Mission-critical integration of new analytics systems is becoming increasingly commonplace throughout the year. We can expect more of the same for the rest of 2018, including some new advancements surrounding the Cloud and the IoT.
In order to stay in the loop with data trends, business owners need to stay informed about new advancements as they happen. Let’s take a look at 5 data trends you should keep an eye on for the rest of 2018.
Migration to the Cloud
Data centers are slowly becoming outdated as the Cloud gains popularity, and companies are becoming less tolerant of extended budgets for their data centers. In addition to this movement away from data centers, many companies also want to give themselves more flexibility when it comes to plugging into solutions.
Having this ability means that companies can use subscriptions rather than have to commit to long-term contracts that keep them locked in with on-premises equipment for multiple years at a time. As technology continues to evolve faster every year, multiple-year contracts are very quickly losing their luster as the ability to switch course at any moment becomes increasingly important.
More Dark Data Usage
Gartner defines dark data as “the information assets organizations collect, process and store during regular business activities, but generally fail to use for other purposes.” It will be used more and more frequently as companies begin trolling the stockpiles of information that they have stored in paper-based photos, videos, documents, and other corporate assets which are currently lying dormant inside of storage closets and vaults. It only makes sense to attempt to make use of this valuable data once the technology such as Artificial Intelligence with Natural Language Processing is available in order to extract it.
There are often many pieces of data within these stockpiles that can be used to provide companies with a much more comprehensive view of their historical performance trends, as well as their product cycles. These insights can be extremely useful for planning, and evidence for claims of intellectual property theft or trademark infringement can also be effectively gathered from dark data.
Tighter Data Access Restrictions
The establishments of restrictions doesn’t necessarily mean that data will be less available to users, only that the wrong data will not be accessible to wrong users. This is necessary today when more and more data is being transported to repositories and warehouses.
The new goal is to provide a “single version of the truth” and to allow every user the same data, but not every user can access all data. Organizations will be tightening up the permissions they give for data access in order to make sure that every single user has just the right amount of access to the data that they need.
Collection of Machine IoT and Digital Unstructured Data
It’s likely that during the remainder of 2018 the data aggregation goals of companies will start to expand to visions in which the standard digital data that was originally entered by humans will be replaced by machine-issued data being collected into composite visualizations which will transform the way that work is done.
Consultants and data analytics vendors will now be called upon in order to help companies create and achieve their new goals regarding data aggregation from the intelligent cloud.
Instantly Gratifying Analytics
Line managers and executives now want to see analytics provide them with data that is immediately actionable. As it currently stands, the vast majority of batch analytics reports for those in manufacturing and other fields can take a very long time, and this wait time is just too long to handle.
For most organizations, the majority of data analytics still comes in the form of batch analytics reports, so with the faster data insights that are now available, it can be expected that many companies will ditch their old method of developing data insights in favor of new, faster, and more immediately actionable insights into their data.
In the remainder of 2018, it can be expected that some pretty big shifts in the way companies interact with their data will take place. These trends will involve corporations making much more use of things like dark data in order to pull out actionable insights that they otherwise would have never been able to get to unless they hired someone to manually sift through their paper records.
We can also expect to see tighter data restrictions in order to keep data access at appropriate levels for users, as well as instantly gratifying analytics in favor of batch data reports. Of course, one of the biggest trends taking place is migration to the cloud, as data centers are becoming a thing of the past. Collection of IoT and unstructured digital data is also becoming popular as the IoT begins to take off.
It’s safe to say that if you are involved with any of these types of data, you should keep an eye on these trends because they will be impacting you very soon, whether you’re on board with them or not.