Data Analytics trends in 2021

0
560

SAS is the leader in analytics. Through innovative software as well as services, it empowers and inspires customers around the world to transform data into intelligence.

Reconfiguring the cloud for analytics

As mentioned by Tom Fisher, Senior Vice President of Business Development, SAS, that the cloud was built for transactional systems, not for analytics. Since Analytics requires a lot more memory than a traditional application as well as needed faster networks to get data that is not in memory, to make analytics work in real-time.

Decision-makers start to trust AI

Joao Oliveira, Business Solutions Manager, SAS mentioned that the more visibility that decision-makers have into AI results in confidence they have in the decisions that are being made by the models. Adding human oversight as well as explaining the models at each step in a decision process will help in the acceptance of AI.

Smart towns catch up to smart cities

As mentioned by Shaun Barry, Senior Manager, SAS, that small towns are doing similar to cities with analytics. Even the small towns have an opportunity to attract and recruit people to relocate using analytics.

The year of the vaccine

2020 was a year of coronavirus Pandemic, 2021 will be the year of the vaccine. There can be many questions arises when vaccines are made, analytics plays an important role in planning rollout and tracking distribution, side effects, and effectiveness of vaccine rather than the approval of the vaccine development process as commented by Greg Horne, Global Principal for Health Care, SAS.

Consumers gain more control with remote everything

Consumers are in control when it comes to all digitization activities such as retail digitization, banking digitization, health care digitization. As the customer does online, businesses are expected to keep up as mentioned by Klaus Kohlmayr, Chief Evangelist, IDeaS.

Data natives enter the workforce

Lucy Kosturko, Manager for Social Innovation, SAS mentioned that data enter the workforce, their innate abilities to track and understand data will improve the ways they work. 

Patient-first pharma saves more lives

Analytics in medical fields helps to save more lives, targeted therapies based on genetic profile are becoming easier to develop as well as results from every phase of clinical trials are coming in quicker, giving patients a better opportunity to find the latest treatments that will work for them.