Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
2017
Source: Forbes
- 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 the world’s data was created between 2015 and 2016 alone.
- 36 percent of investment professionals use web scraping to derive data.
- 61 percent of businesses that recognize the effect of data and analytics on their core business practices say their companies either have not responded to these changes or have taken only ad hoc actions rather than developing a comprehensive, long-term strategy for analytics.
- The big data industry will be worth an estimated $77 billion by 2023.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- Data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable as a result.
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
