WEF 2022: How industrial data can help unleash productivity, sustainability

With productivity and growth at stake, it's clear that digital solutions which can gather, organize, manage and analyze data are rapidly becoming the backbone of the global economy

Industrial data is doubling roughly every two years. In 2021, industries created, captured, copied and consumed 74 zettabytes of data – by 2023 that is estimated to rise to 130 zettabytes. This rapid growth is creating a problem, because huge volumes of data on their own are not useful.

Data needs to be organized, structured and analyzed to unlock insights that drive value for companies. The average data scientist spends up to 60% of his or her time gathering, cleaning and collating data, rather than driving insights.

With so much time devoted to data-gathering, it’s no surprise that companies that can master