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Augmented Analytics Market Anticipated for Progressive CAGR Growth During 2018-2025

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Adroit Market Research has announced the addition of the “Augmented Analytics Market” report to their offering.
Adroit Market Research
Augmented Analytics:
The Next Disruption in Analytics and BI
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Adroit Market Research
Augmented Analytics Market Analysis & Industry Research Report 20182025
Analyst Commentary:
• By 2025, augmented analytics will have a far-reaching impact, especially on the US economy. The country will witness a
shortage of more than 200,000 data scientists. This shortage along with the higher hiring cost will demand for the use of
citizen data science. It will permit businessman to leverage data without having earlier experience or expertise. “Through
2020, the number of citizen data scientists will grow five times faster than the number of expert data scientists.
Organizations can use citizen data scientists to fill the data science and machine learning talent gap caused by the shortage
and high cost of data scientists,” said an official from renowned organization.
• Furthermore, studies anticipate that in the coming next two years, almost 40% of the tasks that are currently based on
data science will get automated. This will surge the application of augmented analytics in software segment. Among all
other applications, software segment will dominate and grow fastest by 2025. It held the highest share in 2017, accounting
3/5th of the share out of total revenue and is expected to continue its dominance in the forthcoming years. Service
segment is anticipated to grow at the fastest CAGR of more than 30% through 2025 owing to aggrandized demand for
planning, maintenance, training and support services and personnel associated with augmented analytics.
• The on premise deployment segment accounted the largest share in 2017, holding a value of three-fifths of the total
market revenue. However, the cloud segment is anticipated to grow at the fastest pace with CAGR of 31.4% during the
forecast period. Due to higher preference coming from small and medium organizations due to the direct IT control, low
capital cost & maintenance, faster data processing, improved internal data delivery & handling and efficient resource
utilization.
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Adroit Market Research
Augmented Analytics Market Analysis & Industry Research Report 20182025
Report Description:
• The amount of data generated now-a-days is endless, data analysis has become an imperative component of business
advancement. To be on the side of competitive advantage, businesses requires to remain updated with the up gradation of
business analytics. In 2017, the expression “smart data discovery” emerged and at present it is dominant as differentiator
crosswise over various businesses. To get a clear overview and understanding over the topic, most organizations are
currently focusing on creation of models and bring together comprehensive information for streamlining it and tasks
automation. This has opened gates of immense opportunity for the skilled data scientists, widely in the market. Most of
these data scientists opt for Augmented Analytics as it repetitively develop the data into more useful information like
interpreting data, assembling data and building models, and operationalizing and disseminating the data findings.
• Augmented Analytics uses natural language processing and machine learning to automate data analysis and representing
the insights. This has facilitated non-technical users to automate key aspects of their data analytics by amalgamating
artificial intelligence (AI) with business intelligence (BI). First, data scientists and technical analysts are freed from basic
reports and running routine. This has empowered them handle complex data science projects and queries. Second, similar
to interacting with Siri and google, non-technical users have augmented analytics solutions by asking questions and getting
answers instantly. Thereby, drastic reduction in reporting time and accelerating performance and strategy.
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Adroit Market Research
Augmented Analytics Market Analysis & Industry Research Report 20182025
• The technology has major benefits for marketers and non-technical users as all their daily operations are transformed with
help of augmented analytics. Brand managers, chief marketing officers and other employees rely on an analytics team for
data analysis and reporting. Beginning with one-off questions to profound research and planning, all these users depend
on third parties and outsourcing which is costly and inefficient. Augmented solutions have transferred the power back to
the marketing users. As explained in "CPG Analytics: The Definitive Guide," "From opportunity analysis to churn analytics
to attribution studies and even customer journey mapping, new advancements in business intelligence make it so that you
can make quick and effective decisions."
• Business enterprises have adopted AA to drive technological disruption. Chevron Corp. is an early adopter of Google’s
AutoML technology. The technology was designed to aid users who lack of machine learning expertise to create and
analytical models. Chevron’s seismic imaging and processing team implemented alpha version of AutoML Vision image
analysis tool to see through internal documents to evolve new opportunities for oil drilling. To segregate documents that
have spatial information related to prospective oil locations in the Gulf of Mexico, the Chevron team started a search on
geologic map to emphasize documents that contains embedded map images. The next step is to run an analytic model
built on AutoML Vision which was created in a way that identify 60 plus geologic labels on the map images.
• Browse the complete report on @ https://www.adroitmarketresearch.com/industryreports/augmented-analytics-market
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Adroit Market Research
Augmented Analytics Market Analysis & Industry Research Report 20182025
• Due to the propelling benefits of augmented analytics, industry verticals are highly adopting the technology. BFSI
accounted largest market share in 2017, predicted to be near one-fourth share of the total revenue. This segment is
expected to be dominant up to 2025, owing to increasing demand for augmented analytics in the sector to leverage the
power of AI to increase revenue, reduce costs and comply with regulations. However, healthcare and life sciences will
grow faster due to surge in demand for generating insights for healthcare scientist & researchers, hospital managers,
optimized care services and pharmaceutical experts to boost drug discovery, analyze patient turnover data and reduce
time to market lifesaving drugs.
• The application of augmented analytics has surged with the increasing market player’s participation. The leading market
players include Tableau Insights, IBM Corporation, Qlik, Tibco Software, SAP SE, SAS Institute, Microsoft Corporation,
Salesforce.com, Inc., Sisense Inc. and ThoughtSpot, Inc. These companies have uplifted the competition among themselves
by implementing different strategies including partnerships, joint ventures, expansions, mergers & acquisitions,
collaborations to gain a stronghold in the market.
• Purchase a single user copy of the global augmented analytics market [email protected]
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Adroit Market Research is an India-based business analytics and consulting company. Our
target audience is a wide range of corporations, manufacturing companies, product/technology
development institutions and industry associations that require understanding of a market’s
size, key trends, participants and future outlook of an industry. We intend to become our
clients’ knowledge partner and provide them with valuable market insights to help create
opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At
our core, we are curious people who love to identify and understand industry patterns, create
an insightful study around our findings and churn out money-making roadmaps. Our analysts
have tracked high growth markets in chemicals & materials, healthcare & pharmaceuticals,
semiconductor & electronics, energy & power, food & retail, consumer goods, technology, and
machinery & equipment sectors across the world to identify new opportunities, potential
customers, prepare go-to-market (GTM) strategies, identify segments for revenue growth for
companies, and many more.
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