How can AI utilize external data for better decision-making?
AI can enhance decision-making by integrating external data sources, such as market trends, social media, and weather data.
Can you give me an example of how this works in real life?
Sure! For instance, a retail company might use external data on local events to optimize inventory and marketing strategies.
What types of external data are most beneficial for AI?
Beneficial external data types include demographic data, economic indicators, and real-time social media analytics.
Are there any risks associated with using external data?
Yes, risks include data privacy concerns, data quality issues, and potential biases in the external data sources.
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