As analytics continue to grow in importance and impact within high-performing businesses, successful organizations must balance speed, automation, and human-involvement as they implement analytics solutions into their business processes. This view is among nine Analytics Predictions for 2014, issued by the International Institute for Analytics (IIA), the leading independent research firm focused exclusively on guiding its clients to leverage the power of analytics.

The predictions were unveiled during IIA’s 2014 Analytics Predictions Webinar, led by IIA Research Director and Co-Founder Thomas H. Davenport, VP of Research Sarah Gates, Lead Faculty Robert Morison, and faculty members Bill Franks, Sanjeev Kumar, Greta Roberts, and Omer Sohail.

Along with their predictions, this distinguished group of analytics experts shared their views on the last 12 months of developments in analytics, and the emergence of the Era of Analytics 3.0 and the Chief Analytics Officer.

“The speed with which companies are adopting analytics practices is unprecedented, and only getting faster,” said Jack Phillips, CEO and Co-Founder of IIA.

As organizations look to keep up with the competition and pursue analytics to gain competitive advantage, it’s essential to know where to focus your time and resources.

It?s our mission at IIA to guide business leaders toward success in an economy increasingly driven by data, and these predictions give companies a view of the issues and trends they will likely face in 2014.?

The 2014 Predictions:
For the third year, a panel of IIA faculty and leaders reviewed an extensive list of trends, and identified the ones most likely to come into prominence in the analytics industry in the coming year. The nine predictions for 2014 are: […]