The present and future require data. Data to both train AI, and give intelligent systems the info it needs to optimize decisions.
What if, 50 or 100 years ago, companies began recording data on their customers, parts, failure rate, etc.? Even though there was no AI or IofT back then, today that data would be valuable.
So, is your company capturing data today that maybe useful in the future?
If you think about it, it's like buying a lottery ticket. You pay a little now, hoping for a huge payoff later. Except that, unlike a lottery ticket, the odds are better than even that it will pay off.
© 2025 Praveen Puri
