The fuel for artificial intelligence is data and it is a concern for large businesses. The Data and Trust Alliance, a nonprofit group, developed standards for describing data origins and its legal rights. It includes data’s origin, history, and intended use. The purpose of these standards is to provide more information and clarity about data. The alliance consists of large companies such as IBM and Walmart who believe that labeling data is akin to the fundamental standards for food safety. The initiative is specifically for business data used for A.I. models and A.I. systems. It is intended to improve the efficiency of data handling and provide greater confidence in the data used. The rise of generative A.I. has heightened concerns about data misuse. The new system has eight basic standards and is expected to be made available to the public early next year. Labeling data is expected to provide greater transparency and efficiency for all in the data supply chain, potentially reducing the time spent on data projects by 15 to 20 percent.
