79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
2018
Source: Forbes
- 21 percent of investment professionals use web traffic to derive data.
- The number of IT professionals using descriptive and predictive analytics grew from the mid-40th percentile to high 60th percentile between January 2018 and January 2019.
- Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
- The big data industry will be worth an estimated $77 billion by 2023.
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- 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.
- The education vertical currently has the lowest adoption of big data among vertical industries, but educators are most likely to say they may use big data in the future.
- 55 percent of North American businesses have adopted big data analytics.
- 90 percent of IT professionals plan to increase spending on BI tools.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
