53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
2018
Source: McKinsey Analytics
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- 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.
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- By 2025, more than a quarter of all data created will be real-time, with 95% of that data generated by the Internet of Things.
- 90 percent of IT professionals plan to increase spending on BI tools.
- Data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable as a result.
- Businesses that use big data saw a profit increase of 8–10 percent.
- 73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.
- 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.
