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
2018
Source: IDC Data Age 2025
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- 21 percent of investment professionals use web traffic to derive data.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- Businesses that use big data saw a profit increase of 8–10 percent.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- The big data industry will be worth an estimated $77 billion by 2023.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- 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
