By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
2018IDC Data Age 2025
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- Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- 95 percent of businesses need to manage unstructured data.
- 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
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
- 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.
- Businesses that use big data saw a profit increase of 8–10 percent.
- 29 percent of investment professionals use expert networks to derive data.
- The big data industry will be worth an estimated $77 billion by 2023.
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