Operational benefits in all sectors
Smart-data creates benefits across various sectors and activities.
Worldwide (source McKinsey), the public sector could reduce its costs by 15% to 20%, reduce fraud and improve tax payments. Everything would save more than 250 billion euros per year in Europe alone.
The retail sectors could improve its operating profitability through Big Data on average by 60%.
The health sector in the United States would create $ 300 billion in additional revenue each year, twice a year in health costs in Spain for example.
In the area of production, the cost of product development would be halved. Financial excellence provided by Big Data multiply by 20 profit growth and increase of 30% return on capital investment.