Innovative New Technologies
As with every year in IT, 2017 brings a new batch of different trends and exciting technologies. Digitization is changing markets, from security to robotics from healthtech to 3Dprinting the world is changing with the help of innovative new technologies. 2017 is the year with boundless potential. Autonomous vehicles, autonomous robotics and drones, predictive analytics, amongst other things may not be fully realised yet, but they have the ability to become something magnificent. Excellent tech trends 2017 infographic discovered via Munichre outlining new technologies to keep an eye on.
Big Data Industry Grows
Take predictive analytics as an example, it could be used in thousands of different ways. It could be used to predict an illness in someone and therefore catch it early and have a higher chance of recovery. It could also be used to forecast for a business, to see whether or not a business model would be successful.
The following IDC Futurescape 10 predictions represent the expected trends with greatest potential impact on big data and analytics (BDA) initiatives:
- Through 2020, spending on cloud-based BDA technology will grow 4.5x faster than spending for on-premises solutions; open source technology will represent the core of this new
- By 2020, 50% of all business analytics software will incorporate prescriptive analytics built on cognitive computing functionality.
- Shortage of skilled staff will persist and extend from data scientists to architects and experts in data management; big data–related professional services will have a 23% CAGR by 2020.
- By 2020, 90% of databases (relational and nonrelational) will be based on memory-optimized technology.
- By 2020, distributed micro analytics and data manipulation will be part of all big data and analytics deployments.
- Through 2020, spending on self-service visual discovery and data preparation market will grow 2.5x faster than traditional IT-controlled tools for similar functionality.
- By 2020, data monetization efforts will result in enterprises pursuing digital transformation initiatives increasing the marketplace's consumption of their own data by 100-fold or more.
- By 2020, the high-value data — part of the Digital Universe (see “EMC Digital Universe Study with Research and Analysis by IDC, 2014“)
— that is worth analyzing to achieve actionable intelligence will double.
- By 2020, 60% of information delivered to decision makers will be considered by them always actionable, doubling the rate from the current (2015) level.
- By 2020, organizations able to analyze all relevant data and deliver actionable information will achieve an extra $430 billion in productivity benefits over their less analytically oriented peers.
With data exploding at a rate that can hardly be believed, security becomes more and more important. Protecting yourself from attacks, such as the recent ones which affected hospitals in Britain, has become more vital to society. Furthermore, as new payment methods and the digitization of banking becomes ever more prevalent, the need for cyber security will only be on the rise.
By Glenn Blake