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
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- 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.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- 53 percent of companies are adopting big data analytics
- 21 percent of investment professionals use web traffic to derive data.
- 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.
- 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.
- By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
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