Analytics

The goal is to improve the algorithms Uber uses to match drivers with passengers, and seek new techniques for building self-driving cars.

As analytical efforts mature at an organization, it becomes increasingly important to build cross-functional teams in which data science is the primary focus and tool.

Although access to markets is more readily available, consumers still seek advice and guidance from agents before making policy decisions.

The IoT demands an extensive range of new technologies and skills that many organizations have yet to master, Gartner says.

The new technology was unveiled at Amazon's re:Invent conference, which drew 32,000 peoplefrom financial services, healthcare and other industries.

Investments in cloud computing will continue aggressively in 2017, but many organizations will opt for multi-cloud environments in their data centers.

The study found that the typical chief data officer has been in their role for an average of 2.4 years, while the chief analytics officer tenure is 2.6 years.

DARPA predictions include the possibility that devices or applications will be capable of being launched by human thoughts.

CDOs are adding to the competitiveness of their organizations by contributing to strategic planning and decision making, and by leading digital business initiatives, the report noted.

Novarica polled insurers on their top 3 priorities for IT spend in 2017, aggregating the responses.