The world of data science and analytics is continuing to grow and adapt at an astronomical rate. Businesses are slowly able to piece together more information from different sources, meaning that they are able to make more sense of their data. Using data has become more and more important in creating new business opportunities and growth. Companies are still discovering the potential of utilizing data and the importance of monetizing that data in some form to benefit the business. Here’s what we can expect to see from the data science industry in 2017
Consulting firms the world over, are looking to develop competencies that would create a definite competitive advantage for them in the market. The consulting sector is no longer immune to disruptive technologies that have significantly influenced other digital enabled businesses, and is flooded with new players having a non-traditional approach toward consulting
Digital business is the creation of new business designs by blurring the digital and physical worlds. It promises an unprecedented convergence of people, businesses and things that changes existing business models and creates new revenue opportunities. Executing digital business will require a digital platform that evolves as business opportunities and threats change.
Digital technologies have profoundly changed the ways we do business, buy, work and live. They have even altered society and continue impacting virtually all business functions and industries. It’s partially what digital business is about
Machine learning models can surpass human capability in coping with significant volumes of data, finding high-order interactions and patterns within the data and dealing with highly complex business problems. Digital businesses will adopt machine learning in more and more use cases, driven by the availability of sensor data, expanding bandwidth and sinking storage costs.