53 percent of companies are adopting big data analytics

2017

• 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
• 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.
• The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
• 55 percent of North American businesses have adopted big data analytics.
• Data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable as a result.
• 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.
• In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
• 90 percent of the world’s data was created between 2015 and 2016 alone.
• In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.