8 percent of businesses say data and analytics have fundamentally changed the nature of industry-wide competition
2018
Source: McKinsey Analytics
- Big data ranks 20th across 33 key technologies when businesses were asked their top technologies and initiatives strategic to business intelligence.
- 14 percent of investment professionals use credit card and POS software data to derive data.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- 90 percent of IT professionals plan to increase spending on BI tools.
- 45 percent of companies run at least some big data workloads in the cloud.
- 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.
- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
- Businesses that use big data saw a profit increase of 8–10 percent.
- 83 percent of enterprise executives say they’ve pursued big data projects to gain a competitive advantage.
