Analytics trends to look forward to – 2018

 

Data is the New Sun!

2017 has seen role of big data analytics grow and diversify it’s application into various business domains, ranging from retail business to governance sphere. Analytics has facilitated the use of unstructured data into usable insights. As business house continue to take leaps of growth with the revolutionary data analytics, it is expected that this growing and expanding vertical shall leave an indelible mark in 2018 too.

2017 had data analytics as the core of discussion and for those who are keen to know what 2018 is going to look like, well, here are some talked about predictions about it:

  • ARTIFICIAL INTELLIGENCE BECOMES INTELLIGENT

The area of Artificial intelligence had been the center of attraction all through 2017 and will continue to evolve in 2018. Expecting discoveries in voice recognition and video analytics. With large amount of data streaming AI will help organizations with quicker predictions and decision making through easy identification of objects, people and environment.

  • MACHINE LEARNING

The concept of artificial intelligence and machine learning went hand in hand in 2017. Machine learning applications will mature in 2018 as organizations reshape their infrastructures not only to automate repetitive tasks but also to improve customer experience.

  • THE IoT INFLUENCE

The internet of things will be the core of data analysis in 2018. With easy and quick access to smartphones and tablets, business houses have started investing more capital in IoT to gather the needed data and shall be an important part in near future.

  • PRESCRIPTIVE OR PREDICTIVE ANALYSIS

This year shall see a more forward approach towards prescriptive and descriptive analytics. This will help in optimizing, discovering and optimally deploying predictive models, allowing businesses to take wiser decisions with their data.

  • DATA VISUALIZATION

Data visualization continues to gain ground. Visualization of data has allowed translation of unstructured data into useful and comprehensible insights, becoming an integral part of data analysis.

  • COGNITIVE TECHNOLOGIES

Cognitive technologies have helped extend the power of IT to tasks that were traditionally performed by humans, enabling organizations to break their tradeoffs with speed, cost and quality. This year shall see analytics automating tasks like strategizing, reasoning and learning and its application shall extend to as far as face and writing recognition.

Well, these are a few of the expectations we have from analytics, nevertheless it surely has much in store for us!

References:

http://www.dataversity.net/big-data-trends-2018/

http://www.digitalistmag.com/cio-knowledge/2018/01/03/top-10-trends-for-analytics-in-2018-05668659

http://www.algoworks.com/blog/big-data-trends-2018/

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