The big data industry will be worth an estimated $77 billion by 2023.

2019

• Businesses that use big data saw a 10 percent reduction in overall cost.
• 40 percent of businesses say they need to manage unstructured data on a frequent basis.
• 62 percent of retail businesses see competitive advantages from information and analytics.
• 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.
• 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
• The big data industry will be worth an estimated $77 billion by 2023.
• 95 percent of businesses need to manage unstructured data.
• 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
• Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.
• 90 percent of IT professionals plan to increase spending on BI tools.