1. 2.5 quintillion bytes of data are produced by people every day
2/1/2021 10:44:36 AM
2.5 quintillion bytes of data are produced by people every day
Predictions 2021,Data Analytics,Natural Search,Audio Visuals,Quintillion Bytes
https://appdevelopermagazine.com/images/news_images/Advanced-data-analytics-provide-higher-quality-insights-App-Developer-Magazine_36qa2412.jpg
App Developer Magazine

2.5 quintillion bytes of data are produced by people every day



Freeman Lightner Freeman Lightner in Big Data Monday, February 1, 2021
25,546

Ramesh Panuganty, CEO of BI company MachEye predicts that because 2.5 quintillion bytes of data are produced by people every day, in 2021 business intelligence will be shifting towards advanced data analytics and advanced data analytics provide higher quality insights, natural search, and interactive audio-visuals will be essential, and advanced data translation tools will have significant demand.

Business Intelligence is shifting to a new paradigm of advanced data analytics with the integration of Natural Language, Natural Search, AI/ML, Augmented Analytics, Automated Data Preparation, and Automated Data Catalogs. This will transform business decision-making processes with higher-quality real-time insights.

2.5 quintillion bytes of data are produced by people every day

2.5 quintillion bytes of data are produced by people every day, and it will grow faster each year. Business intelligence leaders are already struggling to translate this explosion of complex data into actionable insights. As a result, there will be a significant demand for more advanced, easy-to-use data translation tools.

Businesses that continue to use static dashboards and Excel-based reports will fail to identify meaningful trends for new business opportunities, as well as lose visibility into potentially disruptive events.

Data generated by mobile, voice interaction, and smart assistant technologies will be significant. However, in terms of Business Intelligence, their significance lies in shaping how people like to engage with and consume information.

Most companies were unprepared to scale their enterprise for a global remote workforce. This shift revealed the need to empower business user independence to access and translate the data they need. Easier tools, such as natural search and interactive audio-visuals, will be essential for them to successfully interpret and act on these insights.
 


Subscribe to App Developer Magazine

Become a subscriber of App Developer Magazine for just $5.99 a month and take advantage of all these perks.

MEMBERS GET ACCESS TO

  • - Exclusive content from leaders in the industry
  • - Q&A articles from industry leaders
  • - Tips and tricks from the most successful developers weekly
  • - Monthly issues, including all 90+ back-issues since 2012
  • - Event discounts and early-bird signups
  • - Gain insight from top achievers in the app store
  • - Learn what tools to use, what SDK's to use, and more

    Subscribe here