26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
2018
Source: McKinsey Analytics
- 55 percent of North American businesses have adopted big data analytics.
- 29 percent of investment professionals use search trends to derive data.
- 53 percent of companies are adopting big data analytics
- Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
- 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- 29 percent of investment professionals use expert networks to derive data.
