The big data industry will be worth an estimated $77 billion by 2023.

2019

• 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.
• People generate 2.5 quintillion bytes of data each day.
• By 2020, there will be 2.7 million job postings for data science and analytics roles.
• 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
• 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
• 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
• In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
• Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.
• 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.
• 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