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
- Data warehouse optimization is considered the most important big data analytics use case, and is considered critical or very important by 70 percent of businesses.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- 36 percent of investment professionals use web scraping to derive data.
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
- By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
- 29 percent of investment professionals use search trends to derive data.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- 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.
- The big data industry will be worth an estimated $77 billion by 2023.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
