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
- 45 percent of companies run at least some big data workloads in the cloud.
- The big data industry will be worth an estimated $77 billion by 2023.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
- 21 percent of investment professionals use web traffic to derive data.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- 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.
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
