Digitization, Internet of things, connected humans, connected machines, and connected world are all generating large volumes of data at an unprecedented scale. IDC predicts that by 2025, there will be 175 zettabytes of data and continue growing at an exponential scale. These trends would give an impression that data is available at an unbelievable scale at everyone’s disposal. It’s not exactly so. Many artificial intelligence (AI) projects and innovations get stalled due to non-availability of data or because the data collection process is too cumbersome and time consuming. Believe it or not but great ideas get nipped in the bud due to data scarcity!
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