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.

2018

• 45 percent of companies run at least some big data workloads in the cloud.
• In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
• 40 percent of businesses say they need to manage unstructured data on a frequent basis.
• 14 percent of investment professionals use credit card and POS software data to derive data.
• Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.
• 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
• 55 percent of North American businesses have adopted big data analytics.
• 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
• Data warehouse optimization is considered the most important big data analytics use case, and is considered critical or very important by 70 percent of businesses.
• 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.