Businesses that use big data saw a 10 percent reduction in overall cost.
2019
Source: Entrepreneur
- The big data industry will be worth an estimated $77 billion by 2023.
- 73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- Businesses that use big data saw a profit increase of 8–10 percent.
- 36 percent of investment professionals use web scraping to derive data.
- By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
- 21 percent of investment professionals use web traffic to derive data.
- 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
