Only 16% of organizations can currently say that 75% or more of their employees have access to company data and analytics.
2018
- 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.
- 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.
- Customer/social analysis is considered the second most important big data analytics use case, followed by predictive maintenance.
- 53 percent of CEOs consider themselves the primary leader of their company’s analytics agenda.
- The big data software market was worth $31 billion in 2018, growing 14 percent from the year before.
- By 2020, there will be 2.7 million job postings for data science and analytics roles.
- 70 percent of investment professionals use “alternative data” or plan to do so in the next year.
- More than 30 percent of businesses say big data and analytics have fundamentally changed business practices in their research and development departments
- Analytics leaders are nearly twice as likely as others to report enacting a long-term strategy to respond to changes in core business practices.
- 29 percent of investment professionals use expert networks to derive data.
