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Report
Achieving business impact with data
Article
Advanced analytics: Nine insights
from the C-suite
Report - McKinsey Global Institute
The age of analytics: Competing in a
data-driven world
Article
Ten red flags signaling your analytics program will fail
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Article
Ten red flags signaling your analytics program will fail
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Consider a hybrid
model combining agile teams with talented professionals from both the business and analytics sides of your company.
Integrate
Cultivate people who can rapidly translate business needs to data scientists. You’ll need
a lot; one global steel company is currently training 300 translators.
Translate
Analyze the entire value chain of your business, from supplier to purchase to after-sales service, to identify the highest-value use cases.
Pinpoint
Create in-house “academies” to coach executives and managers in the key tenets of advanced analytics—
while correcting misconceptions.
Educate
Integrate
Translate
Pinpoint
Educate
Getting more from your data and analytics requires the following responses.
Data to-dos
Report - McKinsey Global Institute
The age of analytics: Competing in a data-driven world
Dive deeper
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% of value captured from data and analytics, 2016
10–20%
EU public
sector
20–30%
Manufacturing
30–40%
US retail
50–60%
Location-
based data
That’s because most companies capture only a fraction of the potential value from data and analytics.
Unmonetized
Article
Advanced analytics: Nine
insights from the C-suite
Dive deeper
Dive deeper
Photo by: Alexey_M / Shutterstock.com
A senior executive responding to
a confidential McKinsey survey
“
Sometimes I feel we are doing analytics for the sake of doing analytics. We need to have more clarity on what business value we are trying to create.”
But dissatisfaction may also be on the rise.
For what’s sake?
Report
Achieving business impact with data
Dive deeper
Dive deeper
Global volume of available data, billions of sensors
Global data: 7x increase
Cost for IoT nodes, (eg, microcontrollers, sensors), $
IoT costs: 50% decrease
Data availability is rising fast—thanks in part to the falling price of sensors and wireless devices.
The IoT effect
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Companies may have more data than ever, but not everyone is making money with it.
The data disconnect
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