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.

2018

McKinsey Analytics

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40 percent of businesses say they need to manage unstructured data on a frequent basis.
60 percent of businesses believe it is harder to source talent for data and analytics positions than for any other roles
95 percent of businesses need to manage unstructured data.
62 percent of retail businesses see competitive advantages from information and analytics.
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.
In 2025, the IoT data analyzed and used to change business processes will be as much as all of the data created in 2020.
50 percent of businesses say data and analytics significantly impacted new entrants launching data and analytics businesses that undermine traditional competitors’ value propositions.
90 percent of IT professionals plan to increase spending on BI tools.
In the banking sector, investments in big data analytics were estimated at $20.8 billion in 2016.
36 percent of investment professionals use web scraping to derive data.

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