise data such as Purchase Order, Sales Order, Item Master etc.
Data is the new oil of the Digital economy. It has been said that data in the twenty-first century is like oil in the eighteenth century. I don’t agree with this 100%. Like oil, data has to be refined before it is used, and it’s only as valuable as the insights that are drawn from it. Further, oil is a limited commodity, and we all know that the deluge of data is getting bigger every day. And with the proliferation of sensors everywhere, especially in mobile devices, it is much easier to gather data from business operations and also get much better insights from it.
We are data rich, but information poor, this is changing with the rise of AI, ML and the cost of computing power going down significantly experts are able to run several analytics models and cull out some deep insights from the data that is available.
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