Data analytics is a domain in constant motion. Early in 2020, it seemed clear that organizations would continue to invest heavily in analytics to support their digital transformations. But the world of analytics and AI looks very different in March 2021 than it did in February 2020. The COVID-19 pandemic has forced enterprises to adopt new ways of working, squeezed budgets, and rendered obsolete many models that relied on historical data.
In 2021, research firm Gartner says data and analytics teams must pivot from traditional techniques that rely on big data to a new class of analytics focused on “small and wide” data. The pressure is acute: A survey of boards of directors conducted by Gartner in July 2020 found that 78% of respondents considered analytics a top-three game-changing technology for their industry as it emerges from the COVID-19 crisis; 69% of respondents felt the same way about AI.
To read this article in full, please click here
(Insider Story)
Read More from This Article: 3 analytics and AI trends that will dominate 2021
Source: News