So I have certainly had my fair share of involvements with business transformations - some successful, some ongoing, some well received, some not, all expensive, all taking longer than planned. And most, especially in recent years, coined with “here we go again!”
Data has become a critical corporate asset. Across industries, the potential value to be captured in the variety and volume of data that we are collecting is huge. Yet, according to extensive research, only a fraction of this value has been realised.
To find new sources of growth and innovation, leaders need to orient from "What do we need to DO" towards "What do we need to KNOW". The strategic intent or ambition must be clear for all to see, but act simply as a handrail for exploration.
Based on a survey of 2,719 respondents across the globe and interviews with 28 executives, MIT Sloan Review and SAS found that organisations achieving the greatest benefits from analytics are also much more likely to have a clear idea on how they recruit, develop and deploy key talent within their organisation.