26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.

2018

• The number of IT professionals using descriptive and predictive analytics grew from the mid-40th percentile to high 60th percentile between January 2018 and January 2019.
• 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
• 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
• By 2020, there will be 2.7 million job postings for data science and analytics roles.
• In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
• Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.
• 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
• 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.
• The big data industry will be worth an estimated $77 billion by 2023.
• 29 percent of investment professionals use expert networks to derive data.