People generate 2.5 quintillion bytes of data each day.
2016
Source: IBM
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- 14 percent of investment professionals use credit card and POS software data 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.
- 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.
- 29 percent of investment professionals use search trends to derive data.
- 29 percent of investment professionals use expert networks to derive data.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- 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.
- 55 percent of North American businesses have adopted big data analytics.
