Businesses that use big data saw a profit increase of 8–10 percent.
2019
Source: Entrepreneur
- 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.
- 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 big data industry will be worth an estimated $77 billion by 2023.
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- 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.
- 14 percent of investment professionals use credit card and POS software data to derive data.
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
- 73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.
