THE STATE OF BIG DATA IN CRE

Big data is here to stay. The sooner that CRE companies take
advantage of investing in big data, the bigger the opportunities
for improved business performance.

36 %
60 %
A lack of data strategy has resulted in merely 36% Over 60% of CRE executives surveyed said their
of CRE teams being able to effectively utilize all organization’s data and analytics strategy is
of the data they have collected. held back by individual business silos.

26 %
The CRE industry is lagging behind the data
revolution. In fact, only 26% of CRE teams have
established key performance indicators (KPIs)
that align CRE data and analytic activities with
overall business goals.
30 %
Bad data leads to increased costs and lower
productivity so it is shocking that just 30% of CRE
teams have standardized governance policies,
suggesting fundamental risks for data integrity.

THE CHALLENGE THE OPPORTUNITY

2030
By 2030, data collection and analysis will be at
the center of CRE’s future service offerings and
business models.

60 %
97 % Today 97% of organizations are
investing in Big Data and AI
projects, which have become
virtually indistinguishable, given
Nearly 60% of predictive
that machine learning is one of
Nontraditional power can be derived
the most popular techniques for
Variables from nontraditional
dealing with large volumes of
data sources, such as
fast-moving data.
weather and social.

Many CRE teams are already using data and analytics at the tactical level.

41 %
37 %
37 %
have invested in data have created a standardized engage in data gathering.
storage systems. process for data generation.

Sources:
Area Development: https://bit.ly/2VEskwU
Deloitte: https://bit.ly/2Wj0yDf
McKinsey & Company: https://mck.co/2QBvlYI

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