Ensure High-Quality Data Powers Your AI

HBR Staff

AI does not need to fail on a global scale to cause enormous damage — to individuals, companies, and societies. Models frequently get things wrong, hallucinate, drift, and can collapse. Good AI comes from good data, but data quality is an enormous organization-wide issue (and opportunity), yet most companies have neglected it. Companies need to understand the nuances of the problem they’re trying to solve, get the data right (both by having the right data for that problem and by ensuring that the data is error-free), assign responsibility for data quality in the short term, and then push quality efforts upstream in the longer-term.

Twenty years ago, mortgage-backed securities and collateralized debt obligations were all the rage. These new financial products were, initially, a wonder: they helped put millions of people into homes and make billions for banks. Then things went horribly wrong, and they nearly tanked the global economy.

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
The Great Reset And The Rise Of Bitcoin thumbnail

The Great Reset And The Rise Of Bitcoin

While our economy is known for working in cycles of growth and decline, we know that this is a phenomenon that started only in the last century. Before that point, our economy didn’t work with a system that relied entirely on debt. It is this new reliance on debt leading to growth that started these…
Read More
VolkerWessels lifted by marine arm’s return to profit thumbnail

VolkerWessels lifted by marine arm’s return to profit

Turnover edged up 6% to £1.4bn in the year to December 2023 to generate a £39m pre-tax profit, almost level with the prior year. Average group operating margin fell back from 2.8% to 2.5% amid more challenging conditions at VolkerFitzpatrick and VolkerHighways. The marine and environmental infrastructure business VolkerStevin put its previous year’s loss of
Read More
FCA ‘concerned’ over Binance deal to access UK payments network thumbnail

FCA ‘concerned’ over Binance deal to access UK payments network

Choose your subscription Trial Try full digital access and see why over 1 million readers subscribe to the FT For 4 weeks receive unlimited Premium digital access to the FT's trusted, award-winning business news Digital Be informed with the essentialnews and opinion MyFT – track the topics most important to you FT Weekend – full…
Read More
Crypto DAO spends €2.66M on Jodorowsky's Dune thinking they would own its copyright, receives mass ridicule on Twitter thumbnail

Crypto DAO spends €2.66M on Jodorowsky’s Dune thinking they would own its copyright, receives mass ridicule on Twitter

It's the latest addition to a series of crypto-crowdfunding campaigns to receive increased spectator scrutiny. 14339 Total views 92 Total shares Late Saturday, Spice DAO, a decentralized autonomous organization that owns a copy of an unpublished manuscript of Frank Herbert and Alejandro Jodorowsky's never-completed film Dune, announced its roadmap going forward. In the tweet, Spice…
Read More
Index Of News