53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
2018
Source: McKinsey Analytics
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- 21 percent of investment professionals use web traffic to derive data.
- 61 percent of businesses that recognize the effect of data and analytics on their core business practices say their companies either have not responded to these changes or have taken only ad hoc actions rather than developing a comprehensive, long-term strategy for analytics.
- 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
- 73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- Data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable as a result.
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.