Insight Engines Statistics 2024 – Everything You Need to Know

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Best Insight Engines Statistics

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Insight Engines Market Statistics

  • North America insight engines market is expected to reach a CAGR of 24.3% in the forecast period of 2019 to 2026. [0]
  • According to Statista, as of 2021 data, the United States held over ~36% of the global market share for information and communication technology. [0]
  • With a market share of 16%, the EU ranked second, followed by 12%, China ranked third. [0]
  • In addition, according to forecasts, the ICT market will reach more than US$ 6 trillion in 2021 and almost US$ 7 trillion by 2024. [0]
  • Moreover, mobile shopping now has a 60% market share, you can find more stats via the 300+ page report on Datareportal. [1]
  • Google continues to dominate search engine use, with a 86.19% percent market share of desktop searches as of December 2021. [1]
  • It’s a slightly different story on mobile, however, as Google currently holds 94.88% of the mobile search market share. [1]
  • A typical application might be to gauge the impact of, say, increasing the penetration of shower gels by 10% in Thai markets. [2]
  • Now live in 10 markets, All Things Hair has had more than 125 million views since its launch in 2013, and the research shows that it’s three times as likely to drive purchases as conventional advertising is. [2]
  • The insight engines market expected to grow from $640.2 Million in 2017 and to reach $2,197.4 Million by 2024, at a Compound Annual Growth Rate of 24.5% during the forecast period. [3]
  • The insight engines market is expected to grow from USD 735.2 Million in 2018 to USD 2,197.4 Million by 2024, at a Compound Annual Growth Rate of 24.5% during the forecast period. [3]
  • In 2016, over 30% of the top 1000 mobile games were built using Unity, which reported having 45% of the entire global game engine market. [4]
  • This marketplace provides another source of revenue for Unity, which takes a 30% cut from all peerto. [4]

Insight Engines Software Statistics

  • According to CB Insights’ Market Sizing tool, the global animation software industry is estimated to exceed $700B by 2021. [4]
  • As of June 2008 in the U.S., according to Honda, there are fewer than 200 battery failures beyond warranty coverage out of more than 100,000 hybrids sold.[42]. [5]

