Gartner says that, by 2021, the prevalence of capital analysts evaluating organizations' information portfolios during business analysis will encourage formal internal considerations and auditing practices. Analysts will discuss these and other trends during the Gartner Data & Analytics 2017 Conference in Brazil, taking place on June 20 and 21 (Tuesday and Wednesday) at the Sheraton São Paulo WTC Hotel in the city of São Paulo.
"Anyone who wants to properly value a company in today's increasingly digital world must look at its data and analytics capabilities, including the volume, variety and quality of information assets," said Douglas Laney, vice president and Emeritus analyst at Gartner.
In a report containing several predictions about the growing importance of data and analytics, analysts at Gartner say that while information possibly meets the formal criteria of a business asset, current accounting practices prevent companies from capitalizing on it. That is, the value of an organization's information often cannot be found on the balance sheet.
"Even in the midst of the information age, this is not always appreciated by those in the valuation business," explains Gartner's Vice President and Analyst Emeritus. of corporate investment analysis, including equity analysts, will be led to consider a company's wealth of information when properly evaluating its business."
Gartner study, which will be presented at the Data & Analytics Conference, points out how companies that demonstrate "enlightened" behavior, such as hiring a Chief Data Officer (CDO), forming data science teams and engaging in corporate information governance, present a relationship between market value and book value well above the market average.
As will be shown during the Data & Analytics Conference, Gartner believes that, initially, equity analysts and institutional investors will only consider a company's technical data and analytics capability, as well as how the business model provides a platform to capture and optimize information – not the actual value of information assets.
Boards of directors and CEOs should not delay in hiring or appointing CDOs to begin optimizing the collection, generation, management and monetization of information assets before a critical mass of capital analysts start asking questions related to them. .
According to Gartner, by 2019, 250,000 patent applications including algorithms will be filed, a tenfold increase compared to five years ago. These patents can be granted in the US, the European Union and many other countries. Not all algorithms can be patented, but many can, even if the application rules are not always straightforward.
According to a worldwide survey, around 17,000 patents filed in 2015 mentioned "algorithm" in the title or description, against 570 in 2000. Considering the applications that cite "algorithm" somewhere in the document, more than 100,000 applications were carried out in 2016, against 28,000 five years ago.
At this rate, and considering the growing interest in securing algorithmic IP, by 2020 there could be nearly half a million patent applications that mention "algorithm" and over 25,000 applications for the algorithms themselves.
Of the 40 organizations that have patented the most algorithms in the last five years, 33 are Chinese companies and universities. The only Western company in the top 10 of the list is IBM, in 10th place.
"Despite their growing importance, a lot of important algorithms for businesses are still left in the shadows. Many business leaders don't care much as long as they work. However, algorithms can make a big difference. huge. To name just a few: Google's PageRank algorithm, mp3, blockchain and deep learning backpropagation", adds Laney.
Gartner recommends that data and analytics leaders work with business leaders and experts to adopt and develop algorithm evaluation methodologies and analyze which ones should be patented.
Gartner Data & Analytics Conference
Date: June 20 and 21, 2017 (Tuesday and Wednesday)
Location: Sheraton São Paulo WTC Hotel – Av. of the United Nations, No. 12,559
Event website: www.gartner.com/br/bi
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