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
2018
Source: IDC Data Age 2025
- 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.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- 61 percent of businesses that recognize the effect of data and analytics on their core business practices say their companies either have not responded to these changes or have taken only ad hoc actions rather than developing a comprehensive, long-term strategy for analytics.
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- 29 percent of investment professionals use expert networks to derive data.
- 73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.
- 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- Businesses that use big data saw a 10 percent reduction in overall cost.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.