Top 10 Data and Analytics Technology Trends for 2019

In BICSI Bytes, Newsby info@bicsi.com.au

Augmented analytics, continuous intelligence and explainable artificial intelligence (AI) are among the top trends in data and analytics technology that have significant disruptive potential over the next three to five years, according to Gartner.

Gartner implores data and analytics leaders to examine the potential business impact of these trends and adjust business models and operations accordingly, or risk losing competitive advantage to those who do.

Gartner research vice president, Rita Sallam said: “Data and analytics keep evolving, from supporting internal decision-making to continuous intelligence, information products and appointing chief data officers. It’s critical to gain a deeper understanding of the technology trends fuelling that evolving story and prioritize them based on business value.”

According to Donald Feinberg, vice president at Gartner, the very challenge created by digital disruption — too much data — has also created an unprecedented opportunity. The vast amount of data, together with increasingly powerful processing capabilities enabled by the cloud, means it is now possible to train and execute algorithms at the large scale necessary to finally realise the full potential of AI.

“The size, complexity, distributed nature of data, speed of action and the continuous intelligence required by digital business means that rigid and centralised architectures and tools break down,” Feinberg said. “The continued survival of any business will depend upon an agile, data-centric architecture that responds to the constant rate of change.”

Gartner recommends that data and analytics leaders talk with senior business leaders about their critical business priorities and explore how the following top trends can enable them.

Trend 1: Augmented Analytics — the next wave of disruption in data and analytics that uses machine learning (ML) and AI techniques to transform how analytics content is developed, consumed and shared.

By 2020, augmented analytics will be a dominant driver of new purchases of analytics and business intelligence (BI), as well as data science and ML platforms, and of embedded analytics. Data and analytics leaders should plan to adopt augmented analytics as platform capabilities mature.

Trend 2: Augmented Data Management — leverages ML capabilities and AI engines to make enterprise information management categories including data quality, metadata management, master data management, data integration as well as database management systems (DBMSs) self-configuring and self-tuning. It is automating many of the manual tasks and allows less technically skilled users to be more autonomous using data. It also allows highly skilled technical resources to focus on higher value tasks.

Augmented data management converts metadata from being used for audit, lineage and reporting only, to powering dynamic systems. Metadata is changing from passive to active and is becoming the primary driver for all AI/ML.

By 2022, data management manual tasks will be reduced by 45% through the addition of ML and automated service-level management.

Trend 3: Continuous Intelligence (CI) — By 2022, more than half of major new business systems will incorporate CI that uses real-time context data to improve decisions.

CI is a design pattern in which real-time analytics are integrated within a business operation, processing current and historical data to prescribe actions in response to events. It provides decision automation or decision support. CI leverages multiple technologies such as augmented analytics, event stream processing, optimization, business rule management and ML.

CI represents a major change in the job of the data and analytics team. It’s a grand challenge — and grand opportunity — for analytics and BI teams to help businesses make smarter real-time decisions in 2019. It could be seen as the ultimate in operational BI.

Trend 4: Explainable AI — AI models are increasingly deployed to augment and replace human decision-making. However, in some scenarios, businesses must justify how these models arrive at their decisions. To build trust with users and stakeholders, application leaders must make these models more interpretable and explainable.

Unfortunately, most of these advanced AI models are complex black boxes that are not able to explain why they reached a specific recommendation or a decision. Explainable AI in ML platforms, for example, auto-generates an explanation of models in terms of accuracy, attributes, model statistics and features in natural language.

Trend 5: Graph — a set of analytic techniques that allows for the exploration of relationships between entities of interest such as organisations, people and transactions.

The application of graph processing and graph DBMSs will grow at 100% annually through 2022 to continuously accelerate data preparation and enable more complex and adaptive data science.

Graph data stores can efficiently model, explore and query data with complex interrelationships across data silos, but the need for specialised skills has limited their adoption to-date.

Graph analytics will grow in the next few years due to the need to ask complex questions across complex data, which is not always practical or even possible at scale using SQL queries.

Trend 6: Data Fabric — enables frictionless access and sharing of data in a distributed-data environment. It enables a single and consistent data management framework, which allows seamless data access and processing by design across otherwise siloed storage.

Through 2022, bespoke data-fabric designs will be deployed primarily as a static infrastructure, forcing organisations into a new wave of cost to completely redesign for more dynamic data-mesh approaches.

Trend 7: NLP/ Conversational Analytics — By 2020, 50% of analytical queries will be generated via search, natural language processing (NLP) or voice, or will be automatically generated. The need to analyse complex combinations of data and to make analytics accessible to everyone in the organisation will drive broader adoption, allowing analytics tools to be as easy as a search interface or a conversation with a virtual assistant.

Trend 8: Commercial AI and ML — Gartner predicts that by 2022, 75% of new end-user solutions leveraging AI and ML techniques will be built with commercial solutions rather than open source platforms.

Commercial vendors have now built connectors into the Open Source ecosystem and they provide the enterprise features necessary to scale and democratise AI and ML, such as project & model management, reuse, transparency, data lineage, and platform cohesiveness and integration that Open Source technologies lack.

Trend 9: Blockchain — The core value proposition of blockchain and distributed ledger technologies is providing decentralised trust across a network of untrusted participants. The potential ramifications for analytics use cases are significant, especially those leveraging participant relationships and interactions.

However, it will be several years before major blockchain technologies become dominant. Until that happens, technology end users will be forced to integrate with the blockchain technologies and standards dictated by their dominant customers or networks. This includes integration with existing data and analytics infrastructure. The costs of integration may outweigh any potential benefit. Blockchains are a data source, not a database, and will not replace existing data management technologies.

Trend 10: Persistent Memory Servers — will help reduce costs and complexity of adopting in-memory computing (IMC)-enabled architectures. Persistent memory represents a new memory tier between DRAM and NAND flash memory that can provide cost-effective mass memory for high-performance workloads. It has the potential to improve application performance, availability, boot-times, clustering methods and security practices, while keeping costs under control. It will also help organisations reduce the complexity of their application and data architectures by decreasing the need for data duplication.