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Explore Data & Analytics Statistics
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
- Businesses that use big data saw a 10 percent reduction in overall cost.
- People generate 2.5 quintillion bytes of data each day.
- The big data industry will be worth an estimated $77 billion by 2023.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
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