14 percent of investment professionals use credit card and POS software data to derive data.
2019
Source: The Hill
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- 45 percent of companies run at least some big data workloads in the cloud.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- Insights-driven businesses are growing at an average of more than 30% each year, and by 2021, they are predicted to take $1.8 trillion annually from their less-informed peers.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- The education vertical currently has the lowest adoption of big data among vertical industries, but educators are most likely to say they may use big data in the future.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- The number of IT professionals using descriptive and predictive analytics grew from the mid-40th percentile to high 60th percentile between January 2018 and January 2019.