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Lesson 13 Gartner Top 10 Trends in Data and Analytics For 2020

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75 views9 pages

Lesson 13 Gartner Top 10 Trends in Data and Analytics For 2020

quantitative

Uploaded by

Aizel Almonte
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Gartner Top 10 Trends in Data and Analytics for 2020

Trend 1: Smarter, faster, more responsible


AI
By the end of 2024, 75% of enterprises will shift from piloting to
operationalizing AI, driving a 5X increase in streaming data and analytics
infrastructures.

Within the current pandemic context, AI techniques such as machine


learning (ML), optimization and natural language processing (NLP) are
providing vital insights and predictions about the spread of the virus and the
effectiveness and impact of countermeasures. AI and machine learning are
critical realigning supply and the supply chain to new demand patterns.

“ Pre-COVID models based on historical


data may no longer be valid ”
AI techniques such as reinforcement learning and distributed learning are
creating more adaptable and flexible systems to handle complex business
situations; for example, agent-based systems can model and stimulate
complex systems - particularly now when pre-COVID models based on
historical data may no longer be valid. 

Significant investments made in new chip architectures such as neuromorphic


hardware that can be deployed on edge devices are accelerating AI and ML
computations and workloads and reducing reliance on centralized systems
that require high bandwidths. Eventually, this could lead to more scalable AI
solutions that have higher business impact.

Responsible AI that enables model transparency is essential to protect


against poor decisions. It results in better human-machine collaboration and
trust for greater adoption and alignment of decisions throughout the
organization.

Trend 2: Decline of the dashboard


Dynamic data stories with more automated and consumerized experiences
will replace visual, point-and-click authoring and exploration. As a result, the
amount of time users spend using predefined dashboards will decline. The
shift to in-context data stories means that the most relevant insights will
stream to each user based on their context, role or use. These dynamic
insights leverage technologies such as augmented analytics, NLP, streaming
anomaly detection and collaboration.

Data and analytics leaders need to regularly evaluate their existing analytics
and business intelligence (BI) tools and innovative startups offering new
augmented and NLP-driven user experiences beyond the predefined
dashboard.

Trend 3: Decision intelligence


By 2023, more than 33% of large organizations will have analysts practicing
decision intelligence, including decision modeling.

Decision intelligence brings together a number of disciplines, including


decision management and decision support. It encompasses applications in
the field of complex adaptive systems that bring together multiple traditional
and advanced disciplines.

It provides a framework to help data and analytics leaders design, compose,


model, align, execute, monitor and tune decision models and processes in the
context of business outcomes and behavior.

Explore using decision management and modeling technology when decisions


need multiple logical and mathematical techniques, must be automated or
semi-automated, or must be documented and audited.
Trend 4: X analytics
Gartner coined the term “X analytics” to be an umbrella term, where X is the
data variable for a range of different structured and unstructured content such
as text analytics, video analytics, audio analytics, etc.

Data and analytics leaders use X analytics to solve society’s toughest


challenges, including climate change, disease prevention and wildlife
protection.

During the pandemic, AI has been critical in combing through thousands of


research papers, news sources, social media posts and clinical trials data to
help medical and public health experts predict disease spread, capacity-plan,
find new treatments and identify vulnerable populations. X analytics combined
with AI and other techniques such as graph analytics (another top trend) will
play a key role in identifying, predicting and planning for natural disasters and
other business crises and opportunities in the future.

Data and analytics leaders should explore X analytics capabilities available


from their existing vendors, such as cloud vendors for image, video and voice
analytics, but recognize that innovation will likely come from small disruptive
startups and cloud providers.
Trend 5: Augmented data management
Augmented data management uses ML and AI techniques to optimize and
improve operations.  It also converts metadata from being used in auditing,
lineage and reporting to powering dynamic systems.

Augmented data management products can examine large samples of


operational data, including actual queries, performance data and schemas.
Using the existing usage and workload data, an augmented engine can tune
operations and optimize configuration, security and performance.

