In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.

2019

• More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
• 29 percent of investment professionals use expert networks to derive data.
• 62 percent of retail businesses see competitive advantages from information and analytics.
• 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
• 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
• The amount of data generated each second in the banking sector will grow 700 percent by 2020.
• Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
• 90 percent of IT professionals plan to increase spending on BI tools.
• 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.