21 Mind-Blowing Stats That Prove Big Data is Changing the World

21 Mind-Blowing Stats That Prove Big Data is Changing the World

1. According to IBM, 2.5 quintillion bytes of data are created every day.
2. Statista forecasts that global big data revenue will reach $274.3 billion by 2022.
3. TechJury reports that by 2025, the global big data market will be worth $103 billion.
4. According to Forbes, 90% of the world’s data was created in the past two years.
5. IBM reports that 59% of surveyed executives said they use big data to disrupt their industry with new business models.
6. TechJury reports that 40% of big data projects fail to achieve their objectives.
7. According to Deloitte, by 2020, big data analytics will be a $200 billion industry.
8. The World Economic Forum predicts that by 2025, 463 exabytes of data will be created each day.
9. Gartner predicts that by 2022, 90% of corporate strategies will explicitly mention information as a critical asset and analytics as an essential competency.
10. According to Forbes, the healthcare industry could save $300 billion dollars a year by using big data effectively.
11. According to a McKinsey Global Institute report, big data analytics could increase annual GDP in retail and manufacturing sectors by up to $325 billion by 2020.
12. McKinsey predicts that by 2020, there will be a shortage of 250,000 data scientists in the United States.
13. According to Accenture, U.S. retailers who utilize integrated big data analytics could increase their operating margins by 60%.
14. Statista reports that the marketing industry is the largest user of big data, with an estimated spending of $11.5 billion in 2020.
15. Big data is being used to understand and predict weather patterns, with the National Oceanic and Atmospheric Administration utilizing more than 5 petabytes of data daily.
16. According to the International Data Corporation, by 2023, worldwide spending on big data and business analytics will reach $274.3 billion.
17. A study by IDC found that big data technology and services created 4.4 million IT jobs worldwide in 2015.
18. The use of big data has helped reduce carbon emissions in the transportation industry, with the Federal Aviation Administration utilizing data to make air travel more efficient.
19. By 2021, the global smart city market will be worth $158 billion, with big data playing a critical role in managing urban infrastructure.
20. The New York Times has utilized big data to personalize content recommendations and increase reader engagement.
21. Big data is being utilized in the fight against cybercrime, with machine learning algorithms analyzing vast amounts of data to detect and prevent cyber attacks.