How Innovation is Changing the Analytics Landscape

by December 29, 2017

The world of analytics is undergoing a sensational transformation as the spurting technologies and new enterprise strategies are infringing each other’s territories. The current analytics landscape is undergoing tremendous change with the emergence and development of Cloud, Automation and other Intelligent Platforms. Cloud has become a fierce force in changing business models, architecture and team structures. The traditional processes have been taken over by Automation. The world of analytics is rapidly growing and artificial intelligence platforms have widened the reach of analytics among customers.

The world that we live in today is swift and is dominated by disruptive innovation. The digital transformation has been accelerated by Globalization, sped up technology advancement, boundless cloud scale, pervasive connectivity and of course, the Internet. But the challenges faced by data and analytics professionals are related to familiarizing with the constant change and matching the pace with the frantic pace of innovation, in order to remain on the same page.

As machines have begun taking repetitive analytics work and the on-premise infrastructure has moved to the cloud, employees are adapting to working on smaller projects with a limited number of people involved. The basic idea of svelte, frisky analytics reinforcement is to eliminate the non-value added activities and increase the overall value.

Platforms that include data integration and data preparation come with pre-developed industry models and are becoming astute enough to plug and play data sources, self-repair when data pipelines encounter an error and even self-maintain with minimal human interaction.

The time period of certain months usually required to complete an analytics project has been reduced to weeks or a few days’ time as cloud cancels time-consuming server purchase, set up, software installation, configuration, and categorization. On-site staffing models merge with blended virtual and 100% virtual delivery models, considering the analytics consulting universe that lives at the fore of industry changeover. Historical project-based consulting work has been slowly shifting to on-demand staff augmentation and subscription like support models.

To consolidate continually changing, diverse data source realms, data catalogs, data pipeline orchestration, data visualization and hybrid analytics technologies have become pivotal assets in a digital era analytics ordnance. The contemporary data chaos is brought in much order through these varied solutions.

Conventional data warehousing and analytics architecture is also diverting from rigorous, bequest data systems to adept, pliable, on-demand cloud service designs that can gain maximum benefit out of big data and analytics for the minimum recurring costs.

The extensive design of analytics cloud services, and, compute and serverless technologies, along with numerous database types, data lakes, Internet of Things (IoT) has become astounding to grasp, piece together and estimate usage-based pricing. To compose and administer modern analytics architecture, new cloud data architect and data pipeline engineer roles have currently emerged in the analytics universe.

One more major analytics difference in the digital universe is the necessary speed required for automated decisions. In an interconnected, omnichannel world of digitization, there is a constant tiff between timely intelligence being a need or a want to prosper. There is a gradual decline in the use cases for batch reporting. In programmed channels, one does not have the liberty to pull out a report or wait for a data refresh from the previous night, or day, week or month. To close the convolution between insight and action in digital processes, analytics and predictive algorithms are increasingly being ingrained directly within business apps and processes. Intelligent systems consequently decide or conjointly lead humans during the decision making process from machine-generated insights.

The nature of human work is already undergoing exceptional transformation while there will always be scope for humans to have work. It is pivotal, however, now, then before, to devote a little time each week to look beyond the complacent, former and prevailing analytics technologies that we are already familiar with. If this is taken care of, keeping up with the astonishing pace of the ever-changing technology will not be a challenge.