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
- 73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
- 29 percent of investment professionals use search trends to derive data.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- 14 percent of investment professionals use credit card and POS software data to derive data.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- 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.
