By The Numbers: Data Management

Data's Disruptive Impact

47%

Executives ranked A.I. / machine learning as the disruptive technology with the single-greatest potential impact to their businesses over the next decade — beating out the internet of things, fintech solutions, cloud computing and blockchain.

— “Big Data Executive Survey 2017,” New Vantage Partners, January 2017

Data Management Help Wanted

28%

Demand for data scientists and advanced analysts is projected to spike 28% by 2020. Data science and analyst jobs take five days longer to find qualified candidates than the market average. IBM projects by 2020 the number of jobs for all data professionals in the United States will increase by 364,000 openings to 2,720,000.

— “The Quant Crunch: How The Demand For Data Science Skills Is Disrupting The Job Market,” IBM, Burning Glass

Technologies, and BHEF, 2017

More than 85% of respondents report that their firms have started programs to create data-driven cultures, but only 37% report success thus far. Only 1.6% of respondents deemed their big data initiatives failures.

— “Big Data Executive Survey 2017,” New Vantage Partners, January 2017

Data: The Current Currency

In 2017, big data vendors will make more than $57 billion from hardware, software and professional services. These investments are further expected to grow at a compound annual growth rate of approximately 10% over the next four years, eventually accounting for over $76 billion by the end of 2020.

— “Big Data Market: 2017–2030—Opportunities, Challenges, Strategies, Industry Verticals & Forecasts,” SNS Research, April 2017

Mobile Data Management

People around the world will spend an average of 122 minutes a day accessing the mobile internet via browsers and apps, an amount that has grown from 10 minutes a day since 2010. The average person spent 456 minutes consuming media in 2016, up from 411 minutes in 2010.

— “Media Consumption Forecasts,” Zenith, May 30 2017.

44%

Mobile internet consumption increased at an average rate of 44% a year between 2010 and 2016 and accounted for 19% of all global media consumption in 2016. Zenith expects mobile to be 26% of all media consumption by 2019.

— “Media Consumption Forecasts,” Zenith, May 30, 2017.

IoT Data Growth

$3.9 to $11.1 Trillion

The IoT could have an annual economic impact of $3.9 trillion to $11.1 trillion by 2025, with factory IoT use contributing the most ($1.4 to $3.7 billion) to that impact.

— McKinsey Global Institute analysis, McKinsey & Company, May 2017

By 2019, at least 40% of IoT-created data will be stored, processed, analyzed and acted upon close to or at the edge of the network.

— IDC FutureScape: Worldwide Internet of Things 2017 Predictions, November 2016