According to a study by McKinsey, big data and advanced analytics could create as much as $3.7 trillion in value per year across healthcare, manufacturing, retail, and financial services. The importance of data and data analytics cannot be overstated. The global big data analytics market is projected to grow to $655.53 billion by 2029, at a CAGR of 13.4% in the forecast period. However, the halt that the pandemic brought for many businesses and saw many others turn the table on the virus has proven that extensive data analytics adoption is crucial for any business’s survival. Due to the mismanagement of assets and data and the lack of advanced data analytics to deliver faster insights, businesses fail to adjust or adapt to significant business trends.ĭata-driven companies are 58% more likely to beat revenue goals than those that are not focused on data – Forresterīusiness owners avoided data analytics due to the enormous investment its initial setup required. Are you ready to turn data into actionable insights that drive your business forward?Įvery business owner dreams of making it big! Yet, many perish in the competitive market. Are you tired of dealing with scattered data sets that create roadblocks for your organization?.The ability to extract meaningful insights from large data sets is essential for success in today’s digital economy. – IDCĪs the volume of data grows, the importance of data analytics has never been greater. By the end of 2025, it is estimated that over 175 zettabytes (175 trillion gigabytes) of data will be generated worldwide through digital interaction.
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