The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
2018
Source: Forbes
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- 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.
- Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
- 95 percent of businesses need to manage unstructured data.
- 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- 61 percent of businesses that recognize the effect of data and analytics on their core business practices say their companies either have not responded to these changes or have taken only ad hoc actions rather than developing a comprehensive, long-term strategy for analytics.
- 36 percent of investment professionals use web scraping to derive data.
