8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition

2018

• 40 percent of businesses say they need to manage unstructured data on a frequent basis.
• 90 percent of the world’s data was created between 2015 and 2016 alone.
• 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.
• The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
• The education vertical currently has the lowest adoption of big data among vertical industries, but educators are most likely to say they may use big data in the future.
• 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.
• By 2020, there will be 2.7 million job postings for data science and analytics roles.
• 95 percent of businesses need to manage unstructured data.
• 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).