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

2018

• The number of IT professionals using descriptive and predictive analytics grew from the mid-40th percentile to high 60th percentile between January 2018 and January 2019.
• 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
• 90 percent of IT professionals plan to increase spending on BI tools.
• 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
• 29 percent of investment professionals use expert networks to derive data.
• 62 percent of retail businesses see competitive advantages from information and analytics.
• 55 percent of North American businesses have adopted big data analytics.
• In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
• Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.
• The amount of data generated each second in the banking sector will grow 700 percent by 2020.