Finalytica Sept 2022 : Latest Happenings

    • As per the report by Economic Times by 2025, the demand for expertise in advanced technologies like AI, robots, and data science will be 20 times larger than the supply.
    • Global IT research firm Gartner forecasts the AI and data science platform market is to grow to over $10 billion by 2025 at a 21.6% compounded annual growth rate.
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Finalytica Aug 2022 : Latest Happenings

    • Data and analytics have entered the era of the cloud with two-thirds of analytics for both development and production expected to be performed in the cloud by 2023, according to a Gartner report.
    • As per the research by MarketsandMarkets predicts that graph database software sales will grow from $1.9 billion in 2021 to $5.1 billion by 2026.
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Finalytica July 2022 : Latest Happenings

    • By 2025, Gartner predicts that over 75% of governments will operate more than half of workloads using hyperscale cloud service providers. Such providers use their significant investment capabilities to outpace competition in the drive for product innovation, security and cost-efficiency.
    • As per a report by Gartner, By 2024, at least 60% of government AI and D&A investments will directly impact real-time operational decisions and outcomes.
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Finalytica June 2022 : Latest Happenings

    • As per the Analytics India Industry Study 2022, the Analytics industry recorded a substantial increase of 34.5% on a year-on-year basis in 2022, with the market value reaching USD 61.1 billion. The overall Analytics industry is projected to reach a size of $201.0 Billion by 2027 at a CAGR of 26.9%.
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Finalytica May 2022 : Latest Happenings

    • Global market for AI in big data and IoT as a whole will reach $31.4B by 2027. Embedded AI in support of IoT-connected things will reach $7.2B globally by 2027. Overall market for AI in big data and IoT will be led by Asia Pac followed by North America.
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Finalytica April 2022 : Latest Happenings

  • As per the report by Fortune Business Insights, the global big data analytics market size stood at USD 206.95 Billion in 2020 and is projected to reach USD 549.73 Billion by 2028, exhibiting at a CAGR of 13.2% in the forecast period.
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Finalytica March 2022: Latest Happenings

  • Gartner’s ‘cloud shift’ research includes only those enterprise IT categories that can transition to cloud, within the application software, infrastructure software, business process services and system infrastructure markets. By 2025, 51% of IT spending in these four categories will have shifted from traditional solutions to the public cloud, compared to 41% in 2022.
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Outlook for 2022 & going forward – AI, ML, Fintech World

AI, ML & Data Analytics trends

  • Some interesting Technology trends which have bearing on the AI impact for AI & ML driven Data Analytics practices. This is per the latest Gartner Report on Top Technology Trends for 2022:
    • By 2025, cloud-native platforms will serve as the foundation for more than 95% of new digital initiatives, up from less than 40% in 2021
    • By 2023, more than a third of large organizations will have analysts practicing decision intelligence including decision modeling
    • By 2025, the 10% of enterprises that establish AI engineering best practices will generate at least three times more value from their AI efforts than the 90% of enterprises that do not.
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Finalytica Dec 2021: Latest Happenings in AI and Analytics

  • According to a latest Gartner report, Indian Corporates are expected to spend a total of $101.8 billion on Information technology (IT) in 2022 to support new IT projects. This marks a 7% increase in IT spending as compared to 2021, which saw India spend $95.1 billion on IT services, the report released on Wednesday said.
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Finalytica Nov 2021: Latest Happenings

  • As per the latest Forrester 2022 Predictions for Asia Pacific report, Global cloud-native adoption rose last year since Developers reported increased usage of containers (33% to 42%) & serverless (26% to 32%) at their organisation which will accelerate enterprise modernisation and implement future fit technology strategies further in Year 2022.
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Finalytica Oct 2021: Latest Happenings in AI and Analytics

  • According to 2020 market share numbers from IDC, the total worldwide business intelligence and analytics market hit $19.2 billion, growing a healthy 5.2% despite pandemic-related economic upheavals. Looking ahead, BI growth is expected to accelerate as companies focus on digital transformation and smarter ways to use data to drive the business forward.
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Finalytica Sept 2021 : Latest happenings in AI, ML & Fintech world

  • As per a news item published in Techcircle, the Indian Software-as-a-Service (SaaS) market could reach $1 trillion in value in the next nine years, Chennai-based SaaS consortium, SaaSBOOMi, in a report said. The report also said that the SaaS boom could see the creation of half a million new jobs.
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