By 2020, 80% of organizations will initiate deliberate competency development in the field of data literacy, according to Gartner. The march of analytics into the collective consciousness of businesses around the world is unstoppable now, and the implications are far-reaching. From a glut of new skills that employees need to learn, to the shiny new applications of Analytics that’s changing the way humans live, there’s quite a lot of activity going on here. We try to make sense of all that news in our digest that encapsulates the Analytics landscape.
Here are some articles that will take you through recent advancements in the data and analytics domains.
Businesses Face Three Biggest Challenges While Leveraging Big Data
According to a report from Dun & Bradstreet, the three biggest challenges businesses still face when it comes to leveraging big data are protecting data privacy, having accurate data, and Analysing/processing data. The global big data market was estimated at $23.56 billion in 2015 and now is expected to reach $118.52 billion by 2022.
Big Data & Business Analytics Market to Rear Excessive Growth During 2015 to 2021
Due to the tremendous increase in organizational data the adoption of big data and business analytics has been increased within organizations to better understand their customer and drive efficiencies. Read more to know about Drivers and Challenges of Big Data and Business analytics market.
‘Jeopardy!’ Winner Used Analytics to ‘Beat the Game’
An aggressive strategy, mathematical finesse, a sharp mind, and a willingness to take risks were some of the factors that spurred ‘Jeopardy!’ game-show contestant James Holzhauer to win 32 consecutive games and rake in more than $2.4 million. Read more to know how this happened.
The Age of Analytics: Sequencing’s New Frontier is Clinical Interpretation
Today, genomic data is being generated faster than ever before. And those on the frontier of this field are trying to make sure that data is as useful as possible. While the surge in sequencing has benefited many patients, the genomic data avalanche has caused its own problems. Read more about the challenges and proposed solutions to manage and analyze the volumes of genomic data.
Times Techies: Upskilling is Key to Meeting Demand For Analytics
An exhaustive Nasscom-Zinnov report released last year flags a huge talent demand-supply gap in the artificial intelligence (AI) and big data analytics (BDA) family of jobs. By 2021, the total AI and BDA job openings in India is estimated to go up by 2,30,000. But the fresh employable talent or university talent available will be just 90,000, leaving a huge gap of 1,40,000.
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