98 percent of sales representatives at construction companies that adopt analytics and geographic data reported dramatic decreases in their time frame for providing price quotes.
2018
Source: Towards Data Science
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- 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
- 53 percent of companies are adopting big data analytics
- 62 percent of retail businesses see competitive advantages from information and analytics.
- 45 percent of companies run at least some big data workloads in the cloud.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
