The education vertical currently has the lowest adoption of big data among vertical industries, but educators are most likely to say they may use big data in the future.
2017
Source: Forbes
- Insights-driven businesses are growing at an average of more than 30% each year, and by 2021, they are predicted to take $1.8 trillion annually from their less-informed peers.
- 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.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- 90 percent of IT professionals plan to increase spending on BI tools.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- By 2020, there will be 2.7 million job postings for data science and analytics roles.
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- The big data industry will be worth an estimated $77 billion by 2023.
