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
- By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
- Businesses that use big data saw a 10 percent reduction in overall cost.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- Businesses that use big data saw a profit increase of 8–10 percent.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
- Only 7% of marketers surveyed report that they are currently effectively able to deliver real-time, data-driven marketing engagements across both physical and digital touchpoints.
- Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
