90 percent of the world’s data was created between 2015 and 2016 alone.

2016

• The big data industry will be worth an estimated $77 billion by 2023.
• Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.
• People generate 2.5 quintillion bytes of data each day.
• 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.
• Businesses that use big data saw a 10 percent reduction in overall cost.
• 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.
• 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.
• 90 percent of IT professionals plan to increase spending on BI tools.
• 40 percent of businesses say they need to manage unstructured data on a frequent basis.
• Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.