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 a survey of approximately 700 business professionals, only 15% said their organization is currently very effective in delivering a relevant and reliable customer experience. In the same survey, only 3% of respondents said they are able to act on all of the customer data they collect; 21% say they can act on very little of it.
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
- 45 percent of companies run at least some big data workloads in the cloud.
- 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, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- 90 percent of IT professionals plan to increase spending on BI tools.
- The big data industry will be worth an estimated $77 billion by 2023.