60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
2018McKinsey Analytics
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- 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.
- 90 percent of the world’s data was created between 2015 and 2016 alone.
- 61 percent of businesses that recognize the effect of data and analytics on their core business practices say their companies either have not responded to these changes or have taken only ad hoc actions rather than developing a comprehensive, long-term strategy for analytics.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- In a survey of approximately 700 business professionals, only 15% said their organization is currently very effective in delivering a relevant and reliable customer experience. In the same survey, only 3% of respondents said they are able to act on all of the customer data they collect; 21% say they can act on very little of it.
- Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- 21 percent of investment professionals use web traffic to derive data.
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