Forbes November 18, 2024
Ulrik Stig Hansen, Co-founder and President of Encord.
As AI reshapes industries, most businesses still depend on data platforms built for a previous era of technology.
In the age of big data, platforms like Snowflake, Databricks and Cloudera fundamentally transformed how businesses store and process information. The proliferation of digital technologies—mobile phones, social media and cloud computing—inundated companies with more data than they could handle.
Big data platforms provided the infrastructure to collect, store and process massive datasets. The objective of this era was clear: Apply analytics to glean business intelligence insights. Big data companies excelled at this and reaped the benefits.
But now, we have entered the era of AI, dominated by deep learning and generative AI. These advances...
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