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.
2017
Source: Forbes
- People generate 2.5 quintillion bytes of data each day.
- Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- Businesses that use big data saw a 10 percent reduction in overall cost.
- Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.
- 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
- 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- The number of IT professionals using descriptive and predictive analytics grew from the mid-40th percentile to high 60th percentile between January 2018 and January 2019.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
