The role of trends in business analytics cannot be understated. Of all the different things that can affect a field, some end up setting the tone and becoming a trend.
Many great advancements are viewed as disruptions and sideshows. It is only after they morph into trends that people start taking them seriously until ultimately they become the norm. Take mobile phones and computers as a clear example.
Business analytics was viewed as a trend in the world of business development. It is only now that we’re seeing the field getting codified and becoming a key part of the business world.
Trends in business analytics should be taken seriously as they will end up becoming the norm in the field in the next five to ten years. This article covers some of the serious trends in business analytics.
Artificial Intelligence (AI)
Possibly a trend in every dynamic field right now, AI threatens to disrupt the normal way of working anywhere it manages to establish a foothold. The role of AI in business analytics could be unimaginable if professionals in the future manage to use it to its potential.
There are two ways business analysts can look at AI as an emerging trend in their profession – will it take over the role of analysts or will analysts adapt and grow alongside the limitless opportunities presented by AI. For the sake of their future, business analysts should take the latter approach.
Machine Learning
Many make the mistake of think machine learning and AI to be the same. Machine learning is, in simple words, allowing a machine to learn certain repetitive tasks that humans are used to doing. The role of machine learning in business analytics is to help professionals do their jobs fast by automating all the repetitive tasks.
In Conclusion
Every dynamic field is driven by new trends. Some trends come up due to advancement in technology. Others come up as the mindset of those working in the field evolves. For better or worse, trends are important for the long term development of a field like business analytics. If some of the trends discussed in this article piqued your interest, consider joining the business analytics course in Delhi offered by Kapil Heera Academy.
About the Author – Kumar Ranjan is a writer and blogger who has written several posts on the impact of business analytics on modern-day businesses. His field of specialty is data science and analytics.