To tell it briefly the use of AI and big data is to reduce time, labour and cost and by using blockchain data transactions is more faster. Try googling for better and clear answers.
Topic: What are the benefits of using AI, Blockchain and Big data? (Read 202 times)
AI is the next big thing. AI was only in the form of imagination in the past but now it has taken form into reality. It can do things that were previously impossible. This is like putting a brain in computers.
You can't imagine life without AI. Big data is here to replace the search engines. They are used to reduce the time that takes.
The OP has an elaborate answer but I will try to make it short. AI is everywher, from your car to the assistant of your phone. Imagine life withou this. Big data is just huge amount of data. Imagine the google search made by people in a day stored in files in a warehouse. From this, big data helps to design custom search only for users specific purpose. Blockchain is, roughly, a p2p netwok, almost like a torrent. I think you could find the usecases in google quite easily.
The combination can be intriguing for the whole world as it will change the way tech works. The blockchain is like whole new space for the digital world as it runs through the computers of people who are engaged with it. The interaction is never ending and the blocks are infinite and more infinity is being added to it. I guess use of AI to work within that infinite environment can set free the limits of computation and thus bring revolution to us. Yes big data can be stored on it, forever in the blocks and also secure from the hackers, leakers and much more. I believe that there are endless benefits of these and they will work as the time passes.
The main feature that blockchain will provide there is the access with keys to the data and most likely the ability to register publicly the use and authorisations available.
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The benefits that we derive from science goes in education, whether we fail to see it or not science has helped humans in understanding more the world that we live in.
Combining with the Blockchain and BigData could make the verification of transferable data seamless. Anyone who has ever had to deal with large amounts of information knows that there’re always high costs associated with big data such as data duplication.
The project integrates AI, BigData and Blockchain so it’s tech which enables benefits numerous for everyone involve. Several projects that are in this field, starting from-in DataLabs, supplychain, logistics, industry-marketplace, Stamping, open source publishing science and others project.
According it to very match because Blockchain itself can be accessed by anyone. So very helpful such as transparency, cost-fees, confidence, accuracy, simplicity and others.
Well, something like that my brother
The benefit of using AI and Big data is that they will help you with reduction of cost and your time. Blockchain is a great technology that makes the data transfer more faster than the traditional method and it is way more transparent. You can always search in google for more details.
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Well the question is very generalised one. Benefits of these things will be based on the usage and where they are going to be applied. I mean an AI can be used in versatile fields and if you are asking about the AI use in and blockchain tech together then yes there are chances that new world possibility can come online. I mean I guess blockchain can be further improved with this. Even it’s use can be applied in mining industry for improving faster networks.
I think AI is a big help for reducing time by helping eliminating the fake or scams. Blockchain is a technology that keeps crypto currency safe and annonymous. It will keep track and record of your transaction details.
There are various sources where there is detailed information about AI, Blockchain and Big data but the basic idea is, AI and Big data would reduce time and costs while Blockchain makes all the data transactions transparent and faster than the conventional system. And as I've mentioned before you can read about it in detail from various articles that discuss on the matter in detail.
There are several benefits. But the main point here is, the whole world is heading towards the AI and global currency, so the general common sense of its usefulness can come in there too. It reduces wasting time, give notification time to time and mainly it suggest the stats and to act according to it.
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I will try to mention some articles that worth to read and this will give you all of answer regarding your question. https://medium.com/bcterminal/how-blockchain-cuts-costs-for-financial-institutions-808e419cd947\
https://www.pwc.com/m1/en/media-centre/articles/blockchain-new-tool-to-cut-costs.html
https://www.business.com/articles/how-blockchain-can-cut-wasted-costs/
They are all reliable links and they can be trusted. It's about to cut the maintenance cost by used the tradiitonal economic system. you can search more interesting article on internet.
actually the use of blockchain is quite relative, so the benefits used are not directly applied to blockchain, generally and of course until now what we can see is that blockchain is only used to raise funds for their development, so in my opinion, the impact is not directly.
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It's all about efficiency, the main purpose of AI? to automatize most of the things so that we don't need human resources anymore to do something which will definitely reduce the cost and improve the productivity. However other purpose is to make the life of human easier aswell.
Different with blockchain, albeit having the same purpose which is to improve efficiency blockchain is designed to eliminate middle man and the border or limitation between transaction internationally while don't have any artificial intelligence built in but a command that will do as designed.
Different with blockchain, albeit having the same purpose which is to improve efficiency blockchain is designed to eliminate middle man and the border or limitation between transaction internationally while don't have any artificial intelligence built in but a command that will do as designed.
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AI and buy data are being used nowadays to save or reduce cost, energy and time being required by human to do a large task or work and at the same time increasing efficiency of output or result. Some trading companies now use AI to make trading decisions.
These innovative technologies are able to bring humanity to a new level of existence. Blockchain makes intermediary services unnecessary; artificial intelligence is capable of automating many technological and production processes. The study of large amounts of information allows you to make accurate forecasts in any field and take appropriate effective measures to prevent natural disasters or other problems.
Actually the answer is already on Google but that is the usefulness of this forum, I will try to answer the benefits briefly. The most important benefit from AI And Big data in my opinion is to reduce costs and time spent, blockchain also makes all data transactions more transparent and faster than conventional systems. Maybe this article can help you: https://www.newgenapps.com/blog/importance-benefits-competitive-advantage-big-data
Our tools are supported by AI, Blockchain and Big Data and that will eradicate the need for extensive search engines and will do a preliminary background check of the candidates. Resumes can be stored securely and can be segregated based on skill set and location. Artificial Intelligence can effectively remove a lot of unwanted and fake resumes from the huge resume banks. It can match the right candidates that best fit a job.
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