Businesses that use big data saw a 10 percent reduction in overall cost.
2019
Source: Entrepreneur
- 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.
- By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
- 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.
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
- 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.
- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- 14 percent of investment professionals use credit card and POS software data to derive data.
- In a survey of approximately 700 business professionals, only 15% said their organization is currently very effective in delivering a relevant and reliable customer experience. In the same survey, only 3% of respondents said they are able to act on all of the customer data they collect; 21% say they can act on very little of it.
