Data analytics have emerged as the ultimate disruptor in this digital age. This year, we will see more data-powered organizations where data analytics would become the core differentiator.
But what is going on in the world of big data services right now? How will it impact our lives this year?
Let’s dive deeper into that!
• Say Hi to the AI Chatbots!
Soon they’ll become the drivers of every big data services! Can you imagine your life without Siri? Can you? Possibly not! Considering their impact on our lives, it is clear that AI chatbots are here to stay! There’s no doubt that chatbots are the huge trend right now. A massive number of bots are appearing in a wide range of industries such as e-commerce, banking, and fashion.
Now people will be using messaging apps more than ever. This is why communications are moving to chat, and here lies the importance of chatbots. Several companies are creating their own chatbots with the ability to have personalized conversations along with a domain knowledge! Gradually, bots will become more smart and able to interact with more users in relevant ways.
• Augmented Reality
It is the most popular technological advance, till now! This year we will see the major growth of augmented reality. The potential for AR in fields like medical, automotive, and marketing is boundless and almost never-ending! AR can be become the interactive access that doctors can help to stay up-to-date in their domain. Additionally, it can be used in improving the accuracy of medical systems.
Organizations like Chevy and Mazda have already started using big data services by introducing the concept of AR in order to display the speed and other warning lights on the windshield of their cars. The massive potential of AR which is a part of is the reason why it is receiving plenty of investment.
• Data Governance
You’ll get to see plenty of trends on data governance this year! The realm of data has become decentralized than it was before. Still, there’ll be continuous struggle for companies that won’t embrace data governance. Businesses of all sizes need to manage data governance in any way and it must be taken seriously as it has become a corporate discipline now. Companies that won’t do that in an effective manner would be putting themselves at great risk. This can result in security breaches, lawsuits, and legal actions.
There are several data management platforms available and they can handle data governance effectively. Not every company have a large-scale governance practice in place as they’re still having a hard time on how to understand about the tricky issues of governance. The penalties, regulatory issues, and risks would push the companies to make their approach stronger than ever before. This can be dissolved by the proper usage, reliability, and visibility of data.
This year we will see IoT to move towards business scale, as the concept would be implemented a lot. Did you know that Rolls-Royce used IoT to increase its fuel efficiency of engines? They also used it to improve the maintenance and flight paths as well. This resulted in 2% reduction of fuel consumption. The value of IoT is fascinating and incredible! Enterprises are gaining a lot from IoT based strategies.
This technology is also helping a lot in improving operational efficiencies, customer engagement, and building new revenue sources. The business leaders should take advantage of this technology to address growing market issues, especially in case of the innovative start-ups. IoT is bringing real-time intelligence to the big data services as well!