36 percent of investment professionals use web scraping to derive data.
2019
Source: The Hill
- Data warehouse optimization is considered the most important big data analytics use case, and is considered critical or very important by 70 percent of businesses.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- 29 percent of investment professionals use expert networks to derive data.
- 45 percent of companies run at least some big data workloads in the cloud.
- Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
- 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- Data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable as a result.
- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
