More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments

2018

Forbes

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By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
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.
21 percent of investment professionals use web traffic to derive data.
8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
Businesses that use big data saw a profit increase of 8–10 percent.
26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
62 percent of retail businesses see competitive advantages from information and analytics.

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