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    Infographic: Big Data–From Buzzword to Business Benefits

    Jocelyn Aspa
    May. 29, 2017 03:35PM PST

    Roughly 40 percent of companies worldwide are using big data analytics. The infographic done here by MarketingProfs breaks down some important big data facts everyone should know.

    Data Investing

    When thinking about the big data market, it can certainly be overwhelming due to its vast, and somewhat complex, nature. To break it down a little, big data is defined as a volume of data that runs through a business on a daily basis. But, SAS.com states, “it’s not the amount of data that’s important. It’s what organizations do with the data that matters.”
    That said, in a report written by Thomas H. Davenport and Jill Dyche from the International Institute of Analytics, titled “Big Data in Big Companies” found that big data used by larger companies is beneficial in a number of ways, including:


    • cost reductions;
    • improving the time it takes to do simple computing task; and
    • supporting internal business decisions, to name a few.


    As such, it should come as no surprise that investments in big data are climbing. In fact, it’s expected that global spending in this market will climb well over the $57 billion threshold in 2017 alone, and rising 10 percent on a yearly basis until 2020. By then, the Research and Markets report projects the industry to be worth $76 billion.

    With that in mind, MarketingProfs put together an infographic titled “Big Data: From Buzzword to Business Benefits,” compiled of data from Colourfast, outlining what percentage of companies are using big data, some of the main benefits, and how big data is used in different regions, shown below.




    Don’t forget to follow us @INN_Technology for real-time news updates!
    Securities Disclosure: I, Jocelyn Aspa, hold no direct investment interest in any company mentioned in this article.

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    Jocelyn Aspa

    Jocelyn Aspa

    Jocelyn obtained her diploma in journalism from Langara College in April 2016, just prior to joining INN as a staff writer for the resource sector. Since then, Jocelyn has shifted to covering the life science space and has become managing editor for INN's technology, cannabis and life science divisions. Jocelyn is passionate about niche topics within the life science sector and enjoys shedding light on companies focused on unmet clinical needs.

    Prior to joining INN, Jocelyn interned at the Georgia Straight and blogged about the Vancouver Canucks. Before following her career in journalism, Jocelyn spent several years working in law firms. She thrives off the knowledge her background brings to her reporting.

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    Jocelyn Aspa
    Jocelyn Aspa

    Jocelyn obtained her diploma in journalism from Langara College in April 2016, just prior to joining INN as a staff writer for the resource sector. Since then, Jocelyn has shifted to covering the life science space and has become managing editor for INN's technology, cannabis and life science divisions. Jocelyn is passionate about niche topics within the life science sector and enjoys shedding light on companies focused on unmet clinical needs.

    Prior to joining INN, Jocelyn interned at the Georgia Straight and blogged about the Vancouver Canucks. Before following her career in journalism, Jocelyn spent several years working in law firms. She thrives off the knowledge her background brings to her reporting.

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