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Business and data analytics ranks No. 1 among the top technologies that organizations are investing in for 2017, based on the Computer Economics Technology Trends 2017 report.
The study polled 248 IT organizations on their experience with 12 leading technologies and ranked them based on their adoption rates and investment rates. This year, software as a service (SaaS) was one of the most mature technologies in the study, combining adoption rates and investment, but business and data analytics is the fastest growing, according to Figure 1 from the full study, Technology Trends 2017.
“Big data cooled off a bit for a year or two as people revaluated how to do it affordably,” said David Wagner, vice president for research at Computer Economics, an IT research firm based in Irvine, Calif. “Trendy names like ‘small data’ and ‘right-sized data’ became the rage. But advances in artificial intelligence, machine learning, automation, and also the growing Internet of things make it impossible to ignore data.”
Mobile applications and the previously mentioned software as a service also received high scores for investment. Both feature prominently in the core functions of modern organizations.
Our IT maturity analysis compares the technologies along two parameters: the current investment rate and the current adoption rate. This provides an assessment of how widely each technology is deployed, along with an assessment of how many organizations are currently investing in the technology. Taken together, these factors provide insight into how mature a technology is relative to other technologies in our study.
The chart is divided into nine sectors, representing low, moderate, and high current investment rates, and low, moderate, and high current adoption rates. Each of the initiatives falls into one of the nine sectors as follows:
The full study is designed to give business leaders insight into the staying power of 12 technology initiatives that are currently top of mind for many companies. It provides a glimpse into how quickly an emerging technology is being adopted, how deeply more-established technologies are penetrating the market, and how positive the customer experience is with each technology.
The study also delves into the specific types of solutions under consideration. By understanding the adoption trends, investment activity, and customer experience, business leaders are in a better position to assess the potential risks and rewards of investing in each of these technology initiatives. They also can gain insight into just how aggressively competitors and peers are investing in these initiatives. Sample pages are available for free download.
This Research Byte is a brief overview of our study, Technology Trends 2017. The full report is available at no charge for Computer Economics clients, or it may be purchased by non-clients directly from our website (click for pricing).
Questions about this research? Contact the Analyst.