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Neosoft Technologies - The Future of Business Data Analytics - 5 Things To Expect

The document discusses 5 things to expect in the future of business data analytics: 1) Big data is ubiquitous and affects daily life through mobile maps, online shopping, urban planning, energy consumption, and wearables. 2) Expectations for data analytics are high to gain insights and unlock efficiencies. 3) There is a need for faster data processing and querying to enable faster decision making. 4) Security remains a top concern given high-profile breaches. 5) Integrating diverse data sources across applications and systems is a major challenge.

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23 views9 pages

Neosoft Technologies - The Future of Business Data Analytics - 5 Things To Expect

The document discusses 5 things to expect in the future of business data analytics: 1) Big data is ubiquitous and affects daily life through mobile maps, online shopping, urban planning, energy consumption, and wearables. 2) Expectations for data analytics are high to gain insights and unlock efficiencies. 3) There is a need for faster data processing and querying to enable faster decision making. 4) Security remains a top concern given high-profile breaches. 5) Integrating diverse data sources across applications and systems is a major challenge.

Uploaded by

Neosoft Technologies
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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The future of

Business Data
Analytics - 5 Things
to expect

presented by Neosoft Technologies


Neosoft Technologies - Big data analytics is on the verge of a major change. Many of the upcoming data analytics trends are the result of

multiple "transformational" technologies at once. As more data sources enter the mix every day, businesses are increasingly looking to AI, machine learning, and natural language

processing to help them quickly identify and act on hidden insights in uneven datasets. Here, we are going to explore the technology currently shaping the future of data analytics. Analytics

is perhaps the foremost main tool a company has today to gain customer insights. This is often Big Data Space is set to reach $ 273 billion by 2023 and many companies like Microsoft,

Amazon and Google invest a lot in not only collecting data, but enabling data for the endeavor. As AI and machine learning continues to grow, so do we use analytics as well, development

and change keeps on happening.


Big Data is everywhere

Big data is indeed ubiquitous these days, and sometimes we may not even realize how much it affects our everyday lives. Without the presence of Big Data in your life, it is becoming harder and harder to function in normal society. Many of the changes are so subtly convenient that we barely notice them. It is no enhancement to say that Big Data is everywhere today.

Here are five methods used in your daily life.

• Mobile Maps and GPS

• Online shopping

• Urban Planning

• Energy Consumption

• Wearables
Expectations are sky high

The data explosion is accompanied by a wave of excitement and urgency. IT and business leaders know that there is hidden value within the data,

and expectations are high that capturing new insights from this data will unlock operational efficiencies and business growth. These expectations

translate into different business objectives, which are influencing data investment, including better decision making, improved security, increased

productivity, and enhanced customer experience.


There’s a need for Data speed

Business is advancing rapidly, but this century has gained momentum as the Internet leverages the playing field for new entrants in small

companies and industries. Today, companies of all sizes must be agile and decide quickly to remain competitive. The good news is that they have

a wealth of data. The challenge to speed up decision-making is faster query processing and number constraints.
Security Remains top of Mind

Despite greater focus on enterprise security, high-


profile data breaches continue to make headlines -
such as 500 million Marriott records in 2018 and
the 2017 Equifax breach, which exposed the
personal credit details of 145 million consumers.
IT leaders understand the need for existing due
diligence: concern over data security is the top
deterrent to the handling of big data, and security
is the area that needs the most improvement from
data initiatives to ROI performance. It is a big hill
to climb. Given the high volume of data, variety of
formats, and the need to support data-driven
communication and collaboration beyond
traditional firewalls, IT leaders must find the right
mix of in-house and third-party technologies and
processes to defend , Must detect, and respond to
potential data breaches. For example, more than
two-thirds (68%) of organizations say they are
taking additional measures to protect unread data
Integrations is a major Hurdle

Emphasis on security itself is a small data explosion, 09

as security monitoring tools generate large data sets


that are analyzed for threats. Security, however, is
one of dozens of data sources trying to cut IT across
multiple applications, databases and business
systems.
About Neosoft Technologies
Neosoft Technologies is a SEI-CMMI Level-5 and ISO 9001:2008 certified
global IT consulting & software solutions provider with 2500+ software
consultants working full time across 7 Delivery Centers. Neosoft started in 1996
and headquartered in Mumbai, India with offices in USA, UK, Dubai, Italy,
Germany, Japan & Australia. Neosoft Technologies commitment to quality and
24+ years of experience has made us serve over 1500+ clients across 50+
countries with 85% client retention. Its an Excellent opportunity for Starting
your career here, also you can check Neosoft Technologies Reviews.
Thank you

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