Category: ai-technology | data-analysis
By Rosie Patton
By Rosie Patton
trestleiq.com
- Advantages:
- Increased efficiency in data analysis and processing
- Enhanced accuracy in predictions and outcomes
- Ability to process vast amounts of data quickly
- Automation of repetitive tasks, freeing up human resources
- Improved decision-making through data-driven insights
- 24/7 availability without fatigue
- Disadvantages:
- High initial costs for implementation and maintenance
- Potential job displacement for certain roles
- Dependence on data quality and availability
- Challenging integration with existing systems
- Concerns about data privacy and security
- Possibility of biased algorithms if not designed carefully
