Data warehouse optimization is considered the most important big data analytics use case, and is considered critical or very important by 70 percent of businesses.
2017
Source: Forbes
- 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
- 29 percent of investment professionals use search trends to derive data.
- By 2020, there will be 2.7 million job postings for data science and analytics roles.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- 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.
- 14 percent of investment professionals use credit card and POS software data to derive data.
- Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
- 61 percent of businesses that recognize the effect of data and analytics on their core business practices say their companies either have not responded to these changes or have taken only ad hoc actions rather than developing a comprehensive, long-term strategy for analytics.
- By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
