Artificial Intelligence: 2017 Predictions from Forrester

Artificial Intelligence: 2017 Predictions from Forrester

Artificial Intelligence: 2017 Predictions from Forrester

 Insights matter. Businesses that use artificial intelligence (AI), big data and the Internet of Things (IoT) technologies to uncover new business insights “will steal $1.2 trillion per annum from their less informed peers by 2020.” So says Forrester in a new report, “Predictions 2017: Artificial Intelligence Will Drive The Insights Revolution.”

Across all businesses, there will be a greater than 300% increase in investment in artificial intelligence in 2017 compared with 2016. Through the use of cognitive interfaces into complex systems, advanced analytics, and machine learning technology, AI will provide business users access to powerful insights never before available to them. It will help, says Forrester, “drive faster business decisions in marketing, ecommerce, product management and other areas of the business by helping close the gap from insights to action.”

The combination of AI, Big data, and IoT technologies will enable businesses investing in them and implementing them successfully to overcome barriers to data access and to mining useful insights. In 2017 these technologies will increase business’ access to data, broaden the types of data that can be analyzed, and raise the level of sophistication of the resulting insight. As a result, Forrester predicts an acceleration in the trend towards democratization of data analysis. While in 2015 it found that only 51% of data and analytics decision-makers said that they were able to easily obtain data and analyze it without the help of technologist, Forrester expects this figure to rise to around 66% in 2017.

Read Also:
Top 5 data quality mistakes organizations make

Big data technologies will mature and vendors will increasingly integrate them with their traditional analytics platforms which will facilitate their incorporation in existing analytics processes in a wide range of organizations. The use of a single architecture for big data convergence with agile and actionable insights will become more widespread.

The third set of technologies supporting insight-driven businesses, those associated with IoT, will also become integrated with more traditional analytics offerings and Forrester expects the number of digital analytics vendors offering IoT insights capabilities to double in 2017. This will encourage their customers to invest in networking more devices and exploring the data they produce.

 



Chief Analytics Officer Spring 2017

2
May
2017
Chief Analytics Officer Spring 2017

15% off with code MP15

Read Also:
How Big Data and the Internet of Things are Saving and Making Millions

Big Data and Analytics for Healthcare Philadelphia

17
May
2017
Big Data and Analytics for Healthcare Philadelphia

$200 off with code DATA200

Read Also:
3 Things Every Business Needs to know About Second-Party Data Sharing
Read Also:
A Successful Journey with Data Science

SMX London

23
May
2017
SMX London

10% off with code 7WDATASMX

Read Also:
The Future Is Now For Big Data

Data Science Congress 2017

5
Jun
2017
Data Science Congress 2017

20% off with code 7wdata_DSC2017

Read Also:
Your custom MDM solution: Don’t make these mistakes (Part 1)

AI Paris

6
Jun
2017
AI Paris

20% off with code AIP17-7WDATA-20

Read Also:
Interacting with Machine Learning  – Here is Why You Should Care

Leave a Reply

Your email address will not be published. Required fields are marked *