Businesses that use big data saw a profit increase of 8–10 percent.
2019
Source: Entrepreneur
- Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- 90 percent of IT professionals plan to increase spending on BI tools.
- 21 percent of investment professionals use web traffic to derive data.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- 73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.
