29 percent of investment professionals use expert networks to derive data.
2019
Source: The Hill
- Businesses that use big data saw a profit increase of 8–10 percent.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- 53 percent of companies are adopting big data analytics
- The big data industry will be worth an estimated $77 billion by 2023.
- People generate 2.5 quintillion bytes of data each day.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
- Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
- 55 percent of North American businesses have adopted big data analytics.
