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Analytics technology is taking the ecommerce industry by storm. Ecommerce companies are expected to spend over $24 billion on analytics in 2025. While there is no debating the huge benefits that analytics technology brings to the ecommerce sector , many experts are pondering what those actual benefits are.
According to a report by Statista, the global data sphere is expected to reach 180 zettabytes by 2025 , a significant increase from 33 zettabytes in 2018. Processing frameworks like Hadoop enable efficient data analysis across clusters. Analytics tools help convert raw data into actionable insights for businesses.
According to a report by Statista, the global data sphere is expected to reach 180 zettabytes by 2025 , a significant increase from 33 zettabytes in 2018. Processing frameworks like Hadoop enable efficient data analysis across clusters. Analytics tools help convert raw data into actionable insights for businesses.
This explosive growth is driven by the increasing volume of data generated daily, with estimates suggesting that by 2025, there will be around 181 zettabytes of data created globally. According to recent statistics, 56% of healthcare organisations have adopted predictiveanalytics to improve patient outcomes.
Scikit-learn also earns a top spot thanks to its success with predictiveanalytics and general machine learning. Hadoop, though less common in new projects, is still crucial for batch processing and distributed storage in large-scale environments. Kafka remains the go-to for real-time analytics and streaming.
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