Businesses that use big data saw a 10 percent reduction in overall cost.
2019
Source: Entrepreneur
- 53 percent of companies are adopting big data analytics
- 95 percent of businesses need to manage unstructured data.
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
- 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.
- 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
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- 29 percent of investment professionals use search trends to derive data.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
