Artificial Intelligence and business intelligence can be considered as the forerunners of data trends in 2022

Justin Smith, CIO Review Europe | Wednesday, March 16, 2022

Artificial Intelligence and business intelligence can be considered as the forerunners of data trends in 2022. Recent reports show that the data analytics market has reached a value of $193 billion over the past couple of years. Moreover, the market is expected to grow and reach a value of almost $421 billion in the next 10 years.

Fremont, CA: Artificial Intelligence and business intelligence can be considered as the forerunners of data trends in 2022. Recent reports show that the data analytics market has reached a value of $193 billion over the past couple of years. Moreover, the market is expected to grow and reach a value of almost $421 billion in the next 10 years.

That being said, there are certain technological trends to look forward to in the coming years. One such notable trend is the rise of predictive analytics. Companies are utilizing the various features of data analytics to predict future trends by analysing different markets, customer behaviour, social media and product performance. In addition, predictive analytics also help companies to forecast possible future threats and risks.

On the other hand, cloud-native solutions will be another trend to dominate the business world. The rapid increase of cloud-based environment in companies has shifted the investment focus cloud-based framework which benefits more and costs less than on-premise infrastructure. This practice has led to the adoption of cloud-native analytics solutions which help in creating a more detailed analysis. These solutions are easily accessible from any part of the world which in turn will largely help in the hybrid working culture where employees can access important files, documents and reports effortlessly.

Needless to say, companies around the globe from various sectors are adopting these innovations in order to stay ahead of the competition. By leveraging data analytics, companies are able to gather vital data to understand the market and find opportunities for improvement and progress. By doing so, companies are able to operate in an efficient way and keep themselves active in a competitive market.

 

 

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