Explore Data & Analytics Statistics
- 36 percent of investment professionals use web scraping to derive data.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- The big data industry will be worth an estimated $77 billion by 2023.
- 61 percent of businesses that recognize the effect of data and analytics on their core business practices say their companies either have not responded to these changes or have taken only ad hoc actions rather than developing a comprehensive, long-term strategy for analytics.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- 29 percent of investment professionals use search trends 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.
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- 95 percent of businesses need to manage unstructured data.
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