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We then transform that data into products that help our clients compare themselves to peers, and understand which providers are best suited to support their strategic initiatives. Interest in turning enterprise data into new revenue is soaring. 1 such initiative, more than double the 16% who said the same last year.
According to a forecast by IDC and Seagate Technology, the global data sphere will grow more than fivefold in the next seven years. The total amount of new data will increase to 175 zettabytes by 2025 , up from 33 zettabytes in 2018. This ever-growing volume of information has given rise to the concept of big data.
Mordor Intelligence predicts that the technology’s value in the industry will grow at a CAGR of 23.17% until 2025. PredictiveAnalytics. Artificial intelligence works best when paired with real-time data. With financial technology apps, predictiveanalytics has a number of benefits.
You can use big dataanalytics in logistics, for instance, to optimize routing, improve factory processes, and create razor-sharp efficiency across the entire supply chain. The big data market is expected to exceed $68 billion in value by 2025 , a testament to its growing value and necessity across industries.
An exemplary application of this trend would be Artificial Neural Networks (ANN) – the predictiveanalytics method of analyzing data. billion by 2025. Such innovations offer the ability to transfer data over a network, creating valuable experiences for both the consumer and the business itself.
Yet, while businesses increasingly rely on data-driven decision-making, the role of chief data officers (CDOs) in sustainability remains underdeveloped and underutilized. Beyond environmental impact, social considerations should also be incorporated into data strategies.
Looking ahead to 2025, what do you see as the key technology trends that will shape the Middle Easts digital landscape? By 2025, several key technology trends will shape the Middle Easts digital landscape. How do you foresee artificial intelligence and machine learning evolving in the region in 2025?
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