95 percent of businesses need to manage unstructured data.
2019
Source: Forbes
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- 90 percent of IT professionals plan to increase spending on BI tools.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- Insights-driven businesses are growing at an average of more than 30% each year, and by 2021, they are predicted to take $1.8 trillion annually from their less-informed peers.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
