Jessica Davis

Analytics Gets Big IT Investment in 2017

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Zimana
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Re: Understandable Investment
Zimana   1/30/2017 12:20:23 PM
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One side point - while increase in investment is good, you have to wonder if by having it as an IT-related investment if that alters a perception of how integral analytics is in business today. Maybe people see IT as integral, so my question may be mute. But I do wonder at times how it is seen, when many of the valuable tasks in analytics is not seen as efforts with immediate benefit to revenue or costs.

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Re: Understandable Investment
Zimana   1/5/2017 12:00:24 PM
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Great share Lyndon. I think AI also is influencing the long term outlook. One o'reilly site notes it as a long term play over ten years. With its increasing influence on analytics, I can see how the investment will play towards 2019 and beyond. 

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Re: Understandable Investment
Lyndon_Henry   1/4/2017 3:42:32 AM
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..

A kind of companion implication to the vigorously rising growth of investment in analytics is the growing rewards for analytics consultants, software developers, and other professionals involved in providing analytics-related services.

Jessica Davis covered this is an earlier article, last May, titled Big Data, Analytics Sales Will Reach $187 Billion By 2019. Key points are conveyed by the synopsis summary to her article:

Market research firm IDC forecasts a 50% increase in revenues from the sale of big data and business analytics software, hardware, and services between 2015 and 2019. Services will account for the biggest chunk of revenue, with banking and manufacturing-led industries poised to spend the most.



 

 

Zimana
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Understandable Investment
Zimana   12/27/2016 8:15:08 AM
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Good highlight that analytics has been at the top of ionvestment choices since 2009.  The technology associated with analytics has become widespread, but discerning best practice behavior has shifted as analytics incorporated more data sources, triggering new needs.  IT has understood that value comes from reinvestment, not labeling analytics as a financial cul-de-sac, which would have hindered the industry.

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