79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.

2018

• 29 percent of investment professionals use search trends to derive data.
• Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
• 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.
• The amount of data generated each second in the banking sector will grow 700 percent by 2020.
• 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.
• 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.
• 14 percent of investment professionals use credit card and POS software data to derive data.
• Insights-driven businesses are growing at an average of more than 30% each year, and by 2021, they are predicted to take $1.8 trillion annually from their less-informed peers.
• 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.