More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments

2018

• 40 percent of businesses say they need to manage unstructured data on a frequent basis.
• 29 percent of investment professionals use expert networks to derive data.
• More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
• The big data industry will be worth an estimated $77 billion by 2023.
• 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
• 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
• Businesses that use big data saw a profit increase of 8–10 percent.
• 53 percent of companies are adopting big data analytics
• In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
• 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.