62 percent of retail businesses see competitive advantages from information and analytics.

2018

• The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
• Businesses that use big data saw a 10 percent reduction in overall cost.
• 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.
• Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
• 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.
• 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
• The big data industry will be worth an estimated $77 billion by 2023.
• 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
• 55 percent of North American businesses have adopted big data analytics.
• In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.