In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
2019The Hill
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- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- 21 percent of investment professionals use web traffic to derive data.
- By 2020, there will be 2.7 million job postings for data science and analytics roles.
- By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
- By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
- 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.
- The number of IT professionals using descriptive and predictive analytics grew from the mid-40th percentile to high 60th percentile between January 2018 and January 2019.
- People generate 2.5 quintillion bytes of data each day.
- Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.
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