70 percent of investment professionals use “alternative data” or plan to do so in the next year.
2019
Source: The Hill
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- 53 percent of companies are adopting big data analytics
- By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
- 29 percent of investment professionals use expert networks to derive data.
- 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
- 61 percent of businesses that recognize the effect of data and analytics on their core business practices say their companies either have not responded to these changes or have taken only ad hoc actions rather than developing a comprehensive, long-term strategy for analytics.
- Insights-driven businesses are growing at an average of more than 30% each year, and by 2021, they are predicted to take $1.8 trillion annually from their less-informed peers.
- By 2020, there will be 2.7 million job postings for data science and analytics roles.
