Petabyte

The data measurement unit equals to 1,024 terabytes or 1 million gigabytes is known as petabyte.

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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.
In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
98 percent of sales representatives at construction companies that adopt analytics and geographic data reported dramatic decreases in their time frame for providing price quotes.
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.
Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.
50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
By 2020, there will be 2.7 million job postings for data science and analytics roles.

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