The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.

2018

• 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.
• More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
• 29 percent of investment professionals use expert networks to derive data.
• Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.
• People generate 2.5 quintillion bytes of data each day.
• 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
• Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
• By 2025, IDC predicts that the total amount of digital data created worldwide will rise to 163 zettabytes, ballooned by the growing number of devices and sensors
• 40 percent of businesses say they need to manage unstructured data on a frequent basis.
• 73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.