Gartner Says 70% of Organizations Will Shift Their Focus From Big to Small and Wide Data By 2025
It says that disruptions like the COVID-19 pandemic are causing historic data to quickly become obsolete which is breaking many product AI & ML models. It goes on to add that decision making at the moment is overly reliant on data-hungry deep learning approaches.
The small data approach is about the application of analytical techniques that require less data but still offer useful insights.
The wide data approach, on the other hand, enables the analysis and synergy of a variety of small and large, unstructured and structured data sources.
The new analytics techniques of small & wide data, says Gartner, will allow more robust analytics, either by reducing the required volume or by extracting more value from unstructured, diverse data sources.
What’s your opinion on this emerging analytics trend of 2021?