More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
2019
Source: Forbes
- 29 percent of investment professionals use search trends to derive data.
- 53 percent of companies are adopting big data analytics
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- 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
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- 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.