In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
2019The Hill
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- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- Businesses that use big data saw a 10 percent reduction in overall cost.
- By 2020, there will be 2.7 million job postings for data science and analytics roles.
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- 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.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
- 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
- The education vertical currently has the lowest adoption of big data among vertical industries, but educators are most likely to say they may use big data in the future.
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