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
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- The big data industry will be worth an estimated $77 billion by 2023.
- 29 percent of investment professionals use expert networks to derive data.
- 55 percent of North American businesses have adopted big data analytics.
- Businesses that use big data saw a profit increase of 8β10 percent.
- 29 percent of investment professionals use search trends to derive data.
- 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.
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- In a survey of approximately 700 business professionals, only 15% said their organization is currently very effective in delivering a relevant and reliable customer experience. In the same survey, only 3% of respondents said they are able to act on all of the customer data they collect; 21% say they can act on very little of it.
