The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
2018Forbes
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- 90 percent of IT professionals plan to increase spending on BI tools.
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- Businesses that use big data saw a 10 percent reduction in overall cost.
- Businesses that use big data saw a profit increase of 8–10 percent.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- 21 percent of investment professionals use web traffic to derive data.
- 36 percent of investment professionals use web scraping to derive data.
- 90 percent of the world’s data was created between 2015 and 2016 alone.
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