3 data and analytics trends that will dominate 2022

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. The COVID-19 pandemic emerged as a major disruptor.

Early in the pandemic, it seemed organizations might waylay data and analytics advancements to retrench and focused on other pressing priorities like enabling a remote workforce. But, in many cases, organizations accelerated their adoption of data and analytics capabilities and AI. In July 2020, a KPMG study found that 67% of respondents increased the pace of their digital transformation strategy due to the pandemic, with 63% increasing their digital transformation budget.

Things haven’t slowed since. Research firm Fortune Business Insights predicts the global big data analytics market will grow to $549.7 billion in 2028 at a CAGR of 13.2% between 2021 and 2008.

As IT leaders focus attention on data analytics and AI in 2022 and beyond, they should keep the following three closely related trends top-of-mind.

It’s all about the supply chain

The pandemic has put an enormous strain on the global supply chain. The past year has seen ships waiting endlessly to enter ports, containers stacking up at distribution centers, and empty shelves in some cases. For many organizations, supply chain analytics are becoming an essential component of doing business.