29 percent of investment professionals use expert networks to derive data.
2019
Source: The Hill
- 29 percent of investment professionals use expert networks to derive data.
- 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
- 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.
- Data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable as a result.
- 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.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- 45 percent of companies run at least some big data workloads in the cloud.
