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.
2018
Source: Towards Data Science
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- Only 7% of marketers surveyed report that they are currently effectively able to deliver real-time, data-driven marketing engagements across both physical and digital touchpoints.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- 62 percent of retail businesses see competitive advantages from information and analytics.
- Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
- 36 percent of investment professionals use web scraping to derive data.
- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- Businesses that use big data saw a 10 percent reduction in overall cost.
- 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
