“You can have data without information, but You cannot have information without data” – Daniel Keys Moran (American Computer Programmer & Science Fiction Writer)
Data has become the cornerstone for all industries in today’s times! Organizations have built a roadmap where data adds fuel to their engines, helping them constantly grow and explore new business strategies that are more promising and revolutionizing. With people becoming aware of how data can help in the business’ growth and widening the horizon of opportunities, we have witnessed a gigantic leap towards data and analytics in the past one decade.
In terms of data, there has been a significant change in the previous year. We’ve made progress in making the most of this data, but each day brings new discoveries, and we humans are constantly enlisting machines to make life easy for us while we focus on more human endeavors.
According to Statista, the installed base of storage capacity is expected to rise at a compound annual growth rate of 19.2% throughout the period from 2020 to 2025, in accordance with the significant expansion of data volume.
Companies are using data now to improve consumer experiences, establish new markets, make people and processes more productive, and generate new sources of competitive advantage – all in the name of preparing for the future. The Global Datasphere will rise from 33 Zettabytes (ZB) in 2018 to 175 Zettabytes (ZB) by 2025, according to IDC.
Data has become an organization’s most valuable asset, and data and analytics are more vital than ever. It may be used in a variety of ways to enhance machine learning, AI, and analytics. As the pace of change accelerates, it’s more important than ever to embrace flexibility, agility, and the ability to adapt to new difficulties.
The position of C-suite executives is becoming increasingly vital as organisations adapt new data strategies to engage with a digital-facing customer. It’s time to share and celebrate the data trends and technologies that are driving the future of data. See where the world of data science is headed and how you can be the first to get there.
Industries
- Manufacturing
- Oil & Gas
- FMCG
- Technology & Automation
- Investment Agencies
- BFSI
- Information Technology
- Tourism & Hospitality
- Retail & E-Commerce
- Healthcare & Pharmaceuticals
- Aviation
- Automotive & Electric Vehicles
- Construction and Infrastructure