Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.

2018

McKinsey 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.
59 percent of executives say big data at their company would be improved through artificial intelligence (AI).
The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
62 percent of retail businesses see competitive advantages from information and analytics.
Only 7% of marketers surveyed report that they are currently effectively able to deliver real-time, data-driven marketing engagements across both physical and digital touchpoints.
Through 2019, 90% of large organizations will have hired a CDO, but only 50% will be considered a success.
By 2025, 60% of the 163 zettabytes of existing data will be created and managed by enterprise organizations.
Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.
The number of IT professionals using descriptive and predictive analytics grew from the mid-40th percentile to high 60th percentile between January 2018 and January 2019.
Data warehouse optimization is considered the most important big data analytics use case, and is considered critical or very important by 70 percent of businesses.

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