14 percent of investment professionals use credit card and POS software data to derive data.

2019

• 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.
• 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
• The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
• 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
• In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
• Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
• 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.
• 14 percent of investment professionals use credit card and POS software data to derive data.
• 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
• More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments