The amount of digital data in the world is growing at an exponential rate. In 2021, the world broke 75 zettabytes of digital data for the first time. By 2025, that figure could more than double.
We generate a staggering 328.77 million terabytes of data each day, but we use a shockingly small percentage of that data after it’s created. For example, only 2% of the world’s data created in 2020 was used again in 2021.
Data usage, not data collection, is now the name of the game. And in an age where AI makes data more accessible than ever, companies need actionable strategies that help them gather data by joining customers on their journey.
What role should AI play in data navigation?
Data and AI are intrinsically linked. Companies need data to learn more about their customers’ needs, challenges, and triumphs. They need AI to drastically shorten the distance between data collection and data analysis.
This doesn’t mean you need a fully-realized AI strategy in order to get started. All you need to do today is capture the data and have it ready for utilization later. If you capture data in the right ways, you'll be positioned for success even if you don’t know the questions that you might ask of that data in the future. Top-performing companies don’t fear the integration of artificial intelligence alongside their own data practices. Instead, they look for ways to future-proof their data amid the AI revolution.