Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.

2017

• 55 percent of North American businesses have adopted big data 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.
• 29 percent of investment professionals use expert networks to derive data.
• The amount of data generated each second in the banking sector will grow 700 percent by 2020.
• More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
• Businesses that use big data saw a profit increase of 8–10 percent.
• 14 percent of investment professionals use credit card and POS software data to derive data.
• 40 percent of businesses say they need to manage unstructured data on a frequent basis.
• 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.
• 98 percent of sales representatives at construction companies that adopt analytics and geographic data reported dramatic decreases in their time frame for providing price quotes.