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
- Businesses that use big data saw a 10 percent reduction in overall cost.
- Data warehouse optimization is considered the most important big data analytics use case, and is considered critical or very important by 70 percent of businesses.
- 73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.
- 29 percent of investment professionals use search trends to derive data.
- 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.
- 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.
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- People generate 2.5 quintillion bytes of data each day.
- 90 percent of IT professionals plan to increase spending on BI tools.
