Question

Diiscuss how you see the future of data analytics, and answer the following:

What opportunities could come out of data analytics in the future?

Which industry or field will most benefit from data science?

Which industry or field will find it the most challenging to gain benefits from data science?

Will data analytics project management be different in the future? Why/why not?

Answer 1

> Data Analytics is a process of examing the data and processing to draw conclusion about the information they contain using specialized systems and softwares.

Oppurtunities that could come out of data analytics are many. As time passing the data regarding anything whether in public or private sector is increasing day by day and hence the oppurtunities of data analytics. There is no sector where data is absent. Now-a-days everybody is busy and need the result or the answer to their critical questions (whether an individual or any business organisation) as soon as possible. Here Data Analytics can be used to get accurate and fast result. Then the introduction of Artificial Intelligence, led to more data processing and hence, more oppurtunity for data analytics.

> Data Science is a multidisciplinary field that uses Scientific, Computer/IT and Business knowledge to extract result from complex analytical problems. Each and every field requires these 3 components for its proper functioning. The top 5 field/industry among them are Healthcare and Pharmaceutical, Telecommunication, Internet, Energy and Automotive Industry.

> Data Science is an emerging field which is being integrated in all the sectors. Thus, there will not be any industry or field where one can't gain benefit from data science as data is increasing in each and every sector day by day.

> Yes it will differ and data analytics will become the driver of operations. Data analytics will get infused in an organization's architecture which will include strategic project management. Executives will use data analytics for busines strategy and growth which will create additional roles for professionals.