26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
2018
Source: McKinsey Analytics
- 95 percent of businesses need to manage unstructured data.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- The education vertical currently has the lowest adoption of big data among vertical industries, but educators are most likely to say they may use big data in the future.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
