#Andrei Macsin's Posts - Big Data News Comments - Big Data: The Amazing Numbers in 2015 - Big Data News BDN Daily Press Releases - Big Data News ____________________ Search * Sign Up * Sign In Big Data News * Data Science Central * My Page * Big Data Jobs * Data Science Book * DSC Digest * Top Links * Webinars * Search * Contact Us Subscribe to our Newsletter * All Blog Posts * My Blog * Add Big Data: The Amazing Numbers in 2015 * Posted by Andrei Macsin on September 29, 2015 at 2:37pm * View Blog Guest blog post by Bernard Marr Big data is growing — in fact, the sector is growing so fast and we are producing data so voraciously, that no one can afford to ignore it as a “fad” any more. And, it’s going to affect all companies, large and small, across all segments of the market — from healthcare to public safety, and retail to wholesale. [Capture.PNG] Big data is changing the world as we know it. If you don’t believe me, check out some of these (frankly staggering) statistics: * 60% One study suggests that retailers who fully leverage the power of big data could see an increase in their operating margins by as much as 60 percent! (Source) * 4.4 million That’s how many IT jobs there will be internationally in the big data field by the end of 2015, and it’s estimated that 1.9 million of these jobs will be in the U.S. alone. It also suggests that there will be a large gap between the number of jobs available and the number of skilled workers to fill those jobs. (Source) * $3.4 billion The advanced and predictive analytics (APA) software market is expected to grow to $3.4 billion worldwide by 2018. (Source) * $8 million In one study, the average business expected to spend $8 million this year on big data and related projects. (Source) * $50.1 billion Big Data was a $28.5B market in 2014, growing to $50.1 billion overall in 2017. (Source) * 5 times more likely Companies that use big data analytics are five times more likely to make decisions “much faster” than their competition. (Source) * $65.7 million As little as a 10 percent increase in the accessibility of data can mean an additional $65.7 million net income for a typical Fortune 1000 company. (Source) * $200 million The Obama administration is investing more than $200 million in big data initiatives. (Source) * 90 percent Ninety percent of the data in existence was created in the last two years. (Source) * $3.57 billion Customer experience enhancement is expected to be the largest big data business category, and the one with the most growth, with forecasts saying this sector will grow from $0.75 billion in 2015 to $3.57 billion in 2020. * 26 hours Macy’s has reportedly been able to save 26 hours every time it optimizes pricing for its 73 million products through use of big data, allowing them to change pricing more frequently to follow retail trends. (Source) * $500 billion One study suggests that the U.S. government could save $500 billion annuallyby implementing big data projects. (Source) Studies also show that companies (especially small and medium sized companies) put cost and personnel problems as the top reasons they haven’t implemented big data projects yet, but these projects need to become priority fast, or those companies risk being left behind. [Capture2.PNG] Other articles by Bernard Marr Do you have questions or comments about big data? I’d love to hear them in the comments below. DSC Resources * Career: Training | Books | Cheat Sheet | Apprenticeship | Certification | Salary Surveys | Jobs * Knowledge: Research | Competitions | Webinars | Our Book | Members Only | Search DSC * Buzz: Business News | Announcements | Events | RSS Feeds * Misc: Top Links | Code Snippets | External Resources | Best Blogs | Subscribe | For Bloggers Additional Reading * Data Scientist Reveals his Growth Hacking Techniques * 10 Modern Statistical Concepts Discovered by Data Scientists * Top data science keywords on DSC * 4 easy steps to becoming a data scientist * 13 New Trends in Big Data and Data Science * 22 tips for better data science * Data Science Compared to 16 Analytic Disciplines * How to detect spurious correlations, and how to find the real ones * 17 short tutorials all data scientists should read (and practice) * 10 types of data scientists * 66 job interview questions for data scientists * High versus low-level data science Follow us on Twitter: @DataScienceCtrl | @AnalyticBridge Views: 1187 Tags: Like 1 member likes this Share Tweet * < Previous Post * Next Post > Comment by Emma R on December 17, 2015 at 10:21pm Big Data help you to understand the information contained within the data and help to identify the data which is most important for the business future business decisions. The Big Data market report aims in estimating the current size and the future growth potential of this market across the different solutions, applications, verticals, and regions. ( Download PDF ) E.g. Europe Big Data market is expected to grow from $3.90 billion in 2013 to $13.70 billion in 2018 at an estimated of CAGR of 28.5% by 2018. Comment You need to be a member of Big Data News to add comments! 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