90 percent of IT professionals plan to increase spending on BI tools.

2019

• In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
• Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.
• 98 percent of sales representatives at construction companies that adopt analytics and geographic data reported dramatic decreases in their time frame for providing price quotes.
• The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
• By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
• People generate 2.5 quintillion bytes of data each day.
• More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
• 90 percent of IT professionals plan to increase spending on BI tools.
• 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.
• 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.