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Impact
High
Impact on business
High
Expected peak
5 years
Like many cognitive computing systems, Sofie extends the reach of humansit doesnt replace them.
Analytics Trends 2016 | The next evolution | 3
Impact
So soon?
Medium
Impact on business
High
Expected peak
3 years
All of this is powered by a deep, coordinated team of analytics talentnearly 100 analysts and data scientists led by
a chief analytics officer and deployed in a hub-and-spoke model that uses both centralized and embedded analysts.
Analytics Trends 2016 | The next evolution | 4
Impact
High
Impact on business
High
Expected peak
3 years
2 Source: International Data Corporation, Big Data and Predictive Analytics: On the Cybersecurity Front Line, February 2015.
Were really moving toward anticipating and predicting threats, says the firms head of cybersecurity. Were
also trying to understand the threat landscape in different parts of the worldwhich is where external data
and analytics come in. Today, this company is using rule-based technologies to identify and pursue anomalies
within its key systems. Its also using advanced math to preprogram potential threats.
Externally, this group is analyzing huge swaths of human behavior data, in channels such as social media and
IRC, to understand the most likely sources of threats and to know when employees may be traveling in global
hot spots of threatening activity. These models are not currently fully automated but instead are incredibly
helpful in focusing our human analysts, says this cybersecurity leader.
IT and Security
Analytics Trends 2016 | The next evolution | 5
Impact
Real investment
This innovation is taking place in both consumer-focused
and business-to-business (B2B) industries. International Data
Corporation (IDC) estimates that the worldwide IoT market
will grow from $655.8 billion in 2014 to $1.7 trillion in 2020.
Devices, connectivity, and IT services will likely make up
two-thirds of the IoT market in 2020, with devices (modules/
sensors) alone representing more than 30 percent of the total.3
High
Impact on business
High
Expected peak
5 years
3 Sources: International Data Corporation, IDCs Worldwide Internet of Things Taxonomy, 2015,
Worldwide Internet of Things Forecast, 2015-2020, Worldwide IoT Spending Guide by Vertical
Boston was also one of the first cities to adopt BigBelly trash cans, which continuously report on how full they are so that they
can be emptied more efficiently. Elsewhere, smart benches can be used for charging smartphones and reporting on noise
and pollution levels.
While the application of the IoT to city administration has really only just begun, Boston, along with cities such as Singapore,
Amsterdam, Toronto, and others, is part of the vanguard of addressing how smart, connected devices can transform urban living.
Impact
A deepening shortage
By now its obvious that universities and colleges cant crank
out data scientists fast enough to keep up with business
demands. And they certainly cant produce experienced
analysts from a two- or four-year program. Forty percent of
respondents to a 2015 MIT Sloan Management Review survey
say they have difficulty hiring analytical talent. Only 17 percent
of analytically challenged firms say they have the talent they
need. Among companies reported to be "analytics innovators,"
74 percent said they had the analytics talent needed.
Getting creative
International Data Corporation (IDC) predicts a need for
181,000 people with deep analytical skills in the US by 2018
and a requirement for five times that number of positions
with data management and interpretation capabilities.1
To complicate matters, there is no clear set of capabilities
that define a data scientist, because different problems
require different skill sets. Some organizations are taking a
multipronged approach by supplementing campus recruiting
with alternativesfrom turning to managed analytics to
cultivating in-house talent.
With a rising number of analytics and data science
programs at universitiesmore than 100 in the
Medium
Impact on business
High
Expected peak
1 year
HR and IT
Analytics Trends 2016 | The next evolution | 7
Impact
High
Impact on business
High
Expected peak
5 years
Trend Watchers
Forrest Danson
Principal
US Leader, Deloitte Analytics
Deloitte Consulting LLP
fdanson@deloitte.com
Adnan Amjad
Partner
Cyber Risk Services
Deloitte & Touche LLP
aamjad@deloitte.com
Tom Davenport
Independent Senior Advisor
Deloitte Analytics
tdavenport@babson.edu
Steven Gold
Principal
Enterprise Science Leader
Deloitte Consulting LLP
stevegold@deloitte.com
Jim Guszcza
Senior Manager
Chief Data Scientist
Deloitte Consulting LLP
jguszcza@deloitte.com
John Lucker
Principal
Global Advanced Analytics Market Leader
Deloitte Consulting LLP
jlucker@deloitte.com
Vivek Katyal
Principal
US Risk Analytics Leader
Deloitte & Touche LLP
vkatyal@deloitte.com
Beth Mueller
Partner
US Tax Analytics Leader
Deloitte Tax LLP
bethmueller@deloitte.com
Jon Raphael
Partner
Audit Chief Innovation Officer
Deloitte & Touche LLP
jraphael@deloitte.com
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