53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
2018
Source: McKinsey Analytics
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
- Businesses that use big data saw a 10 percent reduction in overall cost.
- 40 percent of businesses say they need to manage unstructured data on a frequent basis.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- 95 percent of businesses need to manage unstructured data.
- 50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
- 45 percent of companies run at least some big data workloads in the cloud.