Digital transformations are fueling the equivalent of a global data gold rush. We know from leading analyst firms that 90% of all data was created in the last two years and it will grow by a factor of two over the next five years. This has resulted in a changed perception of business, one that requires a shift from conventional business models to those that leverage data to gain actionable insights to improve operations, enhances customer experience and accelerates revenue.
According to 451 Research, 96% of enterprises are actively pursuing a hybrid IT strategy. Modern, real-time businesses require accelerated cycles of innovation that are expensive and difficult to maintain with legacy data platforms. Cloud technologies and respective service providers have evolved solutions to address these challenges.
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A lot of things got easier in 2021 as technology advanced tremendously to continue making the digital world more accessible and integrated into our everyday lives. But luckily there was something that got harder in 2021: being irresponsible with data. You see, with great power comes great responsibility, and as people’s data gets poured online, more and more restrictions appear to ensure that data is always safe, without exceptions.
The start of a new year is a perfect time to reflect on what was accomplished and look forward, re-evaluate what we can do better. Change, although difficult at first, can also be very rewarding. That’s why I was excited to see similar sentiments shared at Thoughtspot beyond.2021 to move beyond the traditional dashboards of the past.
In part one and two, we introduced Iguazio's feature store and discussed the benefits of using one in the ML workflow. Additionally, we ingested and transformed the data that we will be using to train our model. In this blog, we will do the following.