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

2018

• Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.
• Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
• Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
• The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
• In a survey of approximately 700 business professionals, only 15% said their organization is currently very effective in delivering a relevant and reliable customer experience. In the same survey, only 3% of respondents said they are able to act on all of the customer data they collect; 21% say they can act on very little of it.
• The amount of data generated each second in the banking sector will grow 700 percent by 2020.
• 95 percent of businesses need to manage unstructured data.
• 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
• By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
• 40 percent of businesses say they need to manage unstructured data on a frequent basis.