The big data industry will be worth an estimated $77 billion by 2023.
2019
Source: Entrepreneur
- 21 percent of investment professionals use web traffic to derive data.
- The number of IT professionals using descriptive and predictive analytics grew from the mid-40th percentile to high 60th percentile between January 2018 and January 2019.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- 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.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- Data warehouse optimization is considered the most important big data analytics use case, and is considered critical or very important by 70 percent of businesses.
- 45 percent of companies run at least some big data workloads in the cloud.
- 73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.
- 53 percent of companies are adopting big data analytics
- Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
