Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
2017
Source: Forbes
- 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.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- The number of IT professionals using descriptive and predictive analytics grew from the mid-40th percentile to high 60th percentile between January 2018 and January 2019.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- By 2020, there will be 2.7 million job postings for data science and analytics roles.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
