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

2019

• 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.
• 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
• 21 percent of investment professionals use web traffic to derive data.
• Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.
• 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
• 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 2020, there will be 2.7 million job postings for data science and analytics roles.
• Businesses that use big data saw a profit increase of 8–10 percent.
• 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles