Businesses that use big data saw a 10 percent reduction in overall cost.
2019
Source: Entrepreneur
- 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.
- Only 7% of marketers surveyed report that they are currently effectively able to deliver real-time, data-driven marketing engagements across both physical and digital touchpoints.
- 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.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- 29 percent of investment professionals use search trends to derive data.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
