SAS predicts that by 2021, more corporate executives will trust AI. He explained that the better visibility into the results derived from AI, and the easier executives can understand why these results were derived, the more likely they will be to trust decisions made by the AI model.
The cloud was originally built for transactional systems and was not for data analysis, but the company said that it is expected to actively utilize the cloud for analysis as the need for real-time data analysis increases. Analyzing data in real-time requires more memory than traditional applications, and requires a faster network to access data that does not exist in memory.
If 2020 was the year of Corona 19, he predicted that 2021 would be the year of vaccines. A number of vaccines have already been approved in some countries and public vaccinations have begun, and efforts are being made to obtain and transport them worldwide. Data analysis will not only play an important role in the vaccine development process and in the approval phase but will also be used to plan launch and track the distribution process, side effects, and effects.
SAS says patient-first pharmaceutical companies will save more lives. The process of developing new drugs using large amounts of data continues to improve through advanced analytics. For example, advances in data analysis allow clinical trials to test multiple drugs at a time, rather than testing only one drug at a time. In addition, it is becoming easier to develop targeted treatments based on individual genetic characteristics. As a result, the results of each stage of the clinical trial will come out more quickly and provide patients with the opportunity to find the latest and more effective treatments, the company explained.
SAS predicts that consumers will take the initiative through online activities. As consumers' online activity increases, companies are also expanding their online business. This means improving supply chain efficiency, online customer service, and easy scheduling, and can be managed and optimized through data analysis. This allows companies to gain more data and better understand customers who are interested in their products and services.
In addition, the data-native generation, who has been using data on a daily basis since birth, will enter the labor market, contributing to raising the level of analysis and innovation through data from all aspects of the company, the company predicted. In addition, companies with traditional mindsets will have new opportunities to transform through data analysis, and smart small and medium cities using data analysis will catch up with large cities.
SAS Korea's CEO Seung-Woo Lee said, “In today's where uncertainty is higher than ever due to the Corona 19 pandemic, companies can derive insights from data through data analysis and respond quickly to the rapidly changing business environment. "We will focus on solving the challenges and supporting sustainable growth for companies in an era of uncertainty through AI-based analytics solutions."
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