14 percent of investment professionals use credit card and POS software data to derive data.
2019
Source: The Hill
- 61 percent of businesses that recognize the effect of data and analytics on their core business practices say their companies either have not responded to these changes or have taken only ad hoc actions rather than developing a comprehensive, long-term strategy for analytics.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
- Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
- 29 percent of investment professionals use search trends to derive data.
- 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.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- 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.
- 14 percent of investment professionals use credit card and POS software data to derive data.
- 90 percent of the world’s data was created between 2015 and 2016 alone.