Big data has given businesses a window into valuable streams of information from customer purchasing habits to inventory status. However, internal data streams give only a limited picture, especially with the growth of digital business.
Three trends Gartner has identified describe information’s ability to transform business processes over the next few years. Our predictions include: By 2020, information will be used to reinvent, digitalize or eliminate 80% of business processes and products from a decade earlier. As the presence of the Internet of Things (IoT) – such as connected devices, sensors and smart machines – grows, the ability of things to generate new types of real-time information and to actively participate in an industry’s value stream will also grow.
Author: Doug Laney