Top 7 trends to watch out for Big Data Analytics in the year 2020
The world of technology is geared up for 2020, and it has much in store for businesses and customers. It is no hidden fact that Big Data Analytics with time has become a crucial ingredient for enterprises around the world. Be it public or private, companies are willing to use Data analytics on a large scale to give their business that much-needed edge over the competitors. For better implementation of the Big Data Services, you need to an elite Big Data Company that does the work efficiently and effectively.
Further, Big Data Analytics is vital because it retains the existing customers using data banks and saves money. According to the studies conducted over various industries, companies require more dollars to acquire new customers than to retain the existing ones. Therefore, Big Data Analytics companies will help in keeping your expenses in check.
The most significant advantage that the big data analytics service provides is that you don’t have to adjust to the process of the analytics; the analytics will do that for you. That is why the adoption of big data for companies is relatively easy. Therefore, to understand Big Data in the new decade, let us take a look at the Top Big Data Analytics Trends for 2020.
NLP and Conversational Analytics
The voice assistant apps will be even more prominent in the year 2020. Over 50% of the analytic queries around the world will be through voice or Natural Learning Processing (NLP). In addition to this, the support of NLP to business intelligence deployment will increase from 35% to 50% by 2021. Natural Learning Processing gives another level of comfort to the users by making the process of asking the question as simple as the Google-like search. On the search bar, the user can use both text and voice to ask their queries. Apart from asking the consultations, the users can also strike a conversation with the virtual assistants and obtain information in detail.
Increasing the Business Growth
Business intelligence solutions have been helping organizations around the world to improve their processes, and the new age trends in Big Data Analytics are set to take these solutions even higher. Implementing data analytics will have a very positive effect on the product innovation cycle, services, research and development, and many more. The vast data will allow you to see how the landing page of your website is behaving, the amount of audience traction it is bringing, customer surveys, and much more. Real-time insights will help you see the areas which need improvement and resolve them without wasting time.
These days businesses have to wary about climate change as it can negatively affect them in various ways. For example, if you have a company of food or agricultural products, unseasonal rains will be disastrous for you. Opting for Big Data Analytics will help you take a better decision on the best time to sow the seed and harvest them. The analysis is on pure facts instead of assumptions, thus helping the businesses to a more significant extent.
In today’s dynamic business world, the key to success is the speed with efficiency. With Big Data Analytics services, businesses can acquire real-time data that provides them the much-needed edge to stay ahead of the competition.
For example, Big Data Analytics is working exceedingly well for the logistic industry. Further combining IoT with real-time analytics can provide valuable insight to the analysts and decision makers such that they could timely take steps to revolutionize their whole business process to gain better ROIs.
For businesses, big data analytics will be the apt ally for the research and development team as it will cater to a large amount of data in a synchronized manner. The data will be a guiding force in finding what is right for your company, the changing buying habits of the targeted customers.
We are aware of the fact that software engineers and data scientists have two different roles. But because of the increased convergence in cloud computing, two fields must work in tandem. We see the demand for flexible architecture growing; the need for cloud computing will be high as the companies will have a more substantial amount of data to store for future purposes and real-time analysis. Advanced analytics are based on cloud computing as all the data will be provided from that and making the process of adopting the technology more accessible.
Strict GDPR laws have brought data governance to the priority, and thus organizations in the new age don’t take any half measure regarding it. ‘Data is the new Oil’ and since everything is done online, saying that will not be an overstatement. The regulations will have a massive impact on the process of data analysis is done. Big Data Analytics done with stricter GDPR rules will allow a proficient implementation of data analytics by the Big Data service providers. In addition to this, the rise in demand for compliance and regulations, there are high chances of it being a specialized profession, and Big Data Analytics plays a huge role in shaping it up.
Profound use of Artificial Intelligence and Machine Learning
As per researches, 40% of the tasks will be automated by the year 2020. So it will be more than handy for organizations to hire personnel who are well versed in both Machine Learning and Artificial Intelligence. The increase in usage of automation will help in streamlining the work that has in your organization, and Big Data Analytics will be a center point to it. Qualitative analysis, Data Scaling, automation, is some of the general tools that will allow the work to be done faster and in a precise manner. It would have a direct effect on the result and will make the end product durable and sustainable in the market. The inclusion of artificial intelligence and machine learning will provide extra insights that would increase the efficiency of the personals, help them to make decisions under challenging circumstances, and improve the work ethics on the whole.
Channelizing the growth rate
Big Data analytics with the power of data can channelize the growth rate of your business in the right manner. It can foster employs’ skills and areas where they need improvement so that your organization can grow on a larger scale. By deploying data analytics, it becomes easier for the organization to understand consumer behavior and organize the tasks accordingly. It allows the professionals to understand both the core systems and the hardware on which the operations are pinned. It will give a boost to the professional skills set as well.
Big Data analytics will be a significant factor for the improvement and expansion of your organization in the year 2020. All the trends mentioned above will be vital in creating a platform that will help in raising the standards of the work and, thus, the ROIs. The market projects will show that big data will become even more prominent in the new year, so it is better to start working towards it from the word go!
With in-depth knowledge in International Business Management and Information Technology, he can effectively craft business enhancement strategies and can skillfully untangle technical complexities. Writing about the new age technology and sharing his thoughts on the continuously evolving business trends keep him content.