Insight Engines Latest Statistics

  • This shows that “58.4% of consumers purchased a product or service online each week”. [1]
  • This isn’t to say that you should discount other search engines though, especially as Bing which took 7.2% of searches in the same month. [1]
  • However, the most recent stats put mobile ahead with 54.86% of searches, while desktop falls to 42.65%, and desktop 2.49%.desk. [1]
  • This shows that as more people remained connected 24/7 due to the high mobile phone penetration across the globe, desktop searches are likely to continue to decline. [1]
  • At the moment, only 13% of websites are able to retain the same position for a particular search across all devices. [1]
  • In fact, 30% of pages that show on the first page of desktop search results do not appear in the top 10 results on mobile. [1]
  • According to SEMRush, only 11% of URLs kept the same position on mobile as desktop. [1]
  • In 2020, the combination of organic (40%) and paid search (28%). [1]
  • As shown below, the first three organic positions for nonbranded search earn more than 50% of the total click. [1]
  • Between January and December 2020, nearly 65% of Google searches ended without a click to another web property — up from 50% in June 2019. [1]
  • This is now a common behavior as the latest data from Global Web Index via Datareportal shows, with an average of 214.1% using voice commands or voice search. [1]
  • The firm’s 400 plus brands, which include Dove, Knorr, and Axe, generated $60 billion in revenue in 2015, propelling underlying sales growth of 4.1% for the year. [2]
  • To date, 85% of people taking the challenge have lowered their cholesterol. [2]
  • The i2020 research shows that insights leaders in overperforming organizations report to these senior executives more than twice as often as their counterparts in underperforming organizations do (29% versus 12%). [2]
  • That’s why substantially more overperforming firms than underperforming ones (61% versus 46%). [2]
  • The i2020 study found that on average, 69% of respondents from overperforming firms said they work closely with other functions and customers, compared with just 52% of those in underperforming companies. [2]
  • Overperforming companies are three times as likely as underperformers to embrace a culture of experimentation, the i2020 research shows (40% versus 13%). [2]
  • Though overperformers currently aren’t far ahead of underperformers in this regard (32% versus 28%). [2]
  • In one conversation about increased mortality among children under five, the Lifebuoy soap brand team zeroed in on data showing that over 40% of the deaths occur among infants less than a month old, and many could be prevented with handwashing. [2]
  • In villages in India, mothers reported that the incidence of diarrhea in family members dropped from 36% in 2013 to 5% in 2014. [2]
  • Indeed, i2020 found that 79% of insights functions at overperforming companies participated in strategic decision making at all levels of the organization, compared with just 47% at underperforming companies. [2]
  • Highperforming organizations are particularly adept at integrating the two types of approaches; far more respondents from overperformers than from underperformers agreed that their insights functions were skilled at whole brain thinking (71% versus 42%). [2]
  • But i2020 found that respondents from highperforming firms were much more likely than those from lowperforming firms to believe that their insights functions were business focused (75% versus 50%). [2]
  • At overperforming firms, 61% of surveyed executives agreed that people in their insights functions were skilled at conveying their messages through engaging narratives; at underperforming firms, only 37% agreed. [2]
  • Gartner stated that ”By 2020, 50% of analytical queries either will be generated via search, natural language processing or voice, or will be automatically generated.”. [6]
  • In 2019, an enormous 35% of all food in the United States went unsold or uneaten. [7]
  • That’s $408 billion worth of food – roughly 2% of U.S. GDP – with a greenhouse gas footprint equivalent to 4% of total U.S. GHG emissions. [7]
  • Businesses, government agencies, funders, and others are already making efforts to address this challenge – but a massive acceleration is needed to achieve national and international goals to reduce food waste by 50% by the year 2030. [7]
  • Uneaten food is responsible for 4% of greenhouse gas emissions in the U.S. alone. [7]
  • Reducing U.S. Food Waste by 50% looks at the entire food supply chain and identifies seven key action areas to help guide the food system’s efforts over the next ten years. [7]
  • The Insight has a body weight less than half that of the contemporary Civic 3 door, with increased torsional rigidity by 38% and bending rigidity by 13%. [5]
  • L/100 km; 67 mpg‑imp).The EPA changed the way it estimated fuel economy starting with the 2008 model year. [5]
  • Advanced development has allowed the Insight’s IMA system to be 19 percent smaller and 28 percent lighter than the previous generation IMA used in the existing Civic Hybrid. [5]
  • The power density of the modules is 30 percent greater than in the second generation Civic Hybrid. [5]
  • The aerodynamic efficiency is improved by two percent.[60][61][62]In. [5]
  • Fuel efficiency rating according to the U.S. EPA testing methodology is City 40 mpg [32]‑US, Highway 43 mpg‑US. [5]
  • Honda Insight has been on sale from 4 April 2009 and early reports said it outsold its competitor by 15%. [5]
  • Retrieved 200907 14.Korzeniewski, Jeremy .”Honda Insight “too small,” likely to miss sales targets, Fit Hybrid a ‘struggle'”. [5]
  • The Insight earned an EPA fuel economy estimate of 70 mpg [33] The EPA changed the way it estimated fuel economy starting with the 2008 model year. [5]
  • automatic climate control blower fan speed Optimizes throttle angle input and CVT operation Limits power and torque by approximately 4 percent. [5]
  • The aerodynamic efficiency is improved by two percent.[60][61][62]. [5]
  • Fuel efficiency rating according to the U.S. EPA testing methodology is City 40 mpg [32] Honda UK state that the official UK fuel efficiency data for the Insight SE is Urban 61.4 mpg‑imp ,. [5]
  • In October 2009, named the Honda Insight the most reliable vehicle as it scored the highest of any vehicles in predicted reliability, according to its annual vehicles reliability survey. [5]
  • The Honda Insight has been on sale from 4 April 2009 and early reports said it outsold its competitor by 15%. [5]
  • 80% of fortune 2000 companies rely on our research to identify new revenue sources. [3]
