70 percent of investment professionals use “alternative data” or plan to do so in the next year.
2019
Source: The Hill
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- 53 percent of companies are adopting big data analytics
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- 98 percent of sales representatives at construction companies that adopt analytics and geographic data reported dramatic decreases in their time frame for providing price quotes.
- 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.
- By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
