Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.

2017

• 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
• 45 percent of companies run at least some big data workloads in the cloud.
• The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
• 21 percent of investment professionals use web traffic to derive data.
• 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
• The big data industry will be worth an estimated $77 billion by 2023.
• 55 percent of North American businesses have adopted big data analytics.
• 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
• 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
• 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.