8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition

2018

• Businesses that use big data saw a 10 percent reduction in overall cost.
• 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
• 73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.
• 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.
• Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
• 61 percent of businesses that recognize the effect of data and analytics on their core business practices say their companies either have not responded to these changes or have taken only ad hoc actions rather than developing a comprehensive, long-term strategy for analytics.
• By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
• 29 percent of investment professionals use expert networks to derive data.
• 60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles