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.

2018

• 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 big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
• Businesses that use big data saw a profit increase of 8–10 percent.
• Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
• By 2020, there will be 2.7 million job postings for data science and analytics roles.
• 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
• 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.
• Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.
• Businesses that use big data saw a 10 percent reduction in overall cost.
• Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.