The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
2018Forbes
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- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- 14 percent of investment professionals use credit card and POS software data to derive data.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- 90 percent of IT professionals plan to increase spending on BI tools.
- 36 percent of investment professionals use web scraping to derive data.
- 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.
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