By 2025, more than a quarter of all data created will be real-time, with 95% of that data generated by the Internet of Things.
2018
Source: IDC Data Age 2025
- Businesses that use big data saw a profit increase of 8–10 percent.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- 95 percent of businesses need to manage unstructured data.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- 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.
- 36 percent of investment professionals use web scraping to derive data.
- Businesses that use big data saw a 10 percent reduction in overall cost.
- 98 percent of sales representatives at construction companies that adopt analytics and geographic data reported dramatic decreases in their time frame for providing price quotes.
- 53 percent of companies are adopting big data analytics
- Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.