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Enterprise managers have an insatiable need for better analysis of ever more data, and the pandemic has only intensified the quest. That is among the conclusions of a recent report from analyst firm 451 Research.
“Trends in Data, AI and Analytics, 2021” surveyed a wide range of enterprise IT shops and found that many were increasing their investment in collecting data and generating better analysis. As a result, AI analytics is bringing new life to data analytics tooling.
Was this shift the result of COVID? The firms in the survey were basically split on that question, with 51% agreeing that “My organization has increased the number or scope of active analytics projects as a result of COVID-19.”
This shift showed a reversal of a trend that 451 Research identified in the beginning months of the pandemic. When lockdowns and other measures began, many companies paused new projects, and data-driven analytics were an easy target. As such projects have started up again, significant changes are taking place.
“The unprecedented level of change we have seen means that historical data and models are no longer relevant,” suggested an earlier survey from 2020 in the 451 Research series.
How have things changed? For many, an increase in remote work meant more opportunities to track and measure. The report suggests that this leads to more options for analytics that are driven by a need to understand how to deploy resources and satisfy customer needs in a markedly new business environment.
Data analytics shift with business models
Between the employees working at home, the widely distributed office space, and the request for more digital services, analytics can help decision makers understand just what parts of the business are working and which ones aren’t.
Much of this is part of a trend that’s been unfolding from long before the pandemic and will continue independent of it. The report found that many survey respondents expect broad growth across all analytical options, from traditional business report generators to self-service business intelligence/visualization tools.
The greatest growth was found in automated business metric/incident detection and alerting tools, an area that…
Continue reading: https://venturebeat.com/2021/09/10/ai-drives-data-analytics-surge-study-finds/