53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
2018
Source: McKinsey Analytics
- 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.
- 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.
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
- 8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
- In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
- 95 percent of businesses need to manage unstructured data.
- 21 percent of investment professionals use web traffic to derive data.
- 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
- 29 percent of investment professionals use expert networks to derive data.