Businesses that use big data saw a 10 percent reduction in overall cost.

2019

• By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
• 40 percent of businesses say they need to manage unstructured data on a frequent basis.
• In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
• More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
• 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.
• 21 percent of investment professionals use web traffic to derive data.
• 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
• 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
• 95 percent of businesses need to manage unstructured data.
• 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).