We expect 2013 to be the year when organizations take a holistic versus fragmented approach to building out durable analytics programs and capabilities
Portland, Oregon (PRWEB) December 20, 2012
The International Institute for Analytics (IIA), a technology and market research firm focused exclusively on serving the business analytics industry, conducts live webcast moderated by Tom Davenport and presents 2013 Predictions for Analytics.
Attended by a global audience of business analytics professionals representing a variety of industries, IIA’s Tom Davenport along with lead faculty members presented the firm’s predictions for analytics in 2013.
“As in the past, this year was filled with discussion of the possibilities of big data and analytics. We expect 2013 to be the year when organizations take a holistic versus fragmented approach to building out durable analytics programs and capabilities. At the same time, a lot of investment in point analytical solutions has taken place over the past three years. This year, the abundance of analytical software start-ups will shrink due to consolidation or failure. 2013 is stacking up to be a very interesting year,” said Jack Phillips, CEO, IIA.
Casting 2013 Predictions:
This year, as in past years, Davenport presented IIA’s view on the challenges and opportunities for analytics users, and product and service providers for the coming year. The IIA faculty and participants engaged in a lively discussion around eight key predictions for 2013:
- Big data market will see a spate of mergers, acquisitions, and closures with many start-ups failing
- New cross-industry corporate entities will form based on the competitive importance of newly aggregated data
- The current shortage of data scientists will continue as companies make do with small analytics teams
- The mystique of the data scientist will persist throughout the year, but the lines between data scientists and other analytics professionals will blur
- Personalized, cross-channel, customer-driven analytics will transcend product-driven analytics
- Companies will identify which applications of machine learning will yield the greatest return
- Interactive and dynamic data visualization tools will grow in prevalence and influence, but will not become commonplace
- Escalating numbers of high-profile data security breaches will drive development of sophisticated, predictive analytics
To receive information about IIA participation and membership, please direct an email to Patty Caron at pcaron(at)iianlaytics(dot)com. For media interested in receiving a summary of the 2013 Predictions for Analytics, contact Lauren Curley at lcurley(at)iianalytics(dot)com.
The International Institute for Analytics (IIA) was created to bring a common organizing language and ‘experienced-based’ research to the growing business analytics industry. Research is organized by vertical industry and organizational role. IIA’s mission is to meet the research and decision-support needs of business and analytics leaders and their teams as the focus on analytics as a competitive differentiator increases.
IIA’s offerings include annual research subscriptions for individuals and enterprises, faculty-moderated analytics research councils, executive roundtables and phone conversations, and advisory services for both analytics teams and vendor companies. To drive the organization’s insights, curriculum, and dialogues, IIA serves its clients through a unique ‘experience-based’ research methodology that uses a combination of world-class faculty and a closed community of end-users.
SAS, Accenture, Intel, Teradata, SAP & Dell have supported IIA as early underwriters since inception. For more information about IIA, visit http://iianalytics.com/.