Jared is the Principal Data Scientist and Advanced Analytics Manager at Launch Consulting Group. He is a pioneering data scientist who uses the latest and most progressive data tools -R, Hadoop, Python-to drive sound business decisions in the areas of sales operations and finance to date. Jared is a predictive analyst with a proven track record of developing predictive models and analysis, improving accuracy, and establishing credibility. He is a systems thinker who designs custom solutions to streamline procedures, increase productivity, enhance efficiency, and provide insightful analysis of root causes and market opportunities.
Given that storage prices have come down over the last decade, companies may want to hang onto as much data as possible for some perceived future worth. Roughly 80% of the data stored today is unstructured: text, emails, correspondences and so on. That is the kind of data folks anticipate being useful for machine learning and AI purposes.
The potential benefits of data hoarding may not be worth the costs of keeping it, as data retention increases a company's risk to data loss.