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The Potential Of Big Data And Analytics

Abstract from http://www.gartner.com/smarterwithgartner

In 2017 the use of data and analytics will increase greatly, creating value both inside and outside organizations that have prepared for this shift.

To support a ‘data and analytics everywhere’ world, IT professionals need to create a new end-to-end architecture built for agility, scale and experimentation.

The picture shows Big Data as the result of a set of tools and analysis that could be transform in strategic decision in order to make profit.

Ted Friedman, vice president and distinguished analyst at Gartner cites three key trends that will drive this profound change in the use of data and analytics:

  • Data and analytics will drive modern business operations, and not simply reflect their performance.
  • Organizations will take a holistic approach to data and analytics.
  • Executives will make data and analytics part of the business strategy, which will allow data and analytics professionals to assume new roles and create business growth.

In spite of the importance of Big Data and Analytics, a majority of today’s businesses are “nowhere close” to recognizing the value analytics can bring. The reasons are simple: lack of vision, lack of communication.

The good news: you can do something about it.

To sum up, As data and analytics become more widely adopted than ever before, the potential for business growth is truly exponential rather than just cumulative. Those who fail to act today will suffer not just in 2017, but also hugely limit their potential for growth in 2018 and beyond, as the returns from increased insight, responsiveness and efficiency snowball.

More details at http://www.gartner.com/smarterwithgartner

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