In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
2018
Source: IDC Data Age 2025
- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
- By 2020, there will be 2.7 million job postings for data science and analytics roles.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- Data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable as a result.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.