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Our Analytics Predictions for 2014

Short Takes...on Analytics

Posted by John Lucker, Principal, Deloitte Consulting LLP

Few areas of business are changing faster than where and how analytics are being used. Turn your head for a second and—boom—you're falling to the back of the pack.

From big data and visualization to predictive modeling and more, analytics is an evolving world of technologies and tools that few have time to keep up with. But for all the uncertainty in this field, business leaders still have to make decisions and choices about the future. That’s why we put together a collection of eight trends to watch in 2014—including our take on why some of them may not materialize.

These trends made our list:

  • The talent crunch that wasn’t
  • A picture is worth a thousand numbers
  • Machine learning finds a big data niche
  • Data discovery platforms: The new R&D lab?
  • Analytics drives entertainment
  • The rise of the Chief Analytics (and Big Data) Officer
  • Data products run amok
  • Is the data warehouse dead?

The report—available in interactive and PDF formats—focuses on trends that appear to be important, while pointing out areas of disagreement, even within our own organization.

Whether a particular trend will affect you immediately is hard to say. Yet thinking about the trend, and what it might mean for your organization, may be time well spent.

Will all these trends be big in 2014? Check it out www.deloitte.com/us/analyticstrends and let us know what you think.

About Deloitte

As used in this document, "Deloitte" means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

Copyright © 2012 Deloitte Development LLC. All rights reserved.
Member of Deloitte Touche Tohmatsu Limited

This publication contains general information only and Deloitte is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person who relies on this publication.

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