  • Mobile gaming is the fastest growing segment in the overall gaming industry, expected to rise at an average annual rate of 17%+ between 2017 and 2021. [4]
  • According to the company’s website, over 60% of all AR/VR content is made with Unity. [4]
  • Unity has supported nearly 40M asset downloads, compared to 8M on Unreal — likely due to all the smaller studios its pricing model has attracted. [4]
  • However, once a commercial product earns $3,000 in revenue, the organization developing the product is obligated to pay a 5% royalty to Epic for as long as the game or content continues to generate revenue. [4]
  • Epic also offers custom licensing agreements for some of the most successful games, where a 5% royalty might be enormously costly. [4]
  • The 5% royalty is the only cost outside purchases made in its asset store. [4]
  • “[Asset] stores taking 30% is just out of line. [4]
  • Unreal also differs from Unity in terms of how it capitalizes on its assets store the company recently announced that it would transition from collecting the standard 30% of each asset store transaction to collecting just 12%. [4]
  • The typical CX survey samples only 7 percent of a company’s customers, providing an extremely limited view of what customers experience and value. [8]
  • In fact, only 13 percent of the CX leaders we surveyed expressed full confidence that their CX measurement system provides a representative view of their customer base. [8]
  • Only 16 percent of CX leaders said that surveys provide them with granular enough data to address the root causes of CX performance. [8]
  • Remarkably, of the CX leaders we surveyed, only 4 percent said that their system lets them calculate the ROI of CX decisions. [8]
  • One leading airline built a machine learning system based on 1,500 customer, operations, and financial variables to measure both satisfaction and predicted revenue for its more than 100 million customers every day. [8]
  • This first use case proved successful, saving the organization more than 25 percent of its planned budget and paving the way for future applications. [8]
  • Stats Engine can reduce the chance of incorrectly declaring a winning or losing variation from 30% to 5% without sacrificing speed. [9]
  • We found that even conservative policies can increase error rates from a target of 5% to over 25%. [9]
  • In our investigation, more than 57% of simulated A/A tests falsely declared a winner or loser at least once during their course, even if only briefly. [9]
  • If you look every 500 visitors, the chance of making a false declaration increases to 26%, while looking every 1000 visitors increases the same chance to 20%. [9]
  • Using the calculator to adjust your sample size as the test is running is what’s called a “post hoc calculation,” and while it mitigates some continuous monitoring risk, it still leads to error rates that hover around 25%. [9]
  • In the example below, we show how controlling for a 10% false positive rate (90% statistical significance). [9]
  • By random chance alone, we would expect to see about one more variation falsely declared a winner . [9]
  • Even though we controlled for a 10% false positive rate , we have a much higher (50%). [9]
  • Reporting a false discovery rate of 10% means that “at most 10% of winners and losers have no difference between variation and baseline,” which is exactly the chance of making an incorrect business decision. [9]
  • While fewer winners and losers are reported overall (we found roughly 20% fewer in our historical database*). [9]
  • * On a large, representative sample of historical A/B tests by Optimizely customers, we found that there were roughly 20% fewer variations with false discovery rate less than .1 compared to false positive rate at the same level. [9]
  • Fixed Horizon statistics declared a winner or loser in 36% of tests. [9]
  • In this same data set, Stats Engine declared winners or losers in 22% of tests. [9]
  • Stats Engine uncovered 39% fewer conclusive test results than traditional statistics. [9]
  • Using 80% as our standard of power, most (80%) of the experiments that Stats Engine no longer called conclusive were underpowered while most (77%). [9]
  • Fixed Horizon statistics changed its declaration of winner or loser in 44% of our historical experiments. [9]
  • Stats engine changed declarations in 6% of these tests. [9]
  • With Stats Engine, false positive rate dropped from >20% to <5%. [9]
  • In those simulations, we ran tests at 95% significance and found If you looked at the results after each new visitor the experiment, there is a 57% chance of declaring a winner or loser. [9]
  • If you looked every 500 visitors, there is a 26% chance of a false declaration. [9]
  • If you looked every 1000 visitors, there is a 20% chance of a false declaration. [9]
  • With sequential testing , this same error number drops to 3%. [9]
  • If we run these simulations to higher sample sizes , the chance of a false declaration with traditional statistics increases (easily over 70% depending on sample size). [9]
  • With sequential testing, this error rate also increases but is upper bounded at 5%. [9]
  • If for every experiment , you set the MDE within 5% of the actual lift of the experiment, the sequential test will be on average 60% slower. [9]
  • We found that if the lift of your A/B test ends up 5 percentage points higher than your MDE, Stats Engine will run as fast as Fixed Horizon statistics. [9]
  • As soon as the improvement exceeds the MDE by as much as 7.5 percentage points, Stats Engine is closer to 75% faster. [9]
  • While your error rate is likely higher than 5%, it also probably wouldn’t be over 30%. [9]
  • In this particular case, 16% of all requests were made for redirected pages. [10]
  • This issue was reported for 90% of all the pages on that site. [10]
  • Thanks to the Crawl stats report, I found out that only 35% of these 7460 URLs were crawled for discovery reasons. [10]
  • According to BrightEdge, organic search drives 53.3% of all website traffic, so big or small, search engine optimization is something your business can’t afford to turn a blind eye to if you want to get in front of new audiences. [11]
  • In fact, consumers now do as much as 70% of their purchasing research online before they ever get into a sales conversation. [11]
  • Less than 1% of Google searchers will venture to the second page to find what they are looking for. [11]
  • SEO Inc. cites a study from Forrester Research, which revealed that video is 50 times more likely to achieve organic page ranks in Google than plain text results. [11]
  • 10XIncrease in experiments run per month after adopting Optimizely100%Number of product teams using experimentation. [12]

