10 Eye-opening Stats About the Growth of Big Data

March 5th, 2020

This article is by Carole Gunst and originally appeared on the Qlik Blog here: https://blog.qlik.com/10-eye-opening-stats-about-the-growth-of-big-data


Research in 2018 shows that most companies are collecting data, but roughly half of them don’t have a data platform in place to get insights from it. When it comes to big data analytics, there are many behind-the-scenes barriers companies have to overcome to get their data to a place where it can inform decisions. One reason for this is the increasing growth of data.

Here are some eye-opening stats about the unprecedented pace of big data growth today:
  • 90% of the world’s data has been created in the last two years alone.
  • The volume of data created by U.S. companies alone each year is enough to fill ten thousand Libraries of Congress.
  • Connected cars are making a push to be the most important new digital platform, with 220 million on the road by 2020.
  • Most companies only analyze 12% of the data they have.
  • By 2020, there will be more than 50 billion smart connected devices in the world, collecting, analyzing and sharing data.
  • Bad data costs the US $3.1 Trillion annually.
  • Data investments in the financial services industry will account for nearly?$9 Billion?in 2018 alone.
  • AI’s impact on marketing is growing, predicted to reach nearly $40 billion by 2025.
  • The salaries of data scientists are rapidly increasing with demand.
  • IoT will save consumers and businesses $1 trillion a year by 2022.

Have challenges keeping up with the pace of your company’s data growth? Attunity can help. Attunity Replicate’s change data capture (CDC) technology can move real-time data to a data platform for analytics. To learn more, check out The Magic of Data Integration in the Enterprise e-guide.