10 ways data and analytics will impact businesses

Augmented analytics and artificial intelligence (AI) are among the top data and analytics technology trends that have the potential to significantly change business operations in the next three to five years, according to a presentation at the Gartner Data and Analytics Summit in Sydney this week. Data and analytics leaders must examine the potential business impact of these technology trends, and adjust business models accordingly--or risk losing competitive advantage to companies that do, Rita Sallam, research vice president at Gartner, said at the event and in a press release. "The story of data and analytics keeps evolving, from supporting internal decision making to continuous intelligence, information products and appointing chief data officers," Sallam said in the release. "It's critical to gain a deeper understanding of the technology trends fueling that evolving story and prioritize them based on business value." With digital transformation efforts underway at most organizations, businesses are collecting more data than ever before, creating challenges but also major opportunities, Donald Feinberg, vice president and distinguished analyst at Gartner, said in the release.