In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
2019
Source: The Hill
- 90 percent of IT professionals plan to increase spending on BI tools.
- Businesses that use big data saw a 10 percent reduction in overall cost.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- 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.
- By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
- 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
- Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
- 55 percent of North American businesses have adopted big data analytics.
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.
