Big data: The next frontier for competition

Deep analytical talent: Where are they now?

Deep analytical talent: Where are they now?

Analyzing large data sets—so called big data—will become a key basis of competition, underpinning new waves of productivity growth, innovation, and consumer surplus as long as the right policies and enablers are in place. Research by MGI and McKinsey's Business Technology Office examines the state of digital data and documents the significant value that can potentially be unlocked. However, companies and policy makers must tackle significant hurdles to fully capture big data's potential - including a shortage of skilled analysts and managers.

The United States alone faces a shortage of 140,000 to 190,000 people with analytical expertise and 1.5 million managers and analysts with the skills to understand and make decisions based on the analysis of big data. In this interactive we explore where in the US economy analytical talent is employed.

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Related

report | McKinsey Global InstituteSizing the Internet economy

Sizing the Internet economy

The Internet accounts for a significant and growing portion of global GDP.  Internet-related consumption and expenditure, if measured as a sector, is now bigger than agriculture or energy.  On average, the Internet contributes 3.4 percent to GDP in the G-8 countries, China, India, Brazil, South Korea, and Sweden—equal to the GDP of Spain and Canada. more