Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
2017
Source: Forbes
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- Data warehouse optimization is considered the most important big data analytics use case, and is considered critical or very important by 70 percent of businesses.
- Insights-driven businesses are growing at an average of more than 30% each year, and by 2021, they are predicted to take $1.8 trillion annually from their less-informed peers.
- 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.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
- The big data industry will be worth an estimated $77 billion by 2023.
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.