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Cybersecurity and data scientist shortfall are trends shaping business in 2016

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Man/machine partnerships are getting stronger – The era of smart machines is upon us as analysts project that businesses will spend more than $60 billion on cognitive solutions by 2025. However, leading businesses will use humans to add value to these smart machines. Some human talent will have to build and implement cognitive technologies, while others will ensure that those technologies are performing well, and still others will complement computers in roles machines cannot perform well such as those involving high levels of creativity or empathy.    

  • The Internet of Things, and people, too – The Internet of Things (IoT) is rapidly evolving from the realm of interesting gadgets to include tracking people as "things" to form new business models and influence people's behaviors. This innovation is taking place in both consumer-focused and business-to-business industries and it has significant implications for business models and industry. 
  • Triumph of the scientists – In the 2000s, it was called the triumph of the nerds. In the 2010s it may be the triumph of the scientists. Deloitte Analytics sees a significant shift in how scientists are utilized within companies, and an increasing number of them are leading companies. This trend is poised to reshape the competitive landscape and the way managers work.
  • The rise of the insight-driven organization: Analytics expands across the enterprise – Business leaders are beginning to take serious steps towards the insight-driven organization, which goes beyond the selective use of insights to fuel decision-making in individual parts of the business. It deploys a tightly knitted combination of strategy, people, processes and data to drive competitive advantage and improved operations.

"Leading companies are embracing the need to embed analytics as a core capability and are working to get ahead of these trends," said Forrest Danson, Deloitte US Analytics leader. "By using analytics to deliver insights at the point of action every day, insight-driven organizations can achieve a deeper understanding of complex issues, make more meaningful decisions, and create more value."

 

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