Priorities look a little different this year as organizations respond to changes in the market, employment, and economy. In 2020 we learned that organizations stowing their data on-premises were in for a reality check and that governance means more than data quality. Whether you spent 2020 evaluating your IT environment to keep the lights on or sought learnings to enhance business processes, below are four trends to look forward to in 2021.
Implementing AI into your business looks a little different than any other software implementation. According to VentureBeat, 87% of data science models never make it into production.
This is because maintenance, testing, and management are necessary steps in launching enterprise data science initiatives.
In 2021, we’re going to see a continued rise in MLOps and model management. These are the essentials to ensuring your AI, ML, or Deep Learning investments are supported by effective governance, measurement processes, technologies, and more. Businesses looking to implement effective enterprise data science need to understand the maintenance involved and reinforce the steps within their culture and operations to avoid becoming one of the 87% mentioned above.
Data users are not just the ones in IT. At CCG, we see a spike in collaboration with Finance, Innovation/Product, and Marketing departments looking for data and AI services. More department leaders see the value in making decisions based on data and ensuring their teams have access to analytics to improve processes.
“In 2021, we can expect to see a push to increase data literacy skills among professionals in all industries and roles (not just the data experts). There will be a move towards educating employees at all levels on how to read, analyze, interpret, and communicate with data”. Says Kate Strachnyi, Founder of DATAcated.
Businesses looking to improve data literacy should look for ways to overcome barriers to analytics adoption across the enterprise.
As we learned via Infonomics, most companies are leveraging data as an asset, whether they know it or not. Businesses that are not harvesting the value from their data environments will be left in the dust by organizations listing it in marketplaces.
According to Bill Schmarzo, “Organizations begin to appreciate the economic value of data and analytics, digital assets that never wear out and get more valuable the more they are used.” Gartner forecasts that 35% of large organizations will be either sellers or buyers of data via formal online data marketplaces by 2022.
Various factors determine your data valuation, and your business may just be sitting on gold and not knowing it.
The gap between analytics and the cloud is becoming smaller every day. Businesses are adding data platforms, applications, and enterprise systems to the cloud for a unified experience. In part, this trend is compliments of the evolving technology, but let us also realize the current employment landscape.
The transition from onsite to remote workforces left many organizations to realize the need for governed, unified data access. Cloud strategy, however, is essential for businesses looking to migrate as complex transition plans and brief timelines can lead to processing failure.
2020 taught us to be proactive with seeking innovative technologies, leveraging data, and inspire change across the organization. Look to professionals to help gain momentum in 2021 with data and analytics strategy, data science and AI maintenance, and cloud optimization.
Written by CCG, an organization in Tampa, Florida, that helps companies become more insights-driven, solve complex challenges and accelerate growth through industry-specific data and analytics solutions.
CCG understood our project needs very well, they are very responsive and we could not ask for anything more. The solution they provided fit perfectly with our expectations and business goals.GOP Data TrustChief Data Officer
I cannot overstate the delight we experienced from the outcome of our project. I would not only recommend CCG to any company, but question why they would engage with anyone but CCG.PgiDirector of Customer Success
Working with CCG is like working with extended team members. Consultants become an integral part of the work bringing expertise for cutting edge design and development.Hillsborough County Public SchoolsChief Information and Technology Officer
CCG's team is positive and eager. They are a great big bunch of wonderful people trying to make a difference.Hillsborough County Public SchoolsDepartment Manager
I knew CCG's technical expertise and dedication to quality results would be invaluable to our project success based on our past partnerships. We could not have implemented in the short timeframe like we did without their assistance. CCG is #1 on my speed dial for successful project implementation.InCommDirector, Financial Information Systems
It was evident from the onset of negotiations through the implementation that CCG took their role in the partnership to heart and we believe it has been instrumental in our success.Interval InternationalDirector of Marketing
CCG works very hard to understand and align with our needs. It truly feels as though we are on the same team!Fortune 500 HomebuilderBI Manager
CCG came to our company in a time of much change. Their team partnered with ours, continually delivering with professionalism and efficiency. We would not be where we are today without the expertise CCG brought to the project.PSCU Financial ServicesSenior Program Manager
CCG has a good industry knowledge, we are very happy that we chose to work with CCG. They have been a great help strategically and are helping us make important decisions.Minneapolis Public SchoolsHuman Capital Coordinator
Other Vendors use the word Partnership, but CCG actually means what they say. I can’t thank them enough for their professionalism and willingness to work with us as a true Partner, not just another vendor.PODSCIO
Our CCG Consultants are total rock stars: very thorough with a solid knowledge of the financial services industry. As a bonus, they are very easy to get along with – a great fit for our team.Raymond James Financial ServicesSenior Manager of Enterprise Data
CCG's team are all amazing. Thank you, CCG, for all that you do to make us great and keep our credit unions moving forward!PSCU Financial ServicesVP Enterprise Analytics & BI
Other Vendors use the word Partnership, but CCG actually means what they say. I can’t thank them enough for their professionalism and willingness to work with us as a true Partner, not just another vendor.PODSChief Information Officer
CCG's Team is very professional and responsive. They are making our job very easy.Rollins, Inc.Senior BI Analyst
CCG did an excellent job! Their team was very flexible. They gave us everything we asked for and then some.Rooms To GoSenior BI Architect
I'm amazed at the talent at CCG, not just the skillset - they're really good people. We've already referred them once and will do so again!Ruth's Chris Hospitality GroupCIO
CCG did a great job! We're extremely impressed with what was built in a short time. CCG has delivered ahead of time and with best practices, it's been a pleasure to work with them.VologyVP of Analytics
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