Spatial Analysis

The analysis of spatial data i.e. topological and geographic data is known as spatial analysis. This analysis helps to identify and understand everything about a particular area or position.

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90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
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.
Businesses that use big data saw a profit increase of 8–10 percent.
The amount of data generated each second in the banking sector will grow 700 percent by 2020.
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.
By 2025, IDC predicts that the total amount of digital data created worldwide will rise to 163 zettabytes, ballooned by the growing number of devices and sensors
90 percent of the world’s data was created between 2015 and 2016 alone.
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.
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.
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.

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