The vector database

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As per a report, the global artificial intelligence market, fuelled by data, will “expand at a compound annual growth rate of 39.4% to reach $422.37 billion by 2028.” There’s no turning back from the data inundation and AI era that’s upon us.

Data is getting complex and poses unique challenges for business analytics. Often, complex data comes from several sources, with each having a different structure, size, query language and type. Companies look to analyse data complexity from many new and disparate sources as part of their decision-making.

The complexities have led to evolve a newer category of database management, that is Vector databases. This will bring a paradigm shift for making use of the exponential volumes of unstructured data sitting untapped in object stores.

Today’s businesses need to analyse more data – and more data sources – than ever with the exponential growth of new platforms, online channels, software and other technological innovations. A vector database should not only use a high-performance algorithm, but also ideally offer custom algorithms, if the need arises.

Complex data is growing at break-neck speed. These are unstructured forms of data that include documents, images, videos, and plain text on the web. Many organizations would benefit from storing and analysing complex data, but complex data can be difficult for traditional databases built with structured data in mind.

Classifying complex data with keywords and metadata alone may be insufficient to fully represent all of its various characteristics. Vector databases are designed specifically to deal with vector embeddings.

Vector databases are great for building recommender systems. With the availability of data – and data complexity – businesses must know how to use data legally, understand and analyse insights, and discover applied uses to ensure the information doesn’t go to waste.

Until now, vector databases have been .

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