By the end of 2025, it is estimated that over 175 zettabytes (175 trillion gigabytes) of data will be generated worldwide through digital interaction. – IDC
As the volume of data grows, the importance of data analytics has never been greater. The ability to extract meaningful insights from large data sets is essential for success in today’s digital economy.
- Are you tired of dealing with scattered data sets that create roadblocks for your organization?
- Are you ready to turn data into actionable insights that drive your business forward?
Every business owner dreams of making it big! Yet, many perish in the competitive market. 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.
Data-driven companies are 58% more likely to beat revenue goals than those that are not focused on data – Forrester
Business owners avoided data analytics due to the enormous investment its initial setup required. 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.
Why is data analytics crucial?
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. – Source
The importance of data and data analytics cannot be overstated. 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.
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You need to know the specific value data analytics will bring to your business’s daily operations, ROI, and profitability. We have carefully curated this infographic to provide the much-needed answers that might be racing in your brain.
Discover the latest technological trends and insights that will take place in data analytics for the year 2023 with our insightful infographic. This visually stunning resource illustrates the power of advanced data analytics, highlighting the importance of turning data into actionable insights and helping business owners make better strides in their goal of being scalable.
The data analytics trends infographic
Concluding thoughts: Don’t let rogue data mess up your operational scalability
As the chart above shows, data analytics will be essential to organizational growth. Whether you are a start-up or an established enterprise, keep an eye out for the significant data analytics trends and instill them (or at least the ones closer to benefit your organization) into your business process for achieving your goals.
In today’s digital economy, the volume of data is growing at an unprecedented rate. Organizations of every shape and size need structured data and powerful analytics tools to turn that data into valuable insights. But without the right tools and strategies, this data can quickly become overwhelming and ineffective.
If you are planning to plunge into the vastness of data and require a digital partner to carve out your data roadmap, contact us.
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