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IDG Enterprise — the leading enterprise technology media company, composed of CIO, Computerworld, CSO, InfoWorld, ITworld and Network World — reveals in the 2016 IDG Enterprise Data & Analytics research that 69% of organizations have either implemented data-driven projects or are planning to. Data & analytic strategies and practices stretch beyond storing 247.1 terabytes of data—which most organizations anticipate having to deal with in the next 12-18 months. The focus is on understanding where the data is coming from, how it can be used, security implications and the solutions that vendors offer to alleviate internal burdens brought on by additional data & analysis.
Integrating Data & Analytics into Business
Technology budgets are staying strong as companies continue to harness data for insights and competitive gain. In the coming 12-18 months, 44% of organizations will increase their spending on data-driven initiatives and an additional 35% will have budgets remain consistent with the previous year (Click to Tweet). This translates to enterprise organizations (1,000+ employees) spending an average of $13.9 million on data-driven initiatives and SMBs (<1,000 employees) spending $4.3 million, a drastic jump from the $1.6 million SMBs anticipated spending in 2015.
Today, a digital stethoscope has the ability to record and store heartbeat and respiratory sounds. Tomorrow, the stethoscope could function as an “intelligent thing” by collecting a massive amount of such data, relating the data to diagnostic and treatment information, and building an artificial intelligence (AI)-powered doctor assistance app to provide the physician with diagnostic support in real-time. AI and machine learning increasingly will be embedded into everyday things such as appliances, speakers and hospital equipment. This phenomenon is closely aligned with the emergence of conversational systems, the expansion of the IoT into a digital mesh and the trend toward digital twins.
Three themes — intelligent, digital, and mesh — form the basis for the Top 10 strategic technology trends for 2017, announced by David Cearley, vice president and Gartner Fellow, at Gartner Symposium/ITxpo 2016 in Orlando, Florida. These technologies are just beginning to break out of an emerging state and stand to have substantial disruptive potential across industries.