Data and analytics leaders should look for augmented data management
enabling active metadata to simplify and consolidate their architectures, and
also increase automation in their redundant data management tasks.

Trend 6: Cloud is a given


By 2022, public cloud services will be essential for 90% of data and analytics
innovation.

As data and analytics moves to the cloud, data and analytics leaders still
struggle to align the right services to the right use cases, which leads to
unnecessary increased governance and integration overhead.

The question for data and analytics is moving from how much a given service
costs to how it can meet the workload’s performance requirements beyond the
list price.
Data and analytics leaders need to prioritize workloads that can exploit cloud
capabilities and focus on cost optimization and other benefits such as change
and innovation acceleration when moving to cloud.

Trend 7: Data and analytics worlds collide


Data and analytics capabilities have traditionally been considered distinct
capabilities  and managed accordingly. Vendors offering end-to-end workflows
enabled by augmented analytics blur the distinction between once separate
markets.

The collision of data and analytics will increase interaction and collaboration
between historically separate data and analytics roles. This impacts not only
the technologies and capabilities provided, but also the people and processes
that support and use them. The spectrum of roles will extend from traditional
data and analytics roles in IT to information explorer, consumer and citizen
developer as an example.

To turn the collision into a constructive convergence, incorporate both data


and analytics tools and capabilities into the analytics stack. Beyond tools,
focus on people and processes to foster communication and collaboration.
Leverage data and analytics ecosystems enabled by an augmented approach
that have the potential to deliver coherent stacks.
Trend 8: Data marketplaces and exchanges
By 2022, 35% of large organizations will be either sellers or buyers of data via
formal online data marketplaces, up from 25% in 2020.

Data marketplaces and exchanges provide single platforms to consolidate


third-party data offerings. These marketplaces and exchanges provide
centralized availability and access (to X analytics and other unique data sets,
for example) that create economies of scale to reduce costs for third-party
data.

To monetize data assets through data marketplaces, data and analytics


leaders should establish a fair and transparent methodology by defining a
data governance principle that ecosystems partners can rely on.

Trend 9: Blockchain in data and analytics


Blockchain technologies address two challenges in data and analytics.
First, blockchain provides the full lineage of assets and transactions. Second,
blockchain provides transparency for complex networks of participants.

Outside of limited bitcoin and smart contract use cases, ledger database
management systems (DBMSs) will provide a more attractive option for
single-enterprise auditing of data sources. By 2021, Gartner estimates that
most permissioned blockchain uses will be replaced by ledger DBMS
products.
Data and analytics should position blockchain technologies as supplementary
to their existing data management infrastructure by highlighting the
capabilities mismatch between data management infrastructure and
blockchain technologies.

Trend 10: Relationships form the foundation


of data and analytics value
By 2023, graph technologies will facilitate rapid contextualization for decision
making in 30% of organizations worldwide. Graph analytics is a set of analytic
techniques that allows for the exploration of relationships between entities of
interest such as organizations, people and transactions.

It helps data and analytics leaders find unknown relationships in data and
review data not easily analyzed with traditional analytics.

For example, as the world scrambles to respond to current and future


pandemics, graph technologies can relate entities across everything from
geospatial data on people’s phones to facial-recognition systems that can
analyze photos to determine who might have come into contact with
individuals who later tested positive for the coronavirus.
“ Consider investigating how graph
algorithms and technologies can improve
your AI and ML initiatives ”
When combined with ML algorithms, these technologies can be used to comb
through thousands of data sources and documents that could help medical
and public health experts rapidly discover new possible treatments or factors
that contribute to more negative outcomes for some patients.

Data and analytics leaders need to evaluate opportunities to incorporate


graph analytics into their analytics portfolios and applications to uncover
hidden patterns and relationships. In addition, consider investigating how
graph algorithms and technologies can improve your AI and ML initiatives.

https://www.gartner.com/smarterwithgartner/gartner-top-10-trends-in-data-and-analytics-for-2020

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