50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
2018
Source: McKinsey Analytics
- By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
- Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.
- 90 percent of IT professionals plan to increase spending on BI tools.
- 95 percent of businesses need to manage unstructured data.
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- 29 percent of investment professionals use expert networks to derive data.
- 53 percent of companies are adopting big data analytics
- 26 percent of businesses say data and analytics have significantly changed the nature of industry-wide competition.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- People generate 2.5 quintillion bytes of data each day.
