{"id":55405,"date":"2020-09-08T12:48:11","date_gmt":"2020-09-08T11:48:11","guid":{"rendered":"https:\/\/www.clickworker.com\/?page_id=55405"},"modified":"2022-11-23T10:27:09","modified_gmt":"2022-11-23T09:27:09","slug":"smart-data","status":"publish","type":"page","link":"https:\/\/www.clickworker.com\/ai-glossary\/smart-data\/","title":{"rendered":"Smart Data"},"content":{"rendered":"<section class=\"white section-space top_grey_separation_sm\">\r\n<div class=\"container\">\r\n<div class=\"row\">\r\n<div class=\"col-lg-6\">\r\n\r\n<span class=\"gl_letter_offcanvas gl_single\">S<\/span>\r\n<h1 class=\"section-headline pt-4 mt-1 mb-4\"><span class=\"gl_single_headline\">Smart Data<\/span><\/h1>\r\n<ul>\r\n \t<li><a href=\"#explanation\">Smart Data \u2013 Short Explanation<\/a><\/li>\r\n \t<li><a href=\"#world\">Smart Data in the Real World<\/a><\/li>\r\n\t<li><a href=\"#AI\">Smart Data in the World of AI<\/a><\/li>\r\n\t\r\n<\/ul>\r\n<\/div>\r\n\t\r\n<div class=\"col-lg-6\">\r\n\t\t\t <img decoding=\"async\" src=\"https:\/\/www.clickworker.com\/wp-content\/uploads\/2020\/09\/Smart-Data.png\" alt=\"Smart Data\" class=\"gl_image max-width-100\"\/><\/div>\r\n<\/div>\r\n<\/div>\r\n<\/section>\r\n\r\n\r\n<section class=\"gray section-space\">\r\n<div class=\"container\">\r\n<div class=\"row\">\r\n<div class=\"col-lg-12\">\r\n<h2 class=\"section-headline mb-4\" id=\"explanation\">Smart Data \u2013 Short Explanation<\/h2>\r\n<p>The amount of data being gathered and compiled in the world is continuing to grow at an astronomical pace. From a social media perspective alone, a single minute is massive when it comes to data. In one minute: <\/p>\r\n<ul>\r\n<li>48 hours of video files are uploaded <\/li>\r\n<li>100,000 tweets get sent<\/li>\r\n<li>600,000 messages and conversations happen on Facebook<\/li>\r\n<\/ul>\r\n<p>When you consider that data comprises IoT sensors, medical records, corporate communications, and so much more, you can start to see the real picture with regards to data. Now, data in itself is not bad \u2013 it is, in fact, the basis of the resurgence of interest and progress in Artificial Intelligence (AI) and Machine Learning (ML).<\/p>\r\n<p>Unfortunately, data quality can, at times, be suspect. Some estimates put the cost of &#8220;bad data&#8221; as close to 12% of an organization&#8217;s revenue. The adage \u2013 garbage in, garbage &#8211; out is generally quite applicable in this scenario.<\/p>\r\n<p>With <strong>smart data<\/strong>, the information is already tagged and categorized at the collection point. This ensures that the data can be analyzed without further optimization being required. The \u201csmart\u201d label relates to the data gathering point having the right skills to make a decision on the data it gathers instead of sending that information onwards.<\/p>\r\n\r\n\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/section>\r\n\r\n<section class=\"white section-space bottom_grey_separation_sm\">\r\n<div class=\"container\">\r\n<div class=\"row\">\r\n<div class=\"col-lg-12\">\r\n<h2 class=\"section-headline mb-4\" id=\"world\">Smart Data in the Real World<\/h2>\r\n<p>When discussing smart data, think about it as data that formatted in a fashion that allows it to make sense. Traditionally data is compiled from multiple sources and then compiled, formatted, and analyzed on a fixed schedule. This often means that when the information is actually reviewed in person, the information is already out of date. <\/p>\r\n<p>Smart data helps to transform this paradigm by analyzing the data at the collection point. This not only benefits companies and organizations in terms of time savings but can improve the ability of data to drive actions. <\/p>\r\n<p>Many organizations believe that collecting data is by itself a virtue. They collect copious amounts of data on their customers, transactions, products, and services in data warehouses and data lakes. They believe that the collection of data with a future intent to use it is the right choice. In reality, a better decision is to collect data that is useful to their business. Data storage is expensive and takes time to gather. Gathering smart data that can be used is a more efficient use of time and resources.\r\n<\/p>\r\n\r\n<blockquote><p class=\"pb-3\"><strong>Tip:<\/strong><\/p>\r\n\r\n<p class=\"pb-3\">Smart Data is available from clickworker in all quantities and in high quality to train your AI system optimally<\/p><a href=\"https:\/\/www.clickworker.com\/ai-datasets-for-machine-learning\/\" class=\"btn btn-primary\" role=\"button\">More about Datasets for Machine Learning<\/a><\/blockquote>\r\n\r\n\r\n<h2 class=\"section-headline mb-4\" id=\"AI\">Smart Data in the World of AI<\/h2>\r\n<p>When thinking about smart data, a great example is that of self-driving vehicles. Here sensor data needs to be acted upon instantaneously to ensure that the driver and passengers are protected and kept safe. Sensors that are able to receive data and analyze the information is only one step in the process. These sensors also need to make decisions so that a vehicles steering and braking are influenced.<\/p>\r\n<p>However, smart data is both data at the edge (IoT and similar) as well as data that has been processed and categorized. The latter is ideal for ML as a tool to train and educate algorithms. Using smart data in this way lets ML algorithms process data in an unsupervised fashion.\r\n<\/p>\r\n\r\n\r\n\t<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/section>","protected":false},"excerpt":{"rendered":"<p>S Smart Data Smart Data \u2013 Short Explanation Smart Data in the Real World Smart Data in the World of AI Smart Data \u2013 Short Explanation The amount of data being gathered and compiled in the world is continuing to grow at an astronomical pace. From a social media perspective alone, a single minute is [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":54483,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"blank_with_breadcrumb.php","meta":{"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Smart Data - Term explanation in the AI glossary | clickworker<\/title>\n<meta name=\"description\" content=\"Smart data is both data at the edge (IoT and similar) as well as data that has been processed and categorized.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.clickworker.com\/ai-glossary\/smart-data\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smart Data - Term explanation in the AI glossary | clickworker\" \/>\n<meta property=\"og:description\" content=\"Smart data is both data at the edge (IoT and similar) as well as data that has been processed and categorized.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.clickworker.com\/ai-glossary\/smart-data\/\" \/>\n<meta property=\"og:site_name\" content=\"clickworker.com\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-23T09:27:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.clickworker.com\/wp-content\/uploads\/2020\/09\/Smart-Data.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.clickworker.com\/ai-glossary\/smart-data\/\",\"url\":\"https:\/\/www.clickworker.com\/ai-glossary\/smart-data\/\",\"name\":\"Smart Data - 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