Data Analytics in 2021: major Transformation to take place
Data Analytics is the trend that is leveraged by most businesses. As data is growing at a greater rate, businesses are utilizing this strategy to analyze their data and make future decisions based on them. Since the previous year wasn’t a good one for businesses, this can be a year for Data Analytics and companies which offer Data Engineering Solutions.
So, here are the trends we can expect with Data Analytics:
Embracing the lakehouse for Data Analytics:
When moving to the cloud, organizations presently don’t have to confuse their minds between a data warehouse or data lake or even setting up separate but equal entities in the cloud. The lakehouse structure is the most important feature for both structured & semistructured data.
A lakehouse enables you to store all the data in a single area where one can apply top-tier streaming, business insights, data science, and AI capacities. A lake house provides easy access to the latest information which can be used to perform analytics.
Relationship form the underlying fundamental of data analytics value:
Graph technologies will lead to fast contextualization for the decision-making process in 30% of companies all over the globe by the year 2023 as said by Gartner. Graph databases and different advancements provide the relationship between data points.
These relationships are completely important for most things and we would require them for doing data and analytics process. This technology safeguards relationships and increments the context for AI and Machine Learning.
Specialization & Verticalization of data & analytics platforms
The verticalization and specialization of data and analytics platforms will take higher significance. The requirements for analytics are growing at a faster pace, and conventional platforms that crunch information and make visualizations happen.
Undoubtedly, we can also look out for the companies to offer increased Data Analytics
Services which businesses would leverage for the above-mentioned trends.
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