2016 Data Analytics Forecast: Top 5 Trends to Watch

Email     |     Share  
1 | 2 | 3 | 4 | 5 | 6 | 7
Next 2016 Data Analytics Forecast: Top 5 Trends to Watch-3 Next

Validation and Explanation

Growing demand for validation and explanation

Distinguishing real insights from false patterns requires a highly specialized set of skills, yet the U.S. alone faces a shortage of nearly 200,000 people with this expertise. While algorithms can certainly crunch the numbers, decision makers are hesitant to take action based on insight they don’t fully understand, and making decisions based on invalid or inaccurate analysis can lead to disastrous consequences. The shortage of data scientists coupled with the need for understanding will trigger increased demand for solutions that provide automated statistical validation and that dispense with the “black box” model to provide detailed explanation, bring clarity to analyses, and confirm the soundness of data patterns.

Big Data has become a big deal for companies of all sizes. The rush to capitalize on business intelligence to gain a competitive edge has brought forth a bevy of new analytics products, solutions and services designed to help companies make sense of, and gain insight from, an ever-widening array of data. From consumer behavior to weather trends to disease propagation, data has become a competitive differentiator in helping both B2B and B2C companies forecast and make strategic decisions to increase revenue, reduce risk and spur growth.

In 2016, self-service analytics will take center stage, putting the power of advanced, statistically sound business analytics in the hands of business users for fast, simple and sophisticated decision-making. But, along with this move to bring analytics to every desktop, a number of other key trends will drive data analytics forward in the coming year. In this slideshow, BeyondCore has identified the top data analytic trends to watch in 2016.


Related Topics : Vulnerabilities and Patches, Resellers, Broadcom, Broadband Services, Supercomputing

More Slideshows

infra100-190x128 Top 10 Strategic Technology Trends for 2017

Here are the top 10 strategic technology trends that will impact most organizations in 2017. Strategic technology trends are defined as those with substantial disruptive potential or those reaching the tipping point over the next five years. ...  More >>

Global33-290x195 2017 and Beyond: How Digital Innovation Will Impact the World

Digital innovation is by far the biggest influencer, changing the way we do just about everything, from shopping to communication to running a business. ...  More >>

ArriaNLG-IoTAutomation0x Internet of Things Personified: Integration and Automation

The real value that the Internet of Things brings is at the intersection of gathering data and leveraging it. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.