Buzzwords like Big Data, Artificial Intelligence and Machine Learning are everywhere. Why do we see so much interest in them right now?
Why are they like the London Tube?
The changes in data analytics in the last years are a bit like personal transport at the end of the 19th century in London. A couple years earlier, everybody could walk through the city within 30 minutes, but as the city grew, new modes of transportation were needed as distances got longer. With enough resources, one could travel through the city by carriage, but this solution didn’t work for all who wanted to get across. One great solution were the first underground trains, but they were built and operated by individual companies and one could not change between lines. While this improved travel times immensly, people were still facing problems when switiching lines. Eventually, all lines were merged into a single company with just one great visual overview on how to get where as shown in the well-known image above. And of course, just a single, low fare for the whole travel.