Info-Tech’s new trends report highlights the nine leading-edge data trends that tech leaders need to prepare for over the coming months.
TORONTO, March 8, 2023 /PRNewswire/ – To help tech leaders and their organizations stay on top of the latest trends, global IT research and advisory firm Info-Tech Research Group has released its Data and Analytics Trends 2023 report. The report covers a range of topics, including artificial intelligence and machine learning, data marketplaces and monetization, and identity authenticity.
In today’s data-driven world, organizations increasingly rely on data and analytics to drive decision making and gain a competitive edge. However, keeping up with key developments and new technologies in this rapidly evolving field can be challenging. By staying informed about these trends, technology leaders and organizations can better leverage their data assets to drive growth and innovation in the months ahead.
“As we enter a new era of data and analytics, a data-driven culture and embracing emerging technologies are essential for organizations to remain competitive in the digital age,” says Chris Dyck, advisory lead for the Data, Analytics, and Enterprise Architecture practice at Info-Tech Research Group. “The changing landscape can be overwhelming, but technology leaders that leverage these trends will be able to identify opportunities to optimize their data strategies, unlock the full potential of organization’s data assets, and drive better business outcomes.”
Info-Tech’s Data and Analytics Trends 2023 report will help teams tackle the challenges of identifying trends in data and analytics while modernizing their current capabilities. By examining nine data use cases for emerging technologies, the report aims to inform and educate data leaders, CXOs, and IT professionals on key trends and provide guidance on which ones to adopt, empowering them to enhance their organizational capabilities to remain competitive in a data-driven economy.
The firm has identified the following nine trends for the coming months:
Data Gravity – Data gravity is the tendency of data to attract applications, services, and other data. A growing number of cloud migration decisions will be made based on the data gravity concept. It will become increasingly important in data strategies, with failure potentially resulting in costly cloud repatriations.
Democratizing Real-Time Data – Data democratization means data is widely accessible to all stakeholders without bottlenecks or barriers. Success in data democratization comes with ubiquitous real-time analytics.
Augmented Data Management – Augmented data management will enhance or automate data management capabilities by leveraging AI and related advanced techniques. It’s possible to leverage existing data management tools and techniques, but most experts have recognized that more work and advanced patterns are needed to solve many complex data problems.
Identity Authenticity – Veracity is a concept deeply linked to identity. As the value of the data increases, a greater degree of veracity is required. For example, more proof is provided to open a bank account than to make friends on an online social platform. As a result, there is more trust in bank data than in social media data.
Data Monetization – Data monetization is the transformation of data into financial value and demands an organization-wide strategy for value development. However, this does not imply selling data alone. Monetary value is produced by using data to improve and upgrade existing and new products and services.
Adaptive Data Governance – Adaptive data governance encourages a flexible approach that allows an organization to employ multiple data governance strategies depending on changing business situations. The other aspect of adaptive data governance is moving away from manual and often slow data governance and toward aggressive automation.
AI-Driven Storytelling and Augmented Analytics – AI and natural language processing will drive future visualization and data storytelling. These tools and techniques are improving rapidly and are now designed in a streamlined way to guide people in understanding what their data means and how to act on it instead of expecting them to do self-service analysis with dashboards and charts. Ultimately, understanding how to translate emotion, tropes, personal interpretation, and experience, as well as how to tell what’s most relevant to each user, is the next frontier for augmented and automated analytics.
Data Marketplace – The data marketplace can be defined as a dynamic marketplace where users decide what has the most value. Companies can gauge which data is most popular based on usage and choose where to invest. Users can shop for data products within the marketplace and then join these products with others they’ve created to launch truly powerful data-driven projects.
DevOps > DataOps > XOps – The merger of development (Dev) and IT Operations (Ops) started in software development with the concept of DevOps. Since then, new Ops terms have formed rapidly, such as AIOps, SalesOps, SecOps, and more. All these methodologies come from Lean manufacturing principles, which seek to identify waste by focusing on eliminating errors, cycle time, collaboration, and measurement.
Download and read the full Data and Analytics Trends 2023 report to learn more about each of the trends for the year ahead.
