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.
2019
Source: Forbes
- 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.
- 14 percent of investment professionals use credit card and POS software data to derive data.
- 29 percent of investment professionals use expert networks to derive data.
- 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
- 36 percent of investment professionals use web scraping to derive data.
- 53 percent of companies are adopting big data analytics
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
