79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
2018
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.
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- Businesses that use big data saw a 10 percent reduction in overall cost.
- 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.
- 95 percent of businesses need to manage unstructured data.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- 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.
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
