The big data industry will be worth an estimated $77 billion by 2023.
2019
Source: Entrepreneur
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
- Businesses that use big data saw a profit increase of 8–10 percent.
- 29 percent of investment professionals use search trends to derive data.
- 53 percent of companies are adopting big data analytics
- By 2020, there will be 2.7 million job postings for data science and analytics roles.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- 62 percent of retail businesses see competitive advantages from information and analytics.
- 90 percent of IT professionals plan to increase spending on BI tools.
- Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.
