Businesses that use big data saw a 10 percent reduction in overall cost.
2019
Source: Entrepreneur
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- 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, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
- 73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.
- 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.
- People generate 2.5 quintillion bytes of data each day.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
