In 2020, 450 billion business transactions are performed every day in B2C and B2B markets.*
In 2020, 90 zettabytes (trillion gigabytes) of information is created every year, 50 times more than a decade earlier.**
The first commercial quantum computer becomes available by 2020.***
With unprecedented amounts of new information being created and shared every second, analytics becomes a powerful force transforming data from gigabytes into golden insights. Advanced algorithm design and faster computing, along with a growing cadre of data scientists, unlock value from digital exhaust, influencing decision making by governments, corporations and individuals alike.
Analytics in 2020:
- Crowd-aided analytics that taps into the power of crowd in the analysis process, making the process efficient and less error prone.
- Faster analytics through robust algorithms mitigates the traditional trade-off between accuracy and speed.
- Analytics for all end users allows everyone in the organization to become an analyst, providing workable, data-driven insights.
- Data scientist demand surges as organizations examine complicated data sets to aid business decisions.
- Cloud analytics allows seamless interaction with big analytical and visualization systems in the cloud.
- Advances in natural language processing (NLP) enable users to analyze the vast array of data from social networks.
*”A Comprehensive List of Big Data Statistics,” Wikibon, http://wikibon.org/blog/big-data-statistics/.
**”World’s data will grow by 50X in next decade, IDC study predicts,” Computerworld, http://www.computerworld.com/s/article/9217988/World_s_data_will_grow_by_50X_in_next_decade_IDC_study_predicts.
***”Top 25 Technology Predictions,” Cisco, http://www.cisco.com/web/about/ac79/docs/Top_25_Predictions_121409rev.pdf.