Analytics and Big Data for Accountants, 2nd Edition

Chapter 3What Are the Trends in Big Data?

Learning objectives

• Distinguish between different big data trends.

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 2020

Let’s discuss some of the trends impacting 2020 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 and is becoming commonplace in many organizations. In the following sections, we will attempt to identify some of the current trends for 2020, 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.

The following business intelligence (BI) trends are new for 2020¹

1. Becoming a real-time enterprise is no longer optional.
2. Big data is just data. Next up? Wide data.
3. Graph analytics and associative technology surpass SQL.
4. DataOps plus self-service is the new agile.
5. Active metadata catalogs ...