From its humble beginnings a few years ago as a concept in the minds of nerdy scientists, big data has become a mainstay in the business world. According to Harvard Business Review, 99% of businesses surveyed reported that they intend to implement big data analytics and AI in the near future.
On the flipside, only around 30% have actually succeeded in doing that. That mismatch shows that while many businesses have not acquired the technical capacity to implement big data analytics, most (73%) of the businesses that have are seeing significant ROI, with most of them being large companies.
Author: Ademola Adekunbi