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Small Businesses Use Big Data to Offset Risk During Economic Uncertainty

Smart Data Collective

In 2023, big data Is no longer a luxury. One survey from March 2020 showed that 67% of small businesses spend at least $10,000 every year on data analytics technology. Companies which require immediate business funding are using data analytics tools to research and better understand their options.

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What is IT operations analytics?

IBM Big Data Hub

For example, 99% of organizations surveyed by McKinsey said they have pursued a large-scale technology transformation since 2020. And yet, CIOs say their executives believe 59% of digital initiatives take too long to complete and 52% take too long to realize value, according to a 2023 Gartner survey. billion business.

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