Trends In Analytics - 2020

Data has evolved to become the lifeblood of every organization and analytics has grown and expanded enough that almost every organization today, recognizes the business value that analytics offers.Significantly improvedcomputational power, combined with low-cost storage and increasingly sophisticated algorithms mean that the next two-three years could possibly usher in the most exciting phase for analytics. Let's take a look at some of the trends that could dominate the near future. For the last couple of years, the trendwas to label everything that does something remotely clever or unexpected as Artificial Intelligence. While AI is certainly worthy of attention,2018 promises to be the year that separates the reality from the hype.Analytically mature organizations have already embarked on small scale experiments to embed greater smartness in their systems in areas of Chat Bots, Fraud detection, and so on. Those who have applied AI in a practical and clearly defined manner will see success.