A Comprehensive Trend Report on Data Analytics in 2021

In today's digital economy, data is the new oil, and businesses that can harness it will stay ahead of the competition. It's clear when you consider some of the era's biggest and most innovative firms, such as Google, Facebook, Amazon, and Apple, who regard data as their holy grail. They're also putting a lot of money on data analytics to get the most out of their data.

Data analytics has surfaced as one of the key competitive resources in recent times. And not just for these tech giants, but for businesses of all sizes. In fact, 67% of small businesses today spend more than $10K annually on analytics tools and technologies. Also, the number of businesses relying on data analytics has seen a massive jump in the last few years. 

Looking back at 2017, which was a banner year for analytics adoption, more than 50% of organizations across industries like healthcare, education, finance, and telecom made data analytics a part of their business expense and operations. By 2020, that figure has inflated massively, with 90% of businesses considering data and analytics to be key to their organization's digital transformation initiatives. 

Organizations must become more data-driven and extract value from their data as a result of the data explosion of the last decade. The rush to achieve digital transformation is now more urgent than ever, with the worldwide epidemic compelling millions of enterprises to reconsider their business models virtually overnight. To survive and thrive, they are under increasing pressure to adapt. To take advantage of Big Data's potential and prospects, they'll need employees who can comprehend and manage their data. With analytics at the top of the current skill gap in IT professions, prospective analysts have a huge potential to carve out a successful career in this industry. If you're one of them, it's time to update your profile.

This data analytics trend report rounds up the top data analytics trends for 2021 and glances back at the trends that developed over 2020. 

Check out Syntax for more information about data analytics-powered education, certification, and career opportunities. Syntax technologies offer certification data analytics courses, such as a business intelligence Certification Course and many more. Enroll now to boost your data analytics career!  

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