BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -While 97.2% of companies say they’re investing in big data and AI projects, just 24% describe their organizations as data-driven. In this instance, data-driven means that these companies use the data they collect and analyze to inform their decision-making.

Detailed explanation-2: -These were among the findings from NewVantage Partners’ latest annual survey on data and AI leadership, which found that 97% of participating organizations are investing in data activities and that 91% are investing in AI initiatives.

Detailed explanation-3: -Relationship between AI and Big Data Big data and artificial intelligence have a synergistic relationship. AI requires a massive scale of data to learn and improve decision-making processes and big data analytics leverages AI for better data analysis.

Detailed explanation-4: -Big data market statistics The big data analytics (BDA) market was worth $271.83 billion in 2022. Global spending on BDA solutions is expected to grow at the compound annual growth rate (CAGR) of 12.8% over 2021-2025.

Detailed explanation-5: -although the average company manages 162.9TB of data, the average enterprise has 347.56TB of data, seven times as much data as the average SMB with 47.81TB. Similarly, organizations of all sizes expect the amount of data to increase considerably in a relatively short timeframe.