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Why do we need to collect data?

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Data to a machine is similar to food for human being to function. The world of Artificial Intelligence revolves around Data. Every company whether small or big is collecting data from as many sources as possible. Data is called the New Gold today. It is through data collection that a business or management has the quality information they need to make informed decisions from further analysis, study, and research. Data collection allows them to stay on top of trends, provide answers to problems, and analyze new insights to great effect.

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