Impact of Data analytics in the IT industry

Data analytics drift that will enhance the IT industry

According to a recent survey done by Forbes about 40 percent of the projects done by US companies use data analytics to make informed decisions. By 2022 the data analytics industry will bring in 274 billion which is a 64% increase from 2018 revenue.

Data analytics drift that will enhance the IT industry

• Data analytics will help vendors in the IT industry to discover customer-centric metrics to measure and screen overall performance on a couple of parameters that help companies on brand perception and measure client satisfaction.

• The IT industries are constantly working on improving the security framework to remove data security issues with the arrival of data analytics and similar business intelligence services.
• To simplify business processes and offer valuable insights, advanced data analytics software will be used increasingly in the coming days by vendors in the IT industry.

Organizational Benefits

1. Better Decision Making

2. Efficient Marketing

3. Improved Customer Service

4. Improved Operational Efficiency

Technologies in Data Analytics

• Machine Learning: The basic definition of artificial intelligence is the modelling of human intelligence in machines that are programmed to think like humans and imitate their behavior. In the case of Machine Learning ,it can learn algorithms on its own. It enables an application to read data and predict outcomes rather than someone explicitly programming the system to reach a conclusion.
• Data Management: The flow of data in and out of the system comes prior to data analytics. A data management program is very important as it helps ensure that your organization is on the same page regarding how to organize and handle data.

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