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
2018
Source: IDC Data Age 2025
- The number of IT professionals using descriptive and predictive analytics grew from the mid-40th percentile to high 60th percentile between January 2018 and January 2019.
- 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- 90 percent of IT professionals plan to increase spending on BI tools.
- 55 percent of North American businesses have adopted big data analytics.
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- The education vertical currently has the lowest adoption of big data among vertical industries, but educators are most likely to say they may use big data in the future.
- Businesses that use big data saw a profit increase of 8–10 percent.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
