#RSS Feed A Social Media Today community [network-drop-down.png] * [brand-bar-wheel.png] About Social Media Today ______________________________________________________________ * [logo.png] The world's best thinkers on energy & climate ______________________________________________________________ * [logo.png] The world's best thinkers on the urban future ______________________________________________________________ * [logo.png] The world's best thinkers on business intelligence & data analytics ______________________________________________________________ * [logo.png] The world's best thinkers on healthcare ______________________________________________________________ * [logo_0.png] The world's best thinkers on social media Sign up | Login with → SmartData Collective The World's Best Thinkers on Data * Home + About Us & Contact + Work With Us * Post Here * Analytics + Social Media Analytics + Text Analytics + Sentiment Analytics + Predictive Analytics + Modeling + Web Analytics + Workforce Analytics * Big Data + Social Data + Data Warehousing + Visualization + Workforce Data + Data Mining + Data Quality * Business Intel + Business Rules + Decision Management + Knowledge Management + Market Research + CRM * Data Management + Risk Management + Transparency + Culture & Leadership + Policy & Governance + Best Practices + Privacy * IT + Mobility + Security + Hardware + Location + Cloud Computing * Software + Hadoop + MapReduce + SQL + Open Source + Marketing Automation + R Programming Language * Reports * Webcasts * Help + FAQ Posted by: [Screen%20Shot%202013-06-06%20at%2015.18.37.png] Bernard Marr Posts Profile Comments Follow Please login or register to follow this user. Big Data: The Amazing Numbers in 2015 Like it? 294 comments 0 Posted June 23, 2015 Keywords: The Big Data Guru Image 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. 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 2015. (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 annually by 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. As always, thank you very much for reading my posts. You might also be interested in my new book: Big Data: Using Smart Big Data, Analytics and Metrics To Make Better Decisions and Improve Performance You can read a free sample chapter here. * Login or register to post comments * [Screen%20Shot%202013-06-06%20at%2015.18.37.png] Connect: Twitter LinkedIn Facebook website Authored by: Bernard Marr Bernard Marr is a globally regognized big data and analytics expert. He is a best-selling business author, keynote speaker and consultant in strategy, performance management, analytics, KPIs and big data. He helps companies to better manage, measure, report and analyse performance. His leading-edge work with major companies, organisations and governments across the globe makes him a globally ... See complete profile Would you like to contribute to this site? Get started » Other Posts by Bernard Marr Big Data in Big Oil: The Amazing Ways Shell Uses Analytics to Drive Business Success - November 17, 2015 3 Ways the Internet of Things Will Change Every Business - November 10, 2015 Big Data in Motorsports: How F1 And NASCAR Compete on Analytics - October 13, 2015 4 Ways Big Data Will Change Every Business - October 6, 2015 Of Big Data, the IoT, and Trust: Tales from Google's Nest - September 29, 2015 Related Posts There are no posts that fit this criteria. Image The moderated business community for business intelligence, predictive analytics, and data professionals. Image * Twitter * IFRAME: http://platform.twitter.com/widgets/follow_button.html?screen_name= smartdataco * RSS * RSS as XML addtomyyahoo4 Subscribe with Bloglines Add to Google * Email * Get our best posts in your inbox weekly First name ____________________ Last name ____________________ Email address ____________________ Sign up! 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