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.

2021

• 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.
• 90 percent of the world’s data was created between 2015 and 2016 alone.
• 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
• 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
• More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
• The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
• The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
• By 2020, there will be 2.7 million job postings for data science and analytics roles.
• 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.
• 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.