2021 was a big year for Data & Analytics, with many of the top news stories connected to Data in some way. To ring in the new year and say goodbye to 2021, we wanted to round up the biggest Data Analytics trends of 2021. Let’s get started:1. We Discovered Supply Chain Disruptions and Solutions2021 has been a rough year for suppliers and consumers alike. The last half of the year has been dominated by talk of major supply chain problems. Questions around what the problem is and how can we solve it have been at the top of our minds. The problem has made its way to the consumer too. This year, Black Friday was marred by out of stock shelves. Shoppers even found fewer deals than last year thanks to the low stock. Dealing with these frustrations has led supply companies to change how they manage inventory and supplies. Many have turned to Data to help lessen their woes.With Machine Learning and AI, suppliers can predict where the risk of delay lies and respond quickly. Using Predictive Modelling and Advanced Analytics we can visualize where excesses and shortages might happen. Suppliers are moving to the Cloud and Cloud-based tools to coordinate efforts.2. Genomics’ Role in Healthcare ExpandedWith the rollout of the COVID-19 vaccine, we all suddenly found ourselves learning a whole lot about genomics. Put simply, genomics is the computer modelling of genomes and proteins. Genomics played a huge role in the development of brand new mRNA vaccines. Beyond that, it has been used to diagnose cancer and develop personalized treatments. We are getting better drugs that are developed and approved faster than ever before.What role does Data Analytics play in all of this? Well, a lot of this technology is only possible through the fast analysis and use of tons of Data. We just didn’t have the ability to handle that amount of Data before now.The original Human Genome Project was started in 2003 and took a decade to finish. Now, that same sequencing can be done in a single day thanks to next-generation genomic sequencing. 3. Data Has a Bigger Role in Our InfrastructureIn 2021, we saw an explosion of interest in the Internet of Things (IoT) and Smart Technology. Smart cities are changing the way we move around town. Everything from parking apps to streetlamps are being optimized using the IoT and Smart Technology. We are already seeing Data being used in the planning and development of cities. Digital Twins allow city planners to test out designs in a digital version of the city before a single brick is placed. With the passage of the Infrastructure Bill at the end of 2021, we can expect to see the role of Data in our infrastructure increase even more.4. Data Analytics Got PersonalIn 2021, we learned that Big Data isn’t just for Data Analytics companies. It’s now for everyone. In the past, the experts on a subject couldn’t get to the relevant Data on their own. Without specific data analysis skills, that Data was out of reach. Self-service Data Analytics seems to be the answer. With low-code/no-code and a user-friendly experience, self-service Data Analytics makes Data more accessible. With more accessible Data, companies can leverage input from more voices. The result is better decision making.We no longer view Data as just cold and lifeless numbers. Data Analytics is also being used in new ways that address our human existence. Data is starting to answer new questions about equality concerns, the pay gap, and how humans think. Our mental and physical healthcare is being improved with apps, Machine Learning, and AI. 5. We Started Running Data Analytics on BlockchainDespite what many think, blockchain isn’t just for cryptocurrency. More and more it’s being used for data analytics calculations. Data Analysts are drawn in by the high levels of documentation and security.Experts only predict this use for blockchain to grow. Nate Tsang, founder and CEO at Wall Street Zen, a stock market analytics company, told the online magazine Datamation: “This technology can enhance predictive analytics because of its inherent ability to verify data validity, preventing false information from being included in the analyses.”If you’re looking for your next role, or to build out your Data & Analytics team, Harnham can help. Take a look at our latest data jobs or get in touch with one of our expert consultants to find out more: For our West Coast Team, contact us at (415) 614 – 4999 or email sanfraninfo@harnham.com. For our Arizona Team, contact us at (602) 562 7011 or send an email to phoenixinfo@harnham.com. For our Mid-West and East Coast teams, contact us at (212) 796-6070 or email newyorkinfo@harnham.com.
Posted in Uncategorized