83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.

2018

• 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
• 90 percent of the world’s data was created between 2015 and 2016 alone.
• In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
• 95 percent of businesses need to manage unstructured data.
• The amount of data generated each second in the banking sector will grow 700 percent by 2020.
• 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.
• In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
• 53 percent of companies are adopting big data analytics
• 21 percent of investment professionals use web traffic to derive data.
• 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition