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.

2018

• 40 percent of businesses say they need to manage unstructured data on a frequent basis.
• The big data industry will be worth an estimated $77 billion by 2023.
• 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
• 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
• 21 percent of investment professionals use web traffic to derive data.
• 53 percent of companies are adopting big data analytics
• 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.
• Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
• In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
• By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.