Businesses are paying extra attention to big data analytics trends to stay ahead of the competition.
Everyone from healthcare to top tech companies uses big data analytics and insights to grow profits. It contributes to real-time location tracking, precision medicine, fraud detection, sales & marketing, employee analytics, & other areas.
As per Statista, the global data analytics market is worth $274 billion and is projected to reach $655 bn by 2029.
What's driving this kind of explosive growth? And what will be the significant big data trends businesses must keep their eyes on?
Let's get familiar with them one by one.
What Is Big Data Analytics?
Before you understand the data analytics industry trends, you must get a brief on big data analytics. (No, it's not the same thing as business analytics.)
There are as many definitions of big data analytics as small businesses. We'll take that information and break it down for you.
We must first understand what big data means to define big data analytics.
Source by: https://www.bluent.net/blog/big-data-analytics-trends-for-future/
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