Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.
2018McKinsey Analytics
Explore Data & Analytics Statistics
- 90% of enterprise analytics and business professionals currently say data and analytics are key to their organization’s digital transformation initiatives.
- 30 percent of businesses consider the Spark software framework critical to their big data analytics strategies.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- 29 percent of investment professionals use search trends to derive data.
- Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
- The education vertical currently has the lowest adoption of big data among vertical industries, but educators are most likely to say they may use big data in the future.
- The worldwide big data market is projected to grow from $42 billion in 2018 to $103 billion in 2027.
- 79 percent of enterprise executives say that not embracing big data will cause companies to lose competitive position and risk extinction.
- Data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times as likely to be profitable as a result.
- The amount of data generated each second in the banking sector will grow 700 percent by 2020.
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