Insights-driven businesses are growing at an average of more than 30% each year, and by 2021, they are predicted to take $1.8 trillion annually from their less-informed peers.
2021
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- 29 percent of investment professionals use search trends to derive data.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- 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.
- 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
- 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.
- 53 percent of companies are adopting big data analytics
- 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
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- People generate 2.5 quintillion bytes of data each day.
