Impact of Blockchain-based AI/ML-enabled Big Data Analytics on Cognitive Services
Vol. 2 , Issue 1 (2024) · pp. 34-41
DOI: 10.64180/oct.it.2105
Abstract
This paper explores the transformative potential of integrating blockchain technology with artificial intelligence (AI), machine learning (ML), and big data analytics in the realm of cognitive services. As industries continue to leverage advanced technologies to enhance decision-making processes and optimize operations, the convergence of blockchain, AI, ML, and big data analytics presents a promising frontier.Blockchain's inherent properties of decentralization, immutability, and transparency offer unique advantages in ensuring data integrity and security, crucial for cognitive services reliant on vast datasets. By leveraging blockchain as a distributed ledger, organizations can mitigate risks associated with data tampering and unauthorized access, fostering trust among stakeholders.The integration of AI and ML algorithms with blockchain-powered big data analytics enables enhanced data processing, analysis, and insights generation. This synergy empowers cognitive services with predictive capabilities, enabling proactive decision-making and personalized user experiences. Moreover, the decentralized nature of blockchain facilitates seamless data sharing and collaboration among diverse stakeholders, promoting innovation and efficiency.