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Data Innovation refers to the process of developing new ideas, methods, or products that leverage data to create value and drive advancements in various fields. It encompasses the use of big data, analytics, artificial intelligence, and emerging technologies to transform raw data into actionable insights, thereby enhancing efficiency, decision-making, and competitive advantage. Data Innovation can manifest in various ways, including the creation of new data-driven applications, the optimization of existing processes through data analysis, or the development of novel strategies for data collection and management. The goal is to harness the power of data to foster creativity, improve outcomes, and respond to evolving market needs or challenges.
### Government Initiative for AI Expansion The government is embarking on a groundbreaking initiative to establish data and AI laboratories in tier 2 and tier 3 cities across India. This…