As the digital landscape continues to move and expand in all directions, there is no accurate way to determine what will happen in 2018. However, you can be sure that big data will continue to be influential to businesses in 2018, especially as the internet of things (IoT) and artificial intelligence (AI) continue to be popular. Here are some of the updates on big data that you can expect this year:
• Enhancements to GDPR compliance – To avoid ICO fines, organizations must consider improving their General Data Protection Regulation, which will determine how data is collected, deleted, or stored. Making data available in a centralized location (i.e. a dashboard) can provide companies with the version of the truth in real-time, so discrepancies can easily be spotted, and consent can be provided sooner where personal information is concerned.
• Data visualization to become more crucial in business – Modern organizations continue to practice the culture of analytics, which means data is involved in their every decision. Old school approaches to business intelligence, however, do not produce more effective results due to their rigidity, slowness, and complexity—all of which result in the inability to implement data in the most efficient way possible. With modern dashboards, data visualization can be implemented to boost the ability of stakeholders to view and understand relevant information. Combining charts and graphs with accessible and powerful business analytics will provide more transparency within the organization, even in real-time.
• Data visualization may be the key to removing unnecessary data – Clean data is becoming increasingly important to businesses as it helps drive sales and marketing. This means the absence of duplicate, incorrect, incomplete, and inconsistent data that could lead to loss of revenue, misinformed decisions, poor reputation, and wasted efforts in marketing. Dashboards can implement a data visualization strategy that can help eliminate unwanted data and enable businesses to see only the most essential information at a glance.
