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7 BIG Facts About Data-Driven Innovation

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7 BIG Facts About Data-Driven Innovation

  1. 1. 7 BIG FACTS ABOUT The amount of data generated in two days is as much as all data generated in human history before 2003. Improved use of data could generate $3 trillion in additional value each year in seven industries.The Big Data analytics and services industry is worth $3 billion and is expected to hit $20 billion in the next five years. Harnessing Big Data could reduce health care costs by 8%. The data-driven marketing industry was worth $156 billion in 2012 and created 676,000 jobs. In 1985, it cost $100,000 to store a gigabyte of data. It cost 5 cents in 2013. Data is a resource, much like water or energy, and like any resource, data does nothing on its own. Rather, it is world-changing in how it is employed in human decision making. FOLLOWUSONFACEBOOKANDTWITTERTOLEARNMORE! /USCCFoundation Facebook “f” Logo RGB / .eps Facebook “f” Logo RGB / .eps @USCCFoundation 21 3 5 7 6 4 2019 20131985 021802_Data_Driven_Infographic_11x17_01.indd 1 10/9/14 10:02 AM

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