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
Source: IDC Data Age 2025
- 95 percent of businesses need to manage unstructured data.
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
- 21 percent of investment professionals use web traffic to derive data.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- 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.
- Only 7% of marketers surveyed report that they are currently effectively able to deliver real-time, data-driven marketing engagements across both physical and digital touchpoints.
- 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
- By 2025, more than a quarter of all data created will be real-time, with 95% of that data generated by the Internet of Things.
- 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
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.