50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
2018McKinsey Analytics
Explore Data & Analytics Statistics
- People generate 2.5 quintillion bytes of data each day.
- 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
- 14 percent of investment professionals use credit card and POS software data to derive data.
- 45 percent of companies run at least some big data workloads in the cloud.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- Businesses that use big data saw a profit increase of 8–10 percent.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- The big data industry will be worth an estimated $77 billion by 2023.
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
- By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
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