Did you know that—as per the latest predictions from Gartner—”by the year 2025, 80 percent of all K-12/primary-secondary education organizations will be leveraging some type of analytics applications designed specifically for K-12 to speed insight. Or that by the year 2026, 50 percent of BI tools will activate their users’ metadata, offering insights and data stories with recommended contextualized journeys and actions. Or that 75 percent of organizations will adopt a digital transformation model predicated on cloud as the fundamental underlying platform.”
‘Tis the season of predictions and Gartner is back with some big and bold ones that we feel every business leader should care about. As businesses build their data and analytics strategies for the next fiscal and beyond, these emerging trends can arm data leaders with the much-needed market intel and lend them a distinct competitive advantage.
“Our annual predictions highlight the importance of data and analytics across an ever-broadening range of business initiatives and the use of technology to support their delivery,” notes Gartner. “Data and analytics leaders should use these predictions to enhance their strategic vision and delivery programs.”
According to the Gartner research report, “By 2025, CDAOs will have adopted data fabric as a driving factor in successfully addressing data management complexity, thereby enabling them to focus on value-adding digital business priorities.”
It further states that, “cloud computing has evolved beyond its purpose as an application infrastructure and platform play to the foundation for core initiatives that infrastructure and operations leaders are charged with instituting, such as sustainability, digital transformation and business applications,” while predicting that 75 percent of organizations would have cloud as their fundamental underlying platform by next year.
Sigma, an intelligence platform purpose-built for the cloud data warehouse, is uniquely positioned to capitalize on this trend. Sigma’s cloud-native architecture provides scalable, flexible, and seamless integration with cloud technologies, giving customers the ability to truly modernize their intelligence cloud.
The Gartner report also predicts that “By 2026, 50% of BI tools will activate their users’ metadata, offering insights and data stories with recommended contextualized journeys and actions.”
Some of this is already being done by technologies like Sigma, a platform that combines artificial intelligence, human intelligence, and business intelligence, and Snowflake, a platform that powers the Data Cloud. Insights and data stories are taking business leaders from data to intelligence. Companies like DoorDash, Greenwich.HR, and Moffitt Cancer Center are leveraging Sigma on Snowflake to drive tangible business outcomes.
“We're projecting WageScape—powered by Sigma—will give us seven-digit revenue from new incremental sales in the first year of operations," says Cary Sparrow, Founder and CEO at Greenwich.HR.
In the report, analysts Sarah James and Alan D. Duncan, note, “To foster personalized consumption of insights and data stories, data and analytics leaders must pivot to a composable platform featuring autonomous analytics, metadata, governance and data quality.”
We’re expected to see a consolidation of analytics and business intelligence (ABI) and data science and machine learning (DSML) platforms. Furthermore, distributed business decisions will need balanced governance approaches and the existing governance practices will have to be modernized to see a return on investment. Verticals like healthcare, retail, financial services, supply chain, and others are expected to see massive shifts as well.
Curious to learn more? Download your complimentary copy of this report now to make intelligent and informed market making decisions. This research is packed with many, many insights that you don’t want to miss.
Gartner, Over 100 Data and Analytics Predictions Through 2028, 24 April 2023, Sarah James, Alan D. Duncan
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