Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.

2017

• The big data industry will be worth an estimated $77 billion by 2023.
• Businesses that use big data saw a 10 percent reduction in overall cost.
• 55 percent of North American businesses have adopted big data analytics.
• The amount of data generated each second in the banking sector will grow 700 percent by 2020.
• 40 percent of businesses say they need to manage unstructured data on a frequent basis.
• 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
• 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.
• 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.
• 95 percent of businesses need to manage unstructured data.
• 90 percent of IT professionals plan to increase spending on BI tools.