If you take Big Data, we are going to see a lot of changes, especially in the next 5 years. This is because we are getting a lot of data, more than any time since the formation of the earth. The gathering of data has been supported by the innovation and continuous growth of the Internet of Things (IoT). The generation of data from Laptops, smartphones, sensors on machines is enormous with the potential to analyze to understanding potential and loyal consumers of offerings.
However, the major challenges for the companies lie in the collection of the information along with the privacy of the data. The privacy was emphasized by the fact that the Cambridge Analytica & Facebook scandal that rocked governments around the world.
The fact that 7 out 10 companies do not embrace the concept of Big Data and Data Analytics, they will become irrelevant and uncompetitive in the market. However, Big Data and Data Analytics need huge investments which the SMEs are struggling to find the funds to invest. The technology of Machine Learning, Deep Learning coupled with Predictive Artificial Intelligence is catching up to the technology of Blockchain.
To know more about it Check at official medium blog - How will Blockchain & Predictive Learning AI help in Data Privacy & Analytics?
