Slideshow 10 Business Analytics Predictions for 2015

  • December 28 2014, 4:45pm EST
12 Images Total

10 Business Analytics Predictions for 2015

Where is the business analytics industry heading in 2015? The International Institute of Analytics offers up these 10 potential trends to watch.Image: iStock

1. Two Roles, One Office?

Organizations will clarify the Chief Analytics Officer and Chief Data Officer roles and how they fit into their overall staffing structure.Image: iStock

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2. Once Upon a Time

Storytelling will be the hot new job in analytics as executives seek to understand data in context of business.Image: iStock

3. Ensemble Methods Emerge

Ensemble methods for analytical models will grow in popularity. Indeed, ensemble methods use multiple learning algorithms to obtain better predictive performance.Image: iStock

4. Analytics Meets IT Security

The application of analytics for holistic and integrated security breach prevention will be a top priority.Image: iStock

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5. Building On the Internet of Things

We will see the emergence of “The Analytics of Things” as Internet endpoints of all sorts generate data and increasingly analyze their own data before passing on the information to centralized systems.Image: iStock

6. Hadoop Comes of Age

Hadoop, the open source technology, will go mainstream. Already, Hadoop provider Hortonworks has launched a successful IPO. Rival MapR just raised more money. And Cloudera also is very active with customers.Image: Apache Hadoop

7. Bigger Data Bets

Companies will double their investment in generating new and unique data.Image: iStock

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8. Privacy In the Spotlight

Privacy demands will spark tools and services that allow consumers to determine if and how their data is shared and at what price.Image: iStock

9. Your Workforce -- Redefined

Analytics, machine learning and cognitive computing will increasingly take over the jobs of knowledge workers.Image: iStock

10. Let the Machines Decide

Automated decision making will come of age in 2015.Image: iStock

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Thank You And More

Special thanks to the International Institute for Analytics. For more slide shows visit our gallery. Image: iStock