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What to Expect in Data Analytics in 2020?

By CIOReview | Tuesday, July 28, 2020

Data analytics has become one significant field. Thus, businesses adopting data analytics technologies must stay up to date with the latest trends.

FREMONT, CA: Technology is continuously evolving, and so is the business landscape. In the upcoming years, there will be massive growth in tech-enabled business management, especially with the help of data analytics. There is already a massive amount of data to be managed, and with the latest technological advancements, we can utilize data in several ways. For that, businesses have to stay up to date with the latest trends in data analytics. Here is some of the latest data analytics opportunities which have come up in the industry.

The Intelligent Data Mesh

The intelligent data mesh is considered as the coming revolution in the field of business, which is the meeting point of the physical and digital worlds where humans, machines, data, and services have been entwined together into a mesh. The purpose of the data mesh is to gather the benefits offered by single entities into an individual unit to find solutions to complex problems. One prime industry that is expected to benefit most from this system is the healthcare industry where Intelligent Data Mesh is being hailed as a game-changer in improving patient care.

Blockchain

Blockchain is continuing to be the exciting technology and is expected to remain so for atleast another few years. Innovations are being made in this technology, and wider use cases are emerging. It will not be wrong to consider blockchain as the greatest data analytics opportunity at the current time. Blockchain is now applied in several industries, with its use predicted to keep on rising in the coming days.

Artificial Intelligence

Artificial Intelligence is one such data analytics opportunity which is finding wide adoption in all business management applications. There is considerable research going on at present to incorporate artificial intelligence into the field of data science too. With data becoming larger and more complex, the management of such data is getting out of manual capacities very soon. Businesses, therefore, have turned to the use of artificial intelligence for storing, handling, manipulating, and managing larger chunks of data in a safe environment.

See also: Top Artificial Intelligence Companies