In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.

2018

• 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
• 36 percent of investment professionals use web scraping to derive data.
• 45 percent of companies run at least some big data workloads in the cloud.
• 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
• The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
• In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
• 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.
• 14 percent of investment professionals use credit card and POS software data to derive data.
• The amount of data generated each second in the banking sector will grow 700 percent by 2020.
• 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.