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WHERE DID I LEAVE THAT DATA? AI DATA CONCIERGES TO THE RESCUE

Nomad Data
January 31, 2024

The recent leaps forward in AI are impacting every way that work is being done.
From helping write business documents, to authoring code, to helping you search
the web, every day brings new applications for this exciting technology. Now AI
is here to be your personal data concierge, helping you find the data assets
your business has hidden in its darkest corners so you can leverage them in your
work.


TRADITIONAL DATA DISCOVERY IS BROKEN

Data Discovery has historically been a very manual, human-driven task. Most
large companies have data stored across disparate systems and locations. There’s
rarely a single record of all the data a firm possesses, has purchased, or even
just evaluated, forget about an easy way to browse it all. The most
sophisticated data-driven companies employ teams of people that play switchboard
operator, taking in requests for information from business users across the
globe, researching if and where that information exists, and then letting the
requestor know where they can find it. It’s a time intensive process and often a
very frustrating one. The connections made between business problems and data
are only as good as the memories of the humans playing operator.

What makes Data Discovery a particularly challenging problem is the fact that
data requests are extremely nuanced. Take a request for“ Healthcare Data” for
example. One request may be looking for information on adoption of certain
Medicare plans while another may need data on how long people are typically out
of work after certain accidents. These two requests are for very different types
of data, and seeing descriptions or even samples of a dataset is likely not
enough information to answer the question. So how can AI help?




AI DATA CONCIERGE TO THE RESCUE

Modern AI does an excellent job of analyzing large corpuses of text and
extracting meaning from them. If you had a dataset listing every data asset your
company owned and/or created along with a list of every use case for the data,
AI would be able to go through it all in seconds to produce significant insights
and point you in the right direction. The challenge is that companies don’t have
that key dataset to power these Data Concierges, until now.

Late last year Nomad Data launched its data concierge product to help solve this
exact challenge. Employees can simply chat with Data Concierge, asking it to
help locate specific types of data to solve challenging problems as well as
answer questions related to your company’s history with that data, from meetings
about it to purchase information. So how is it powered?

In order to complete its task, Data Concierge requires a stream of information
on these datasets including very detailed information on how they can be used
and the specific problems they can solve. Fortunately, Nomad Data’s data
marketplace of over 2,600 global data vendors and thousands of data inquiries
serves this exact purpose. As hundreds of firms search for data from all over
the globe, data vendors are logging in to the Nomad Data platform and constantly
providing new details on what products they have and whether their data is
relevant to very specific use cases. By coupling all this information with
details on the data itself, this dataset can also be used to infer uses for new
data assets.


NOMAD'S DATA CONCIERGE CONTINUES TO GET SMARTER

As Nomad Data’s global network continues to grow, this core dataset continues to
learn more and more about global data assets. Information trained on this feed
is combined with data from a user’s company to produce ever more accurate
information to help companies locate their data assets.

As the pace of AI innovation continues to grow, the market will develop new ways
to assist workers in doing more. The days of rote, repetitive knowledge work are
coming to an end. AI will enable employees to focus on the highest value-add
activities which will increase overall company productivity but also make work
more interesting for the multitudes engaging in this type of work.

Meet Nomad Data!
We are the world’s marketplace for intelligence. Join the data for everyone
movement.



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