The big data industry will be worth an estimated $77 billion by 2023.
2019
Source: Entrepreneur
- 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.
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- 90 percent of IT professionals plan to increase spending on BI tools.
- By 2020, there will be 2.7 million job postings for data science and analytics roles.
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
- The education vertical currently has the lowest adoption of big data among vertical industries, but educators are most likely to say they may use big data in the future.
- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
- Businesses that use big data saw a profit increase of 8–10 percent.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- 29 percent of investment professionals use expert networks to derive data.
