People generate 2.5 quintillion bytes of data each day.
2016
Source: IBM
- 90 percent of IT professionals plan to increase spending on BI tools.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- Data warehouse optimization is considered the most important big data analytics use case, and is considered critical or very important by 70 percent of businesses.
- 95 percent of businesses need to manage unstructured data.
- 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.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
