53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
2018
Source: McKinsey Analytics
- 29 percent of investment professionals use search trends to derive data.
- The big data industry will be worth an estimated $77 billion by 2023.
- 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.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- 90 percent of IT professionals plan to increase spending on BI tools.
- 29 percent of investment professionals use expert networks to derive data.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- People generate 2.5 quintillion bytes of data each day.
