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It is hard to believe that in just a few months we will be heading into an entirely new decade! 2010 to 2019 was certainly a period of incredible development in terms of technology – and there is little doubt that 2020 will continue this trend.
Many experts agree that this next year will be fueled even more by data and analytics. According to Statista, the forecast for Big Data market size is predicted to grow from $49 billion to $56 billion, with steady increases expected every year afterwards.
So, in what specific ways will this market grow?
1. Deep Data Will Become More Accessible than Ever
Analytical platforms are certainly making it easier for every company to obtain and track key data points. As of 2017, more than half of all companies were utilizing data analysis in some capacity.
However, many of these systems are simply running the numbers and churning out reports or charts – of which don’t necessarily make much sense, nor do they always offer practical applications.
In a report from NewVantage, 85.5% of businesses claimed that implementing data throughout their organization was a top priority. But, 63% failed to do so, often due to the fact that there was a lack …
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