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.
2018
Source: IDC Data Age 2025
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- 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.
- By 2020, there will be 2.7 million job postings for data science and analytics roles.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
- Data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable as a result.
- Insights-driven businesses are growing at an average of more than 30% each year, and by 2021, they are predicted to take $1.8 trillion annually from their less-informed peers.
- 98 percent of sales representatives at construction companies that adopt analytics and geographic data reported dramatic decreases in their time frame for providing price quotes.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.