Businesses that use big data saw a 10 percent reduction in overall cost.
2019
Source: Entrepreneur
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
- 55 percent of North American businesses have adopted big data analytics.
- The big data industry will be worth an estimated $77 billion by 2023.
- By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- People generate 2.5 quintillion bytes of data each day.