53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.

2018

McKinsey Analytics

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50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
70 percent of investment professionals use “alternative data” or plan to do so in the next year.
The big data industry will be worth an estimated $77 billion by 2023.
53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.
59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
Nearly 50 percent of businesses say big data and analytics have fundamentally changed business practices in their sales and marketing departments.
40 percent of businesses say they need to manage unstructured data on a frequent basis.
Businesses that use big data saw a 10 percent reduction in overall cost.
Data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable as a result.

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