In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
2019The Hill
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- 36 percent of investment professionals use web scraping to derive data.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- People generate 2.5 quintillion bytes of data each day.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- The big data industry will be worth an estimated $77 billion by 2023.
- Businesses that use big data saw a 10 percent reduction in overall cost.
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- 73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.
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