83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
2018
Source: Forbes
- 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.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- By 2025, IDC predicts that the total amount of digital data created worldwide will rise to 163 zettabytes, ballooned by the growing number of devices and sensors
- 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.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- 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 profit increase of 8–10 percent.
