In the ever-changing IT landscape, 2017 was no different. This year has witnessed many disruptive technologies emerge and make headlines worldwide. Terms like Artificial Intelligence, Machine Learning, Cloud and Blockchain became the brainstorming topics of discussion for boardrooms across the world. These technologies will continue to impact businesses and will certainly become integral parts of companies’ plans to lead in the future
The machine learning market is expected to grow from USD 1.41 billion in 2017 to USD 8.81 billion by 2022, at a CAGR of 44.1% globally. Why? In past years, the rapid increase of large and multidimensional data sets, proliferation towards databased real-time problem solving and rising demand for sophisticated algorithm platform along with advanced tools contributed to and will keep contributing towards the adoption of machine learning across the globe in the coming years.
By keeping all the hot phenomena in mind, Ashutosh Mehrotra, Business Head, APAC Region at Toovio, shares three key trends in “data technology” that are likely to dominate discussions and will have an immense impact on how companies will be doing business in 2018.
COMPANIES WILL LOOK FOR AN ADVANCED DECISIONING PLATFORM THAT CAN- “SENSE”-”COMPREHEND”-”ACT”
Data analytics and business intelligence will play crucial role in the overall business strategy to make better and faster business decisions. Companies will continue to leverage the power of data analytics and look for “top line” to be specialized in the field of data science.
This story is from the January 2018 edition of DataQuest.
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This story is from the January 2018 edition of DataQuest.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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