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Data Analytics in Business. According to Stastia , the global bigdata market is forecasted to grow to 103 billion U.S. dollars by 2027, more than double its expected market size in 2018. If you are an organization set out to embrace data analytics, here’s a list of the top 5 myths you need to be aware of.
Consequently, like every other sector, O&G is exploring the vast potential of ArtificialIntelligence (AI) applications to increase productivity, boost security, enhance equipment availability, maintenance, and uptime, and enable sustainable operations. This data repository is analyzed by AI algorithms in real time.
The Growing Importance of Data. The global bigdata market is forecasted to grow to about 103 billion U.S. dollars by the year 2027 – Statista. Data continuously flows from a plethora of internal and external channels including computer systems, networks, social media, mobile phones etc.
Artificialintelligence (AI) is engendering all kinds of breathless headlines, from being able to play Go to spotting rare cancer tumors. How does AI diffusion compare with the absorption of the early set of digital technologies such as web, mobile, cloud, and bigdata? Tomohiro Ohsumi /Getty Images.
As per research by Statista , the value of the software segment of advanced analytics and other bigdata services will increase to $46 billion by 2027. But while most organizations have implemented data analytics in their companies or are about to, their ability to leverage its power effectively is limited.
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