The Augmented analytics market is projected to grow at a CAGR of X.XX% to reach US$XX.XX billion in 2024 from US$XX.XX billion in 2018. Augmented analytics refers to the process of using machine learning and natural language processing to get a better understanding of data by analyzing data programmed through these processes. Augmented analytics is used as a leading-edge business intelligence tool that analyses data through comprehensive algorithms to provide business insights through artificial intelligence and machine learning, it processes data at a much faster rate with unbiased and accurate results. The augmented analytics market has been segmented on the basis of component, industry verticals, and geography. Under the augmented analytics’ component segment there are two sub-segments in the form of software and services, in the services sub-segment of the report the services included for augmented analytics are training, consultation, deployment, integration, support, and maintenance. Geographically the North America region is assessed to hold a significant share of the market due to the early inclusion of automation in data management and analytics.
Increase in the volume of multifaceted business data
Emerging implementation of evolved business intelligence and analytics tools
Lack of skilled workforce
Security concerns regarding sensitive data being leaked
In September 2018, IBM launched IBM Cognos Analytics 11.1, an AI analytics tool to perform advanced analytics, provide business insights as well as data prep and modeling to guide and assist data scientists, business analysts or a non-specialist.
Major industry players profiled as part of
the report are SAP Analytics Cloud, IBM, Salesforce.com, Inc., MicroStrategy
Incorporated., SAS Institute Inc., Tableau Software., Oracle Corporation, QlikTech
International AB, Microsoft, Sisense Inc.
The Augmented analytics market has been analyzed through the following segments:
By Industry Verticals
Banking and Financial Services
Middle East and Africa