2017 is nearly upon us so we wanted to take a look at the emerging markets and trends within the Data and Analytics industry. Here are 6 things to look out for.
- Predictive Analytics
The rise of predictive analytics is predicted in 2017. Predictive analytics is to ‘Precisely predict future behaviors and events to improve profitability. Make a leap in improving fraud detection rapidly to minimize revenue risk exposure and improve operational excellence.’ According to Big Data Analytics.
- Data Analytics in the clouds
Data is useless unless it is effectively analysed and turned into something that makes a difference. In 2017 we are likely to see more data analytics in the cloud and this will help refine and accelerate the process of turning data into action – potentially cutting costs and improving results of those that embrace the transition.
- The Move toward Informatics
Informatics is defined as: ‘The science of processing data for storage and retrieval; information science.’ by Oxford Dictionary. In 2017 it is predicted that informatics will become increasingly important in the Data Science industry specifically. If this is your area of interest, why not take a look at our current range of Data Science jobs.
- Achieving Maximum Business Intelligence with Data Virtualization
Data virtualization is about unlocking the unknown. Large data sets mean nothing without effective Data Virtualization – effectively manipulating the data via business intel is just one of the many Data and Analytics trends that is expected to continue growing in 2017.
- Wider Adoption of Hadoop
“The Apache Hadoop software library is a framework that allows for the distributed processing of large data sets across clusters of computers using simple programming models.” as defined by Apache themselves. Hadoop is forecast to be adopted by more organisations in 2017. This will allow companies to be able to analyze and work with large amounts of data and from that use advanced analytics to source valuable information.
- Big data and analytics to become businesses cornerstone
The growth of Big Data and Analytics has been enormous in recent years, but it looks as if 2017 will be the year where it becomes an integral part of most businesses. According to Forbes: “In the coming year this (Big Data and Analytics) will be a cornerstone of how businesses operate. Every important decision can and should be supported by the application of data and analytics.” It is true that effective use of Data and Analytics enables companies, no matter the size or industry, to learn and improve, making sometimes marginal, but still vital differences.
We hope you’ve enjoyed our list of Data and Analytics trends for 2017 – should you be interested in a new job within this industry, we would advise you to take a look at our job board or upload your CV at the top of this page and we will contact you if we have a suitable opening. If you run a company that recruits for these kind of positions, then let us help you fill your team with quality personnel. Give us a call on 0117 315 5265.
Sources used: Forbes. Big Data Analytics News.