In today’s age of digitization and technological advancements, data has been proved as an invaluable asset that can provide significant advantages to a business or industry. Over the years, the use cases of Big Data have multiplied and it has now become a crucial part of all major business and enterprises. At the same time, the Big Data analytics trends are changing rather quickly; embracing new technologies, innovative approaches and moving towards advanced analytics.
In this intensifying competition, companies need to carefully assess their existing data sources and make the most out this data (structured or unstructured) to stay ahead of the curve. This is no doubt, a requisite part of the business intelligence (BI) and it’s very important that the companies stay up to date with the latest data analytics trends at all times and devise their strategies accordingly. So here we recommended the best Big data Software development Company India that will dominate the market in 2019.
Internet of Things
The IoT networks have already shown a rapid expansion over the years and it has become a part of our day-to-day lives. The technology is still growing tremendously and is expected to take over the global market in the coming years. Experts predict that the Internet of Things will be a trendsetter in 2019 and it is expected to generate over $300 billion (annually) the year 2020.
Quantum Computing
Quantum Computing has been a pipe dream for decades. However, tech giants like IBM, Google, Intel and Microsoft are meticulously working to build a quantum computer that would possibly reshape the world of digital computing technologies. Sources reveal that we are so close to build a quantum computer that will use the quantum states of subatomic particles to store data and information and IoT will play a crucial role in making this dream a reality.
Predictive Analytics
Predictive Analytics has been closely associated with Big Data and is being used by innumerable companies in different industries to strengthen customer relations, drive more conversions and boost sales operations. It makes use of a series of statistical techniques to analyze the existing data sources of a company and make predictions for the future events. Data scientists claim that Predictive Analytics will be a major driving factor in data analytics and will show a widespread adoption in 2019.
Edge Computing
Edge computing is being used in wireless networks and data networks for quite a few years. One of the main reasons that makes it a perfect fit for data networks is that data analytics partly relies on the network bandwidth to save data close to the source. Edge computing makes it possible to store data close to the end users while the processing takes place in the fog layer, edge data center or the device itself.
The Role of CDOs
You might not have heard about a job profile called Chief Data Officer or (CDO). But you’re going to get used to it in the near future, that’s for sure! Despite the availability of Data Engineers in all major companies and organizations, the demand for CDOs tend to rise in the coming future. A CDO is a Data Engineer who is responsible for managing enterprise-wide data analysis, assessment, visualization and studying intelligent business insights that would help in seamlessly running business operations.