Statistic Archives - Page 3 of 7 - Data Ideology

Statistic Articles & Insights

The amount of data generated each second in the banking sector will grow 700 percent by 2020.

is based on predictions made around 2015 and widely discussed in industry reports. It reflects the exponential increase in data generation driven by digitization, mobile banking, and customer interactions across various channels within the financial services industry. This massive surge in data was expected as more customers began using digital services, electronic transactions increased, and […]

In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.

2019

98 percent of sales representatives at construction companies that adopt analytics and geographic data reported dramatic decreases in their time frame for providing price quotes.

2018

62 percent of retail businesses see competitive advantages from information and analytics.

2018

Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.

2018

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

90 percent of IT professionals plan to increase spending on BI tools.

2019

Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.

2017

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.

2019