Data Is King
What is the next technology growth story that will drive demand for data storage? Generative-AI models are designed to respond to you like a human would. In some cases, they can generate audio or video files with a human voice. What generative-AI models are good at is pattern recognition. They make sense of large data sets. And the more data you feed the models, the “smarter” they get. Generative-AI systems like ChatGPT are computing systems with interconnected nodes that work much like neurons in the human brain, with each node having its own computational processes. They accept data, process it, and usually push the output to a new node with new parameters within the network. What is important to understand about machine learning is that there is a human element to advancing the functions of these systems. The more people who use a model, the better the model gets. It “learns” through human interactions and feedback. So, there’s value in being a first mover in this space because it means you’ll collect more feedback than competitors who get a later start. Ultimately, generative-AI models are only as good as the data they’re fed, or “trained” on. Increasing applications for AI technology will mean a lot more data and much higher demand for a place to store it all. AI is playing a huge role in data analytics across many industries.
There’s no doubt that AI will change the way we do things. It has the potential to automate repetitive and time-consuming tasks. And that will give employees more time to focus on other – and more important – duties. Throughout history, there have always been periods when new innovations disrupt everything about how human societies function. But the bottom line is, it’s okay to be apprehensive about new technology and still make money off of it. No matter where you stand on tech, you can’t ignore it as an investment opportunity. Tech investments have likely made the average retail consumer more money than anything else. And it’s nearly impossible to make much money in the stock market, decade after decade, ignoring hot tech trends. However, investors must remain skeptical and strategic. That way you end up holding the historic winners and avoiding the historic losers.
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