Analytics and Big Data: Emerging trends and their impact on our lives

Abstract

Companies are increasingly turning to Analytics to gain a competitive edge, providing decision makers with better insights. As they do, firms must resolve unique demands on their Information Technology resources and processes. This paper attempts to review the chronology of the adoption of Analytics. Next, it highlights how various economic sectors have incorporated Analytics and the resulting changes in the ways businesses interact with their customers. Further, the paper explores the cutting edge innovations in the Analytics domain. Subsequently, this paper tries to do an impact analysis on all these developments of our lives. Finally, the opportunities and threats, and how they may stand to affect our future, are discussed.

Guest editorial

“…In other words, the integration of AI, data analytics and blockchain can produce greater impacts and availability of different services, such as 5G, Internet of things (IoT), Cloud, Fintech, cybersecurity and software engineering (Skilton and Hovsepian, 2017; Gai et al , 2018; Mohamed and Ali, 2018; Chang et al , 2019b; Saha, 2019). The integrated services have emerged to tackle large-scale standalone IT facilities for improving computational efficiency and reducing cost.…”