Big Data

• [New] Big data stood at the thirteenth position generating 2.5 quintillion bytes per day by internet users and is expected to reach $229.4bn by 2025.
• The DoD will have to leverage Big Data analytics and artificial intelligence engines to process analysis in real time on the massive bandwidth that will go through 5G networks.
• Shorter term, AI and big data are the technologies expected to have the biggest impact on the pharmaceutical industry in 2021.
• All the key industries across are a globe, including media & entertainment, government, educational institutes, and others, are embracing and investing in disruptive technologies such as artificial intelligence, IoT, big data, and predictive analytics, among others.
• As said big data is disruptive and influenced many industries successfully to introduce new products or services, or enhance features of existing products and services, Netflix, Amazon are the leading example of companies exploiting big data.
• Orange expects technological enablers, including artificial intelligence, cloud, 5G and big data analytics, to play important roles in strengthening supply chains through enhanced planning and execution.
• Big data in the healthcare market is expected to bypass the figure of $68.03 billion by the year 2024.
• Data and analytics have clear potential, and while not every trader can make use of big data for trade ideas or trade executions, it's clear that traders see that opportunity exists.
• Cloud Computing will improve in 2021 and can join hands with popular technologies such as Big Data, IoT.
• By 2030 big data is expected to add $17.5 Trillion to the global economy and, at current rates, 50% of the 500 companies that make up the S&P500 will be replaced by 2027!
• The global market for analytics in ecommerce is expected to grow to be worth $22.4 billion within the next four years.
• Ipsos' view is that Big Data and data science will continue to disrupt market insights.
• With the transition to digital medical records and the use of intelligent machines to analyze patient-related information, Big Data will play an increasingly important role in the healthcare sector in the future.
• The Big Data Value PPP will lead to a comprehensive innovation ecosystem for achieving and sustaining European leadership on Big Data, and for delivering maximum economic and societal benefit to Europe - its business and its citizens.
• In August, IDC Big Data and analytics software revenue would hit $66.8 billion in 2020 and would see 8.7% CAGR through 2024.
• By 2025, the market for big data and industrial internet of things is expected to grow to nearly $1.2 trillion.
• From now to 2030, businesses across industries are rapidly transforming due to digitisation, AI, big data, the future of work, consumer power, and reshaping of global supply chains, among other macro-trends.
• Machine learning and turning big data into insight will be key to exploring new opportunities to service customers more effectively in 2021.
• Not only is the possibility of data theft by email phishing going to rise over the coming years but businesses that handle big data become instant targets for cybercriminals.

Last updated: 18 April 2021