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2016 Data Analytics Forecast: Top 5 Trends to Watch

  • 2016 Data Analytics Forecast: Top 5 Trends to Watch-

    Privacy Legislation

    Tighter privacy legislation will force changes in security solutions.

    While data privacy and security have always been a top priority, changes in international law have altered the privacy landscape even more with serious business implications. The recent ruling by the European Court of Justice in the case of Schrems v. Data Protection Commissioner changes the way U.S. companies must handle and analyze private data from international consumers. As a result, analytics solutions that conduct analyses in the cloud — without storing or creating copies of the data — will likely emerge as winners and gain market traction, as companies look to solution providers to reduce their security risk.

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2016 Data Analytics Forecast: Top 5 Trends to Watch

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

    Privacy Legislation

    Tighter privacy legislation will force changes in security solutions.

    While data privacy and security have always been a top priority, changes in international law have altered the privacy landscape even more with serious business implications. The recent ruling by the European Court of Justice in the case of Schrems v. Data Protection Commissioner changes the way U.S. companies must handle and analyze private data from international consumers. As a result, analytics solutions that conduct analyses in the cloud — without storing or creating copies of the data — will likely emerge as winners and gain market traction, as companies look to solution providers to reduce their security risk.

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.