“The use of advanced computing algorithms that identify and optimize business insights humans cannot spot”.
Forward-looking organizations can’t afford to overlook the emerging trends in AI and analytics in 2019. DMI unpacks the driving forces for the New Year. “Companies that fail to adopt AI will lose out,” says Dr. Srinivasa Vegi, DMI executive vice president. “Some industries may even be wiped out.” AI will deliver approximately $2 trillion worth of business value worldwide over the next year. Trends: 1) AI & Analytics Merger. Applying AI algorithms to analytics will prove transformative but the complex merger requires a roadmap. 2) Decision Automation. Greater AI & ML in enterprise resource planning will empower smarter process changes to drive cost savings. 3) Digital Twins. Digital replicas of physical processes let humans interact with IoT sensors automating asset management. 4) Edge Computing. Data center AI & analytics will deliver more real-time intelligence, anticipating problems & implementing fixes before costly breakdowns. 5) Mixed Reality. The combination of elements of VR & AR with data analytics will grow in 2019 but will accelerate even faster over the next two or three years. 6) Blockchain Boom. Blockchain uses a shared digital ledger that’s impossible for hackers to breach. 7) Cloud Maturity. More organizations will embrace the cloud generating huge new datasets to inform advanced ML. 8) Full-Stack Engineers. Companies will scramble to hire full-stack engineers with AI & analytics skills making this one of the hottest careers of 2019.