Global Advanced Analytics Market: Overview
Globally, the demand for big data have increased at a
significant rate due to increasing cloud services, growing accumulation of
data, and high demand for data analytics. All these factors have boosted demand
in the global
advanced analytics market. With cloud-based services becoming
mainstream along with its seamless connectivity led in growth of data sharing
and analytics.
Growing preference for advanced technologies along with
business intelligence and analytics are also accelerating growth in the global
advanced analytics market. Use of advanced analytics helps in taking decisions
in a much quicker manner, improves processes, and helps in identifying
opportunities, thus, augmenting demand in the global advanced analytics market.
Alongside these factors, various other growth factors are
presented in the report that helps key market participants in taking
well-informed decisions. Competitor’s analysis, regional growth, and leading
segments all are given in the report.
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Global Advanced Analytics Market: Notable Developments
Organizations from different sectors are deploying advanced
analytics to get their hands on raw data to predict future trends. Companies
operating in healthcare, banking and finance, retail and consumer goods,
government, defense, and various other industries are using advanced analytics.
For example:
- Brightree
introduced an analytics platform for HMEs that helps in KPI tracking,
provide workflow insights, peer benchmarking reducing users efforts to
aggregate data themselves. Brightree’s Advanced Analytics based on large
number of data points helps HMEs with scalable data solutions. This will
benefit companies in making advanced and well-informed decisions varying
from business operations, revenue cycle management, and resupply programs.
- PrevenTech™
is solution introduced by Cummins Inc (CMI) that helps in digital
monitoring and reporting solution by detecting potential equipment health
issues. It will help in mitigating performance impact and enhance mine
site productivity with smooth service planning and maintenance.
Some of the other key players in the global advanced
analytics market are Angoss Software Corporation, SAS Institute, Fico, SAP SE,
Oracle Corporation, IBM Corporation, KNIME AG, Statsoft, and Microsoft
Corporation.
Global Advanced Analytics Market: Trends and
Opportunities
Significant rise in market competition, an ongoing trend has
boosted growth in the global advanced analytics market. Rising significance of
data may it be structure or unstructured has now a crucial role to play, which
will further expand growth opportunities in this market. Moreover, availability
of different advanced analytics such as text analytics, predictive analytics,
and customer analytics decision support and optimization applications that
provide advanced results have bolstered demand in the global advanced analytics
market.
Strong and Technically Advanced Infrastructure,
Strengthen North America’s Position in Global Advanced Analytics Market
On the regional frontier, the global advanced analytics
market covers North America, Latin America, Asia Pacific, Europe, and the
Middle East and Africa. Of these, North America is estimated to hold maximum
share in the global advanced analytics market. Growing adoption of artificial
intelligence and increasing technological enhancements are the key reasons for
North America’s dominance. Significant rise in adoption of social media has
also contributed in the growth of the global advanced analytics market in North
America. Moreover, the presence of well-established infrastructure that
supports faster implementation of advanced technologies made this region a key
market for the growth of advanced analytics.
This study by TMR is all-encompassing framework of the
dynamics of the market. It mainly comprises critical assessment of consumers'
or customers' journeys, current and emerging avenues, and strategic framework
to enable CXOs take effective decisions.
Our key underpinning
is the 4-Quadrant Framework EIRS that offers detailed visualization of four
elements:
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Maps
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and Tools based on data-driven research
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to meet all the business priorities
- Strategic
Frameworks to boost the growth journey
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The study strives to evaluate the current and future growth
prospects, untapped avenues, factors shaping their revenue potential, and
demand and consumption patterns in the global market by breaking it into
region-wise assessment.
The following
regional segments are covered comprehensively:
- North
America
- Asia
Pacific
- Europe
- Latin
America
- The
Middle East and Africa
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