Data and ana­lyt­ics trends for rest of 2021

Cre­at­ing long last­ing, even future proof data and ana­lyt­ics solu­tions and fresh devel­op­ment plans to cus­tomers requires hav­ing a high com­pe­tence lev­el and a lot of expe­ri­ence, a strong bedrock if you will, to build up from. On top of that you also need to have the abil­i­ty to look even fur­ther into the hori­zon and under­stand the direc­tions of devel­op­ment in the indus­try. We are also still to build the famous crys­tal ball to fore­see the future, but by active­ly fol­low­ing the indus­try, lis­ten­ing to our cus­tomers, shar­ing thoughts with our part­ners and by col­lect­ing infor­ma­tion gath­ered by dif­fer­ent research com­pa­nies, we get a com­pre­hen­sive idea about not only the cur­rent BI-mar­ket but also of the mar­ket in the com­ing years.

So, what is in the hori­zon for data and ana­lyt­ics market?

It is clear­ly vis­i­ble that the trend of data dri­ven deci­sion mak­ing and man­age­ment that has sur­faced long ago is still accel­er­at­ing its speed. Tech­no­log­i­cal devel­op­ment, changes in both own and cus­tomers’ busi­ness­es, devel­op­ment needs of dif­fer­ent solu­tions, all com­bined with the dras­tic changes in the mar­ket envi­ron­ment are form­ing quite a cross sea, in which even the most sta­ble ship can lose its course. This equa­tion of many fast-chang­ing fac­tors also cre­ates a con­stant pres­sure to devel­op and evolve the sta­tus of report­ing and data man­age­ment to the next lev­el. The make best pos­si­ble deci­sions, the infor­ma­tion that the deci­sions are based on must be rel­e­vant, as time­ly as pos­si­ble and in an eas­i­ly con­sum­able and visu­al­ly pleas­ant form. There is also con­stant­ly more data avail­able as com­pa­nies work to dig­i­tal­ize their func­tions and process­es. The ben­e­fits that mod­ern report­ing tools and data plat­forms bring to effec­tive­ness of shar­ing infor­ma­tion and deci­sion mak­ing is begin­ning to be vast­ly rec­og­nized. Still in many com­pa­nies the every­day strug­gle revolves around the most basic chal­lenges: the lack of data vis­i­bil­i­ty, devel­op­ment is too slow and there is way too much man­u­al work relat­ed to report­ing. As the needs and sit­u­a­tions of com­pa­nies keep chang­ing busi­ness­es are striv­ing to find as agile and scal­able solu­tions as pos­si­ble. In prac­tice this can be seen in the steep increase in demand for cloud solu­tions. The same rea­sons are also affect­ing behind the pop­u­lar­i­ty of more exten­sive data plat­forms and ana­lyt­ics tools with more diverse fea­tures. There is still a place for more tra­di­tion­al data ware­hous­es and data mod­el­ing, but as the speed gets high­er com­pa­nies are look­ing for broad­er solu­tions that can bet­ter sup­port data ana­lyz­ing and devel­op­ment of intel­li­gent data solu­tions, such as dif­fer­ent data trig­gered auto­mat­ed alarms or stake­hold­er data services.

Trend pre­dic­tions for the rest of 2021 in data and analytics:

• All new data and ana­lyt­ics solu­tions are build in cloud.
• Microsoft Azure is grow­ing its mar­ket share in data and ana­lyt­ics solu­tions and Pow­er BI con­tin­ues to chal­lenge the oth­er lead­ing ana­lyt­ic tools.
• Automa­tion increas­es: seen espe­cial­ly in aug­ment­ed data man­age­ment and intel­li­gent data-plat­form automa­tion with tools
• Users are get­ting more com­pe­tent and self-made visu­al ana­lyt­ics increases
• Orga­ni­za­tions are cre­at­ing more com­pre­hen­sive devel­op­ment plans – ambi­tious and bold data- ja ana­lyt­ics strategies.

In case the state of data dri­ven deci­sion mak­ing and report­ing in your com­pa­ny would ben­e­fit from a cor­rec­tion of course, we sug­gest tak­ing a clos­er look at Islets data con­sult­ing ser­vices. We help com­pa­nies to nav­i­gate safe­ly to shore through even the shal­low­est of waters: whether it is sup­port­ing your inter­nal resources in defin­ing work, doing a base­line analy­sis or the com­plete plans and exe­cu­tions of data archi­tec­ture and data strat­e­gy as a turnkey solu­tion, all the way to main­te­nance services.