Publication Name: analyticsindiamag.com
Date: December 2018
With enterprises putting digital at the core of their transformation, our annual Data Science & AI Trends Report explores the key strategic shifts enterprises will make to stay intelligent and agile going into 2019. The year was marked by a series of technological advances, including advances in AI, deep learning, machine learning, hybrid cloud architecture, edge computing (with data moving away to edge data centres), robotic process automation, a spurt of virtual assistants, advancements in autonomous tech and IoT.
With data championing technological innovation, analytics and AI has proven to be a competitive advantage for businesses across functions, such as sales, marketing, finance, customer service and IT.
Today, Data Science and AI have seeped into many business functions and we are seeing increased collaborations between leading companies and Data Science Service Providers, specialising in providing tailored solutions. Another key takeaway is how companies are planning to increase their IT budgets on analytics and data science.
A majority of our respondents believe the growing adoption of AI and analytics has become a game changer across business functions and there will be an uptick in niche sectors such as sports. A key trend this year was core business processes being redesigned around AI to deliver advantages beyond cost savings. RPA has been widely deployed to automate well-defined, rule-based tasks and the spurt of virtual assistants in banking has spawned a new age of Conversational AI in finance. On the other end of the spectrum, we will see an increased AI-cloud interdependency which in turn will fuel the growth of public cloud companies. Organisations are also realising the benefits of cognitive technologies to provide better insights. This year we collaborated with AnalytixLabs, a leading Data science training institute to bring out key trends.
Check Out The Top Trends In Analytics And Data Science To Dominate In 2019
Trend #1: More Industries Are Going To Utilise Analytics & AI In A Big Way
Enterprises in 2019 and beyond will continue to focus on advanced solutions and adopt technologies like artificial intelligence and machine learning to deliver better customer experience. The technology landscape will also transition to an API-based economy with AI and analytics becoming more pervasive.
In the coming year too, more and more industries and services including automotive, healthcare, broadcast and telecommunications, education, finance, consumer electronics and multimedia will adopt and implement AI to enhance customer experience, optimise and automate processes.Nitin Pai, Senior Vice-President, Head of Marketing and Strategy, Tata Elxsi