The big data industry will be worth an estimated $77 billion by 2023.
2019
Source: Entrepreneur
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- 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.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- 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.
- Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
- 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
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
