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
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- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- 61 percent of businesses that recognize the effect of data and analytics on their core business practices say their companies either have not responded to these changes or have taken only ad hoc actions rather than developing a comprehensive, long-term strategy for analytics.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- 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.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
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