Gartner reveals 5 major trends shaping the evolution of Analytics & BI – Moneycontrol

As intelligence is at the core of all digital businesses, IT and business leaders continue to make analytics and BI their top innovation investment priority, said Jim Hare, research vice president at Gartner. This Hype Cycle helps data and analytics leaders make the transition to augmented analytics, to build a digital culture and operationalizing and scaling analytics initiatives.

The five key trends are:

1. Augmented Analytics

As it matures, augmented analytics will become a key feature of modern analytics platforms. It will deliver analysis to everyone in an organization in less time, with less of a requirement for skilled users, and with less interpretative bias than current manual approaches. As the technology develops, there will be more citizen data scientists. Gartner predicts that, by 2020, citizen data scientists will surpass data scientists in the amount of advanced analysis they produce, largely due to the automation of data science tasks.

2. Digital Culture

Developing an effective digital culture may be the first and most important step an organization takes in its digital transformation journey. Data literacy, digital ethics, privacy, enterprise and vendor data-for-good initiatives encompass digital culture, said Hare.

3. Relationship Analytics

The emergence of relationship analytics highlights the growing use of graph, location and social analytical techniques to understand how different entities of interest people, places and things are connected. Analyzing unstructured, constantly changing data can provide users information and context about associations in a network and deeper insights that improve the accuracy of predictions and decision-making.

4. Decision Intelligence

D&A leaders draw on a wealth of data from ecosystems that are in constant motion. This requires them to use a multitude of techniques to manage data effectively. The unpredictability of the outcomes of todays decision models often stems from an inability properly to capture and account for the uncertainty factors linked to these models behavior in a business context. Decision intelligence provides a framework that brings together traditional and advanced techniques to design, model, align, execute, monitor and tune decision models.

5. Operationalizing and Scaling

Visit link:

Gartner reveals 5 major trends shaping the evolution of Analytics & BI - Moneycontrol