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Big Data Industry Predictions for 2017

Please visit http://insidebigdata.com/2016/12/21/big-data-industry-predictions-2017/ for the full article

Wow! What a year 2016 has been. The big data industry has significant inertia moving into 2017. In order to give our valued readers a pulse on important new trends leading into next year, we here at insideBIGDATA heard from all our friends across the vendor ecosystem to get their insights, reflections and predictions for what may be coming. We were very encouraged to hear such exciting perspectives. Even if only half actually come true, Big Data in the next year is destined to be quite an exciting ride. Enjoy!

Daniel D. Gutierrez – Managing Editor

Artificial Intelligence

AI and analytics vendor M&A activity will accelerate — There’s no doubt that there’s a massive land grab for anything AI, machine learning or deep learning. Major players as diverse as Google, Apple, Salesforce and Microsoft to AOL, Twitter and Amazon drove the acquisition trend this year. Due to the short operating history of most of the startups being acquired, these moves are as much about acquiring the limited number of AI experts on the planet as the value of what each company has produced to date. The battle for AI enterprise mindshare has clearly been drawn between IBM Watson, Salesforce Einstein, and Oracle’s Adaptive Intelligent Applications. What’s well understood is that AI needs a consistent foundation of reliable data upon which to operate. With a limited number of startups offering these integrated capabilities, the quest for relevant insights and ultimately recommended actions that can help with predictive and more efficient forecasting and decision-making will lead to even more aggressive M&A activity in 2017.
— – Ramon Chen, CMO, Reltio

Big Data

Data lakes will finally become useful — Many companies who took the data lake plunge in the early days have spent a significant amount of money not only buying into the promise of low cost storage and process, but a plethora of services in order to aggregate and make available significant pools of big data to be correlated and uncovered for better insights. The challenge has been finding skilled data scientists that are able to make sense of the information, while also guaranteeing the reliability of data upon which data is being aligned and correlated to (although noted expert Tom Davenport recently claimed it’s a myth that data scientists are hard to find). Data lakes have also fallen short in providing input into and receiving real-time updates from operational applications. Fortunately, the gap is narrowing between what has traditionally been the discipline and set of technologies known as master data management (MDM), and the world of operational applications, analytical data warehouses and data lakes. With existing big data projects recognizing the need for a reliable data foundation, and new projects being combined into a holistic data management strategy, data lakes may finally fulfill their promise in 2017.
— – Ramon Chen, CMO, Reltio

Security

Cloud and data security agility will gain further importance — This is a rather obvious prediction, given the phobia of data breaches and the reticence of industries such as the financial sector to use public cloud technologies. Meanwhile, life sciences and retail, to name two industries, continue to forge ahead, realizing efficiencies while adhering to some of the strictest privacy and governance requirements set forth by regulators. With requirements such as the General Data Protection Regulation (GDPR) now in effect, companies not only have to ensure that their data is physically housed in the right geographic centers, but that the access complies with the most stringent regulations related to personal access and approvals for use of that data. Many vendors are now taking steps to provide the most secure, validated and agile infrastructure possible. Partnerships and use of Amazon Web Services, Google Cloud, and Microsoft Azure go a long way to providing the confidence and flexibility that many companies are looking for. In 2017, vendors offering Platform as a Service (PaaS) and tools themselves must also do their part in complying to Service Organization Control (SOC) types, as well as in the case of healthcare data, HITRUST (Health Information Trust Alliance), that provides an established security framework that can be used by all organizations that create, access, store or exchange sensitive and regulated data.
— – Ramon Chen, CMO, Reltio