As companies progress on their digital transformation journeys, technology becomes a strategic business decision. In this realm, consulting firms such as Gartner exert tremendous influence on technology purchasing decisions. The ability of these firms to predict the movement of market players will provide vendors with competitive benefits.
We will explore how, with the use of publicly available data sources, IT industry trends can be mimicked and predicted.
Big Data enthusiasts learned quickly that there are caveats to making Big Data useful:
- Data source availability
- Producing meaningful insights from publicly available sources
Working with large data sets that are frequently changing can become expensive and frustrating. The learning curve is steep and discovery process long. Challenges range from selection of efficient tools to parse unstructured data, to development of a vision for interpreting and utilizing the data for competitive advantages.
We will describe how the archive of billions of web pages, captured monthly since 2008 and available for free analysis on AWS, can be used to mimic and predict trends reflected in industry-standard consulting reports.
There could be potential opportunity in this process to apply machine learning to tune the models and to self-learn so they can optimize automatically. There are over 70 topic area reports that Gartner publishes. Having an automated tool that can analyze across all of those topic areas to help us quickly understand major trends across today’s landscape and plan for those to come would be invaluable to many organizations.