Artificial Intelligence drives disruption in the analytics space

Advancements in analytics technologies and convergence of technologies have led to transformational breakthroughs in the business landscape, enabling companies to gain a competitive advantage and create new ways of generating revenues. The availability of ever-increasing amounts of structured and unstructured data, along with higher, cheaper and faster computing power, has been essential for the development of advanced analytics. The Internet of Things (IoT) has also boosted the development of the streaming analytics market through sensor-driven, real-time insights into consumer behaviour. Frost & Sullivan's recent analysis, Advanced Analytics: Disruptive Opportunities, reveals the different types of analytics technologies, the potential applications and industries impacted, use cases, future technology convergence scenarios, the patent scenario, emerging business models, and new revenue streams. "It's clear that artificial intelligence, in particular, is disrupting the analytics space, creating new opportunities in healthcare, agriculture, retail, advertising, media, automotive, insurance, banking, finance, customer service, surveillance, gaming, education, and smart homes," said Kiran Kumar, TechVision Program Manager at Frost & Sullivan. For example, analytics will be hugely disruptive to the healthcare space, greatly accelerating the drug discovery process.