Industry executives and experts share their predictions for 2019. Read them in this 11th annual VMblog.com series exclusive.
Contributed by Dr. Yu Xu, CEO, TigerGraph
Big Data Matures with Analytics, BI Visualizations and Explainable AI
The past year has been a major one for graph
databases. We have seen enterprises continue to adopt real-time big graphs, as
well as leverage big data analytics in the cloud, as I previously predicted.
More and more businesses recognize the fact that
they require modern data management solutions that are able to find patterns,
linked data, in their data. Traditional solutions, such as BI tools looking
into data lakes is just the start of the journey to pattern matching and AI.
So what's in store for 2019? Here are my top
three predictions below. Once again, I believe graph analytics will have a key
part in shaping what's to come.
Focus on
Big Data and Analytics
The coming year will bring about a new focus on
big data and analytics. This will be marked by organizations shifting away from
building massive data lakes to extracting as much value possible from them.
Both enterprises and governments will closely consider how to best leverage
their multi-million dollar investments in Hadoop data lakes to maximize true
value.
Tapping into connections within the data - such
as finding patterns or relationships between customers, suppliers, products and
locations - organizations can create new applications built on the insights.
This can include new features for machine learning and AI. Key to achieving
this is using technology like graph analytics to promote better business
outcomes. More organizations will derive value from their data to help meet the
bottom line - whether it's by increasing revenue, improving risks and
operational efficiency, informing areas such as marketing and upsell
opportunities, and much more.
BI Visualizations Tools Come Into the
Forefront
In 2019, organizations will truly begin to unleash the power of their connected
data to obtain deeper business insight. The bar will become lower for
professionals to conduct business analytics over their big data, made possible
by growing adoption and advancement of graph BI visualization tools like
Tableau.
These new graph BI visualization tools allow users to ask complex questions
visually via clicks, drag and drops in a browser. The result is being able to
more easily gain insight into areas such as how a group of entities are
connected, how many users communities exist, who influential users are, etc.
All these questions center on discovery, exploration and clustering, and cannot
be expressed using BI tools on tabular data, but can be easily asked visually
via a graph BI tool.
The End of Black Box AI
We will also see the birth of Explainable AI -
AI whose actions can be easily understood by humans. More and more enterprise
and government organizations are demanding visibility into how AI applications
arrive at their answers. Explainable AI is the key to achieving this, by
logically explaining how bias and decisions are achieved.
Explainable AI requires features with
well-defined business logic that influence the outcomes - this is where
graph-based analytics will become a first class citizen of the AI and analytics
mashup in 2019. The ability to understand hubs of influence - whether it's from
customers, professionals, bloggers and more - and the community around those
hubs is becoming a key differentiator and driver for most businesses. It will
surely continue as explainable AI progresses.
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About the
Author
Dr. Yu Xu is the founder and CEO of TigerGraph, the
world's first native parallel graph database. Dr. Xu received his Ph.D in
Computer Science and Engineering from the University of California San Diego.
He is an expert in big data and parallel database systems and has 26 patents in
parallel data management and optimization. Prior to founding TigerGraph, Dr. Xu
worked on Twitter's data infrastructure for massive data analytics. Before
that, he worked as Teradata's Hadoop architect where he led the company's big
data initiatives.