Businesses that use big data saw a 10 percent reduction in overall cost.
2019
Source: Entrepreneur
- 61 percent of businesses that recognize the effect of data and analytics on their core business practices say their companies either have not responded to these changes or have taken only ad hoc actions rather than developing a comprehensive, long-term strategy for analytics.
- People generate 2.5 quintillion bytes of data each day.
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- 55 percent of North American businesses have adopted big data analytics.
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- The education vertical currently has the lowest adoption of big data among vertical industries, but educators are most likely to say they may use big data in the future.
- 21 percent of investment professionals use web traffic to derive data.
- 14 percent of investment professionals use credit card and POS software data to derive data.
- The big data industry will be worth an estimated $77 billion by 2023.
- 36 percent of investment professionals use web scraping to derive data.
