BOSTON--(BUSINESS WIRE)--Nucleus Research has released the 2019 State of the Analytics Market report, finding vendors following a year of high investment in AI technology. Leading vendors are developing solutions that automate key analytics processes to free up human operators for more complex value-added work while helping decision makers anticipate potential issues before they arise.
“Going forward into the year, Nucleus expects some disruption in the analytics space as customers become savvier about the capabilities of AI integration and edge devices linked to cloud networks that enable new business models, such as data science as-a-service,” said Daniel Elman, analyst at Nucleus Research.
Businesses are now starting to give autonomous analytics tools unprecedented levels of operational control and access to data to drive up time-saving benefits and increase user productivity. Increased quality of autonomous systems along with a better awareness of both the capabilities and limitations of technology are driving this trend. Additionally, businesses have adopted a more proactive approach to analytics, seeking out predictive capabilities within vendor solutions.
“While it’s been overhyped for several years now, AI is finally showing real potential and is here to stay. Nucleus Research estimates that by 2024, 80 to 90 percent of new applications and consumer devices will come with built-in intelligence. Just don’t expect all the sci fi promises and focus on AI that delivers real value,” Elman continued.
Looking forward, 2019 analytics trends to watch include the rise of intelligent edge devices, calls for ethical-use policies concerning user data and AI and data science as-a-service. There will also be a reset of expectations as people abandon the wild, futuristic AI promises and refocus on the real capabilities AI can deliver today.
For further analytics industry insights from the past year and forward into the next five, the State of the Market report is available from Nucleus Research here: https://nucleusresearch.com/research/single/the-state-of-the-analytics-market-2019/
About Nucleus Research
Nucleus Research is a global provider of investigative, case-based technology research and advisory services. We deliver the numbers that drive business decisions. For more information, visit NucleusResearch.com or follow us on Twitter @NucleusResearch.
