ReleaseWire Connect

Big data analytics in banking and financial services is a market that has huge growth potential. Already, data analytics are being used by banking institutions to monitor and assess high volumes of customer data so as to be able to improve services and strengthen customer relationships. This includes the personalization and customization element of banking that is becoming so vital and, which simply wouldn't be possible without big data analytics as a tool. These analytics provide a broad spectrum of insights to businesses in the banking sector, including gaining a deeper understanding of customer behaviors based on investment patterns, shopping trends, personal financial background as well as how motivated individuals are to invest. Rapid tech developments in this sector over recent years have made big data analytics even more central to business operations and provided many more opportunities for those in data analytics jobs thanks to high adoption rates and continuing market growth.

The Network-as-a-Service (NaaS) market is booming worldwide and forecast to continue expanding thanks to ongoing enterprise solutions growth. In fact, by 2030, the market is expected to be worth $42.6 billion - it was valued at just over $10 billion in 2021. This huge boom is being driven by many different factors, from an increase in cloud adoption in the wake of the pandemic through to the rapid growth in IoT technologies. A spike in the demand for enterprise solutions is also contributing to the positive way in which this market is set to evolve in the coming years. With many of the biggest names in tech - including Google and Verizon - investing heavily in enterprise solutions arms for their business it's clear that this is seen as a sector with huge growth potential. North America is already dominating this market and likely to continue to do so as it expands.

Global Tech is the fastest growing team at the retail giant Walmart, and expanding even further in 2022 thanks to a recruitment drive across the whole company. Walmart is currently hiring 5,000 new team members, with much of this human firepower to be directed at enterprise solutions expansion. Walmart has a history of working with innovative tech and has now firmly established itself as a world-class enterprise service organization providing solutions to more than 2.3 million Walmart and Sam's Club associates. The recruitment drive taking place throughout 2022 is focused on this key area of expansion at Walmart. In particular, the retailer is looking to fill positions such as data scientists, software engineers, technical program managers and project managers, as well as cyber security professionals. Walmart is expanding geographically too, and planning to make Atlanta and Toronto the new locations for its increasingly vital tech hubs, with thousands of new jobs created in each.

Every year the FinTech Innovation Lab New York provides emerging companies with the opportunity to collaborate with top financial services and venture capital executives. The 12-week program was established by Accenture and the Partnership Fund for New York City and is designed specifically for early and growth-stage enterprises that would benefit from support with respect to product and business development. This year's participants come from more than 200 global applications and represent emerging tech companies focused on some of the industry's most pressing issues today. From transparency around cryptocurrencies to meeting ESG outcomes and security and compliance challenges, these up-and-coming enterprises are pioneering where some of the biggest unknowns exist. Evercity, for example, is a blockchain-based sustainability measurement and investment platform while Mark Labs helps asset managers define impact metrics. Many of the tech companies taking part in NY Innovation Lab are data-driven, including Draivn, which collects device data from fleets and converts it into real time analytics for insurers and brokers.

Digital capabilities are being pushed further up the agenda for organizations across industries, as the global recovery continues. From driving innovation to uncovering key marginal gains, digitization has a lot to contribute to progress, especially in a sector like manufacturing. Data analytics is potentially especially valuable but there are few organizations that are really optimizing the opportunities that exist in data and advanced analytics. These range from simplifying supply chain relationships to streamlining costs. Manufacturers today are beginning to realize the value of data analytics when it comes to designing the factories of the future. While most would acknowledge that they lack data fluency, there is also a clear and pressing need to start adapting environments so that data can have a real, tangible impact on the production line. With the right tools and the right support factories of the future can be leaner, more productive and better-resourced thanks to the impact that data analytics can potentially have.

Atlanta, Georgia is to be the location of a new enterprise solutions hub for the biotech company Moderna. The business has revealed that the new hub will be similar to the one that it opened in Poland in 2021 and will deliver a number of different functions, including finance, procurement, human resources and digital. Over the next couple of years, the US-based premises will employ up to 200 people and is part of Moderna's overall goal to establish itself with centralized enterprise solutions hubs worldwide. The Atlanta location is due to open in the second quarter of 2022 and is a firm indication of how important ongoing expansion is at Moderna. The company experienced a year of incredible growth last year and the need to support its biotech talent with robust business service activities has been underscored by its expansion - it's likely that this will be just the first step towards further growth at Moderna.

It's not breaking news to say that the market for cloud infrastructure is still growing at a very impressive rate. Even as the market starts to mature, the likes of Amazon, Google and Microsoft are seeing incredible increases in revenue, especially given the impact of mass remote working over the past year. Google and Microsoft are growing at around 40% a quarter, while Amazon is just under that. Overall, the market has seen a huge increase in just a single year with a spike of $50 billion in business in just 12 months. Despite an overall increase in the market, the big three players have retained a fairly similar market share over the past year. Amazon remains the largest player with a 33% share, while Microsoft has 21% and Google has 10%. This market share isn't forecast to change that much, even though the cloud infrastructure market will continue to grow at a significant pace.

Advanced analytics is a fast-expanding market and one that continues to accelerate as more and more companies start to buy into the use of greater analytics and AI solutions. Forecasts indicate that the market is set to grow from $33.8 billion in 2021 to $89.8 billion by 2026. That represents a Compound Annual Growth Rate of 21.6%. Some of the factors behind the significant increase in the size of the data analytics market include the increasing use of AI and ML technologies to generate real-time customer insights. The impact of the pandemic has been substantial in terms of driving companies to start using this technology, with the goal of creating more effective strategies to achieve goals such as greater engagement via digital channels, as well as supporting employees through ongoing disruption and managing challenging moments in supply chains. As more organizations reap the benefits of advanced analytics, the global market will continue to grow.

The past two years saw a rapid increase in the pace of tech adoption across many sectors, with large numbers of organizations adapting strategies to keep up with change imposed by the pandemic. This created something of a seismic shift in the skills market, especially with respect to upskilling and reskilling to help cope with an increase in tech integration. In 2022, the demand for data analytics skills is forecast to increase significantly, as this initial wave of upgrading goes to another level.

The deployment of the cloud in the healthcare sector has been a key driver in infrastructure market growth. That's according to new research that estimates the healthcare cloud computing market will reach $70 billion by 2028. In 2020, the market was worth $28.5 billion so the figures show a significant shift.