In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
2018IDC Data Age 2025
Explore Data & Analytics Statistics
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- 14 percent of investment professionals use credit card and POS software data to derive data.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- 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 industry will be worth an estimated $77 billion by 2023.
Check Out Data & Analytics Tools
Recent Blogs on Data & Analytics
- Overcoming common Enterprise Data Governance challenges
- How to Build a Data Strategy Roadmap
- Implementing Power BI Report Usage Metrics
- Part 1: How the Snowflake Cloud Data Platform transforms organization?
- Exploring DEV / TEST / PROD Environments in Power BI
- Why choose Snowflake Cloud Data Platform?
- Snowflake ELT vs. ETL
- Data Solutions that Improve Risk Management for Banks
- Managing the Organizational Dynamics
- The Value of Data Management