Gartner Sees Analytics Boom as More Data is Shared

Advanced analytics techniques like data and text mining, machine learning and visualization are poised to shake up entire industries as more enterprises leverage proprietary algorithms along with emerging platforms to securely share more data, a market watcher predicts. In a forecast released Thursday (Jan. 28), Gartner Inc. predicted the red-hot advanced analytics market will grow 14 percent this year to $1.5 billion. By 2018, it predicts more than half of large global enterprises will leverage analytics and proprietary algorithms on secure platforms. The market watcher also sees a growing list of retail, financial and even professional sports applications as practitioners struggling to come up with big data strategies finally begin reaping a return on their investment. “With fewer regulated monopolies and the Internet eliminating geographical boundaries, more companies are starting…

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