Your data, believe it or not, has value, and not just to a business looking for leads or a telemarketer trying to sell you something. And how that data is collected and used will play a significant role in our future, and for hundreds of years after you and I are gone.
I’d like to introduce you to the concept of “democratizing data.”
What Is Democratizing Data?
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According to the Beginners Guide To Data Democratization, the basic idea behind data democratization is “breaking down silos and providing access to data when and where it is needed at any given moment.” Silos prevent access to data. Data democratization gives open and equal access to data, for whoever and whatever can benefit from it.
Why Is This Important?
Artificial intelligence (AI) is considered by many to be today’s most important technology, and it will change how we interact and relate to technology and each other. The intelligence will come from somewhere – it will come from us. AI is created and trained by humans and data, but where is that data coming from and is it properly representing the human race?
In a recent interview with Gabe Colors on the Coloring Crypto Podcast, Synapse AI CEO Dan Gailey explained the importance of democratizing data. “In order to create models that represent people, that represent humanity as a whole, you have to kind of open the opportunity for contributing data up to everyone. So, it can’t, in essence, be just owned and monopolized by a business who has a particular directive and audience that they care to serve.”
Not only is democratizing data important to allow for richer information coming from a wide base of participants from around the world as Dan mentions above, it allows fairer access to valuable information. “And what happens after they train that data, or they train their models, and use that data, is that data kind of goes away, right? No one else can use it.”
The Future of Democratizing Data
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Data democratization allows “everyone” opportunities to access data that can be used to train machines and develop AI. In Synapse AI’s crusade to democratize data, they are rewarding data participants for the information they give with cryptocurrency, and allowing companies and individuals fair access to purchase this data.
From your Netflix viewing history to the images on your phone, data democratization will allow you to monetize your data, and help develop future technologies that will revolutionize the world.
Learn More About Democratizing Data:
- Democratizing Artificial Intelligence by Democratizing Data Access with Dan Gailey
- Democratizing Data? Here’s What You Need To Know About Data Education
- What Is Data Democratization? A Super Simple Explanation And The Key Pros And Cons
Learn More About Synapse AI:
- Website: https://synapse.ai/
- Whitepaper: https://s3.amazonaws.com/synapseai/whitepaper/whitepaper.pdf
- Earn 50 Free SYN (Referral Link): https://tokensale.synapse.ai/r/19001
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Right on! We are witnessing an evolution unlike anything people have seen before.