Analytics and Big Data for Accountants

Chapter 3 WHAT ARE THE TRENDS IN BIG DATA?

LEARNING OBJECTIVES

After completing this chapter, you should be able to do the following:

•     Distinguish between different Big Data trends.

•     Identify how organizations are using Big Data and what their views are of Big Data going forward.

INTRODUCTION

What are the trends in Big Data? How are corporations reacting and planning to use Big Data in the coming years? An organization could gain a significant competitive advantage if it knows how to access and use Big Data. The trends in this chapter should be contrasted with your organization’s Big Data approach and used as benchmarks in the company’s strategic planning sessions.

TOP BIG DATA AND ANALYTICS TRENDS FOR 2017

Let’s consider some of the trends impacting 2017 and the future. We will then consider trends that were highlighted in the previous edition of the course.

The activity surrounding Big Data continues to increase. In the following sections, we will attempt to identify some of the current trends for 2017, as well as recognize trends that were prevalent over the last couple of years. Professionals will identify the following as possibilities to understand and exploit. Businesses that choose to ignore the potential of Big Data risk falling behind their competitors and possibly not having the ability to catch up. Tableau produced a list of significant trends for 2017:¹

1.     Modern business intelligence (BI) becomes the new normal as it moves away from IT-centric ...