The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
2018
Source: Forbes
- 21 percent of investment professionals use web traffic to derive data.
- By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
- Data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable as a result.
- Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
- Businesses that use big data saw a profit increase of 8–10 percent.
- 55 percent of North American businesses have adopted big data analytics.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- 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.
- The number of IT professionals using descriptive and predictive analytics grew from the mid-40th percentile to high 60th percentile between January 2018 and January 2019.
