The amount of data generated each second in the banking sector will grow 700 percent by 2020.
2019The Hill
Explore Data & Analytics Statistics
- 21 percent of investment professionals use web traffic to derive data.
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- 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.
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- 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.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- 14 percent of investment professionals use credit card and POS software data to derive data.
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
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