NOVEMBER 2022CIOAPPLICATIONS.COM6EditorialThe Booming World of Data AnalyticsData Analytics is being increasingly leveraged by startups, SMEs, and large organizations to reduce costs, improve customer experience, optimize existing processes and achieve better-targeted marketing. In addition to these, many companies are showing interest in Big Data due to its ability to improve data security. So, how is Big Data evolving with the likes of new technological innovations like AI/ML, Blockchain, IoT in the fray?In recent years, there have been a number of technological advances that have revolutionized the way businesses around the world operate, including machine learning, artificial intelligence, robotics, and automation, among others. Data analysis is rapidly evolving with AI, upping human abilities at both the personal and professional levels, as well as assisting businesses to gain a better understanding of the data they collect. The business landscape has changed dramatically since COVID-19, rendering historical data somewhat obsolete. The market now has a vast array of new scalable and clever AI and machine learning techniques capable of dealing with small data sets, unlike traditional AI techniques.Data democratization aims to empower all members of an organization, regardless of technical expertise, to interact comfortably with data and to discuss it confidently, ultimately leading to better decisions and customer experiences. Today, companies are embracing data analytics as a core element of any new project and a key business driver. With data democratization, non-technical users can gather and analyze data without the assistance of data stewards, system administrators, or IT staff.With the continued evolution of the digital world, startups, SMEs, and large organizations are increasingly using data analytics to enhance customer experience, reduce costs, optimize existing processes, and reach a wider audience. Apart from these, big data is attracting a good deal of interest from many companies due to its ability to enhance the security of critical information. More and more data analytics trends are likely to emerge and flourish in the years 2023, and beyond, as we move forward with the development of artificial intelligence.Let us know your thoughtsJoe PhillipManaging Editoreditor@cioapplications.comJoe PhillipCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.NOVEMBER - 17 - 2022, Volume 08 - Issue 22 (ISSN 2644-240X) Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com Managing EditorJoe PhillipEmailsales@cioapplications.comeditor@cioapplications.commarketing@cioapplications.comGraphics & ArtEditorial StaffBen JacksonDaniel HolmesEzra BenjaminCatalina JosephRose DcruzSenior WritersClara MathewLeah JaneRoyce D'SouzaAsher BlakeDisclaimer: *Some of the Insights are based on our interviews with CIOs and CXOs
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