40 percent of businesses say they need to manage unstructured data on a frequent basis.
2019
Source: Forbes
- By 2025, more than a quarter of all data created will be real-time, with 95% of that data generated by the Internet of Things.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
- 29 percent of investment professionals use expert networks to derive data.
