By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
2018
Source: IDC Data Age 2025
- 62 percent of retail businesses see competitive advantages from information and analytics.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.
- 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.
- 45 percent of companies run at least some big data workloads in the cloud.
- 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.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- 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.
- Only 7% of marketers surveyed report that they are currently effectively able to deliver real-time, data-driven marketing engagements across both physical and digital touchpoints.
