GITNUX MARKETDATA REPORT 2024

Must-Know Big Data Statistics [Recent Analysis]

Statistic 1

"By 2022, 90% of corporate strategies will explicitly mention information as a critical enterprise asset."

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Statistic 2

"60% of global IT decision-makers claim that big data and analytics have been profitable for their organizations."

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Statistic 3

"95% of businesses cite the need to manage unstructured data as a problem for their business."

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Statistic 4

"The big data market is expected to reach $103 billion by 2027."

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Statistic 5

"Data-driven organizations are 23 times more likely to acquire customers."

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Statistic 6

"Data monetization could help small and mid-size businesses (SMBs) increase their margins by up to 33%."

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Statistic 7

"Real-time data is being processed by 79% of companies to improve their business operations."

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Statistic 8

"Data volume in enterprises is growing at a rate of over 40% annually."

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Statistic 9

"45% of companies run at least some big data workloads in the cloud."

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Statistic 10

"37% of companies cite lack of data quality as their biggest challenge."

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Statistic 11

"Organizations driven by data show 8-10% profitability and 10% reduction in overall costs."

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Statistic 12

"97.2% of organizations are investing in big data and AI."

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Statistic 13

"By 2025, the global data sphere will grow to 163 zettabytes."

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Statistic 14

"The Hadoop market is anticipated to grow at a CAGR of 28.37% during the forecast period of 2020-2025."

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Statistic 15

"Big data adoption rates in enterprises range from 17% to 59%, depending on the industry."

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Statistic 16

"95% of businesses need to manage unstructured data as a problem for their business."

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Statistic 17

"70% of large enterprises are increasing their investments in data and analytics."

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Statistic 18

"Poor data quality is estimated to cost the U.S. economy up to $3.1 trillion annually."

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Statistic 19

"53% of companies adopt big data analytics to accelerate decision making."

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Statistic 20

"Over 2.5 quintillion bytes of data are created every day."

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