53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
2018
Source: McKinsey Analytics
- In a survey of approximately 700 business professionals, only 15% said their organization is currently very effective in delivering a relevant and reliable customer experience. In the same survey, only 3% of respondents said they are able to act on all of the customer data they collect; 21% say they can act on very little of it.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- More than 150 zettabytes (150 trillion gigabytes) of data will need analysis by 2025.
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
- 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
- 95 percent of businesses need to manage unstructured data.
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- 90 percent of the world’s data was created between 2015 and 2016 alone.