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
Source: McKinsey Analytics
- By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
- By 2025, the amount of the global datasphere subject to data analysis will grow by a factor of 50 to 5.2 zettabytes.
- 21 percent of investment professionals use web traffic to derive data.
- Insights-driven businesses are growing at an average of more than 30% each year, and by 2021, they are predicted to take $1.8 trillion annually from their less-informed peers.
- 59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
- By 2025, more than a quarter of all data created will be real-time, with 95% of that data generated by the Internet of Things.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- Businesses that use big data saw a profit increase of 8–10 percent.
- 53 percent of companies are adopting big data analytics
- 95 percent of businesses need to manage unstructured data.