8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
2018
Source: McKinsey 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.
- Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- 45 percent of companies run at least some big data workloads in the cloud.
- 73 percent of businesses consider Spark SQL critical to their analytics strategies as a big data access method.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- Content analytics usage among IT professionals increased from 43 percent to 54 percent between January 2018 and January 2019.
- 62 percent of retail businesses see competitive advantages from information and analytics.
- By 2025, IDC predicts that the total amount of digital data created worldwide will rise to 163 zettabytes, ballooned by the growing number of devices and sensors