10 Business Analytics Predictions for 2015
December 31, 2014 10:45 AM
Businesses of all stripes are becoming much more sophisticated in their use of the technology and will broaden its application in the coming year.
1. Two Roles, One Office?
Organizations will clarify the Chief Analytics Officer and Chief Data Officer roles and how they fit into their overall staffing structure.
2. Once Upon a Time
Storytelling will be the hot new job in analytics as executives seek to understand data in context of business.
3. Ensemble Methods Emerge
Ensemble methods for analytical models will grow in popularity. Indeed, ensemble methods use multiple learning algorithms to obtain better predictive performance.
4. Analytics Meets IT Security
The application of analytics for holistic and integrated security breach prevention will be a top priority.
5. Building On the Internet of Things
We will see the emergence of The Analytics of Things as Internet endpoints of all sorts generate data and increasingly analyze their own data before passing on the information to centralized systems.
6. Hadoop Comes of Age
Hadoop, the open source technology, will go mainstream. Already, Hadoop provider Hortonworks has launched a successful IPO. Rival MapR just raised more money. And Cloudera also is very active with customers.
7. Bigger Data Bets
Companies will double their investment in generating new and unique data.
8. Privacy in the Spotlight
Privacy demands will spark tools and services that allow consumers to determine if and how their data is shared and at what price.
9. Your Workforce Redefined
Analytics, machine learning and cognitive computing will increasingly take over the jobs of knowledge workers.
10. Let the Machines Decide
Automated decision making will come of age in 2015.
Special thanks to the International Institute for Analytics. For more slide shows visit our gallery. This slideshow has been reprinted with permission from Information Management.