To learn more about Info-Tech Research Group, visit infotech.com and connect via LinkedIn and Twitter.
About Info-Tech Research Group
Info-Tech Research Group is one of the world’s leading information technology research and advisory firms, proudly serving over 30,000 IT professionals. The company produces unbiased and highly relevant research to help CIOs and IT leaders make strategic, timely, and well-informed decisions. For 25 years, Info-Tech has partnered closely with IT teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.
Media professionals can register for unrestricted access to research across IT, HR, and software and over 200 IT and Industry analysts through the ITRG Media Insiders Program. To gain access, contact pr@infotech.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/key-data-and-analytics-trends-for-2023-published-in-info-tech-research-groups-latest-report-301765919.html
SOURCE Info-Tech Research Group
“We're seeing more and more women that are founding kind of unicorn-level billion-dollar-plus startups, more women on the investing side,” Randi Zuckerberg told Yahoo Finance. “That being said, though, the numbers are still pretty bleak.”
The cybersecurity firm Halborn worked with the blockchains to patch the risks.
The backing Aztec Network is open sourcing the bridge and moving on to next-generation products.
SVB Financial faced a perfect storm, but there were plenty of other banks with high levels of unrealized securities losses as of Dec. 31.
SVB CEO Greg Becker himself was one of many voices advocating for Dodd-Frank to be loosened. Oops.
The economist also said that the Fed will likely now “retreat” on interest rate hikes.
These are the stocks making moves after the bell.
Silvergate, Silicon Valley Bank and Signature Bank collapsed in the same week. All eyes are now on First Republic Bank.
Looks like the financial stock market freakout is taking down more than just regional banks. Charles Schwab is feeling the heat too.
In the wake of last week’s bank collapse – the fall of Silicon Valley Bank, and the related collapses of the crypto-centered Silvergate and Signature banks – there’s been a swirl of discussion around fractional reserves and liquidity coverage ratios (LCRs). And rightly so, because at bottom, these banks collapsed due to a lack of liquid assets. In sort, these banks did not have enough liquidity to cover severe funding outflows. The affected banks, especially SVB, were hit by a run – that is, dep
Leaving these accounts open could tarnish your golden years.
Warren Buffett is famous for his long-term approach to investing and for a relatively broad diversification of his holdings in the Berkshire Hathaway portfolio. Indeed, the five biggest decliners in Berkshire's portfolio Monday were all financial names. Shares of Bank of New York Mellon Corp fell 6.7% to $44.12.
(Bloomberg) — The shift in short-term interest rate markets Monday was unlike almost anything seen for more than four decades, including even the 2008 financial crisis and the aftermath of the Sept. 11 terror attacks. Most Read from BloombergBonds Rocket, Stocks Steady as Fed Rate Path Eyed: Markets WrapBillionaire Charles Schwab’s Fortune Is Slammed by SVB FalloutUS Backstops Bank Deposits to Avert Crisis After SVB FailureHow to Safely Store Deposits If You Have More Than $250,000Signature Sei
I sold half of my bank positions last week before news of the SVB collapse. This is my plan for them now.
Amazon told Barron's it is committed to Rivian and still plans to purchase 100,000 Rivian vans by 2030.
Dow Jones futures were little changed late Monday, as the banking crisis escalated ahead of the CPI inflation report. Schwab stock plunged on growing liquidity fears.
Let the wagers begin.
The collapse of Silicon Valley Bank on Friday leaves Americans with lots of questions. Weren't bank regulations designed to prevent an event like this? Where were the regulators?
You won’t even owe him a penny for his thoughts.
(Bloomberg) — The cost of insuring the bonds of Credit Suisse Group AG against default climbed to the highest on record as the collapse of Silicon Valley Bank sparked concern about broader contagion in the banking industry.Most Read from BloombergBonds Soar, Stocks Gain as Fed Pause Weighed: Markets WrapFed’s New Backstop Shields Banks From $300 Billion of LossesFDIC Auction for Failed SVB Underway, Final Bids Due SundaySignature Seized by Regulators as Pain Spreads From SVB’s FallUS Discusses
