50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.

2018

• 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
• By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
• 55 percent of North American businesses have adopted big data analytics.
• In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
• The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
• 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).
• 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
• 45 percent of companies run at least some big data workloads in the cloud.
• 70 percent of investment professionals use “alternative data” or plan to do so in the next year.