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
Source: Towards Data Science
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- 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
- Data warehouse optimization is considered the most important big data analytics use case, and is considered critical or very important by 70 percent of businesses.
- 53 percent of companies are adopting big data analytics
- By 2025, more than a quarter of all data created will be real-time, with 95% of that data generated by the Internet of Things.
- 36 percent of investment professionals use web scraping to derive data.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
- By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.