29 percent of investment professionals use expert networks to derive data.
2019
Source: The Hill
- Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
- In a survey of approximately 700 business professionals, only 15% said their organization is currently very effective in delivering a relevant and reliable customer experience. In the same survey, only 3% of respondents said they are able to act on all of the customer data they collect; 21% say they can act on very little of it.
- The big data industry will be worth an estimated $77 billion by 2023.
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- 55 percent of North American businesses have adopted big data analytics.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- 95 percent of businesses need to manage unstructured data.