I know you want to use Insight Engines Software, thus we made this list of best Insight Engines Software. We also wrote about how to learn Insight Engines Software and how to install Insight Engines Software. Recently we wrote how to uninstall Insight Engines Software for newbie users. Don’t forgot to check latest Insight Engines statistics of 2024.

Reference


  1. taiwannews – https://www.taiwannews.com.tw/en/news/4445009.
  2. smartinsights – https://www.smartinsights.com/search-engine-marketing/search-engine-statistics/.
  3. hbr – https://hbr.org/2016/09/building-an-insights-engine.
  4. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/insight-engines-market-231500741.html.
  5. cbinsights – https://www.cbinsights.com/research/game-engines-growth-expert-intelligence/.
  6. wikipedia – https://en.wikipedia.org/wiki/Honda_Insight.
  7. aimultiple – https://research.aimultiple.com/insight-engine/.
  8. refed – https://refed.org/.
  9. mckinsey – https://www.mckinsey.com/business-functions/marketing-and-sales/our-insights/prediction-the-future-of-cx.
  10. optimizely – https://www.optimizely.com/insights/blog/statistics-for-the-internet-age-the-story-behind-optimizelys-new-stats-engine/.
  11. searchenginejournal – https://www.searchenginejournal.com/crawl-stats-google-search-console/402037/.
  12. impactplus – https://www.impactplus.com/blog/seo-statistics.
  13. optimizely – https://www.optimizely.com/.

How Useful is Insight Engines

At their core, insight engines are designed to make the information retrieval process more efficient and effective by understanding the context of a query and returning results that are not solely based on keyword matching, but on the meaning behind the words. This is particularly valuable in a business setting, where time is of the essence and decisions need to be made quickly based on accurate information.

One of the key advantages of insight engines is their ability to process and analyze huge volumes of data from a variety of sources, including structured and unstructured data, in a fraction of the time it would take a human to do so. This allows users to uncover hidden patterns and correlations that may not be immediately apparent, leading to more informed decision-making and better business outcomes.

Furthermore, insight engines are constantly learning and adapting to user behavior, refining their algorithms to deliver more accurate and relevant results over time. This adaptability is essential in today’s fast-paced business environment, where trends and market conditions can change at a moment’s notice.

Another benefit of insight engines is their ability to democratize data within an organization, making it more accessible to employees at all levels. By providing a user-friendly interface that enables even non-technical users to easily query and retrieve information, insight engines empower employees to make data-driven decisions without the need for specialized training or expertise.

However, it’s important to note that insight engines are not a one-size-fits-all solution, and their usefulness ultimately depends on the specific needs and goals of an organization. While they can certainly provide valuable insights and drive business growth, they may not be the right tool for every situation. For example, organizations with highly sensitive or proprietary data may have concerns about the security and privacy implications of using a third-party insight engine.

In conclusion, insight engines have the potential to revolutionize the way businesses search for and extract insights from their data, saving time and resources while enabling informed decision-making. However, their true usefulness lies in their ability to complement and enhance existing processes rather than replace them entirely. By leveraging the power of insight engines in conjunction with human expertise, organizations can unlock new opportunities and stay ahead of the competition in today’s data-driven world.

In Conclusion

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