Data Analytics is reshaping
every industry by providing insights that are often surprising and
counterintuitive. As the technology economy continues to evolve, Data Analytics
will continue to play a critical role in the development of each industry sector.
Here is a list of trends that we can expect to see within Data Analytics in the
coming years:
1. The algorithmic economy
Algorithmic approaches from
machine learning, deep learning and natural language processing (NLP) will be
crucial for dealing with the colossal tsunamic of data we will see in coming
years.
2. Evolving Data Analytics architecture
AI, BI, Cloud, data at rest and data in
transit, in-memory spinning disk all must co-exist in the new economy. Data
Analytics architectures will need to adapt in order to accommodate these broad
and diverse data types. Approximately 95% of all data is unstructured so Data
Analytics tool will need to evolve to cope with large, unstructured data sets.
3. Speed
Customers in this day and
age demand instant gratification and speed will be of the utmost importance for
Data Analytics systems to be able to deliver real value to corporations. Data
Analytics platforms will need to deliver
results in real-time.
4. Collaboration
Data Analytics platforms
will need to adapt analytic innovation with security, scalability and
availability. Everyone within corporations will need to have access to Data
Analytics insights, regardless of their technical acumen. This will facilitate
effective and strategic collaboration throughout large organisations.
One thing is certain, Data
Analytics will be a very exciting area to watch in the next few years. Big,
exciting changes can be expected!
