More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
2018
Source: Forbes
- Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.
- 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
- 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.
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
- People generate 2.5 quintillion bytes of data each day.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- By 2025, more than a quarter of all data created will be real-time, with 95% of that data generated by the Internet of Things.
- 95 percent of businesses need to manage unstructured data.
- The big data industry will be worth an estimated $77 billion by 2023.
