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#INSIGHTS DATA SCIENCE DRIVER#
Researchers at Gartner came to similar conclusions: “Increasingly, data and analytics has become a primary driver of business strategy, and the potential for data-driven business strategies and information products is greater than ever. “The next phase of digital resiliency will spur increased investment in services to address both lingering and new challenges related to enterprise intelligence initiatives.” “Unlike many other areas of the IT services market, big data and analytics services continued to grow in 2020 as organizations relied on data insights and intelligent automation solutions to survive the COVID-19 pandemic,” said Jennifer Hamel, a research manager at IDC. The mantra now is “data-driven decision making.”Īnd it’s worth noting that investment in data analytics did not drop off even in the darkest days of the global coronavirus pandemic.
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Companies are hiring data scientists and data analysts at a steady clip. According to IDC, worldwide spending on big data and business analytics solutions will climb 10.1 percent in 2021 to reach $215.7 billion. In response, the market for data analytics software has climbed rapidly. Many companies now have data analysts using data mining techniques on raw data – seeking the many actionable insights gained from this process. No matter what industry you work in, data analytics likely plays a key role in crafting your strategy. As digital transformation has gained adoption, the practice of data analytics has skyrocketed.