Few things are as popular as a competitive differentiator as analytics is, especially in this age of disruption and breakneck competition. Advanced analytics can make the difference between which businesses are running live and which ones are running behind. Not all enterprises that use data and analytics to inform business decisions see the kind of … More The difference between running live and running behind: a shift from a federated to an enterprise-wide analytics approach
Data volumes in global enterprises are growing exponentially as workloads move to the cloud, IoT brings in big data through sensors, and other digital trends. In the past, we may have analyzed spreadsheets with 30 columns of data, but now, making sense of all the available data to inform new business initiatives has become daunting.
Not many technologies have been embraced as quickly as analytics. Analytics has moved from helping us gain insights into past events, to real-time monitoring using dashboards, and now to predictive analytics that can forecast what can happen hours, days, weeks and months from now.
Data and analytics are not new to most of us. Large enterprises have always invested in data and analytics to improve understanding of customers and markets, and enable better decision-making. What’s different now? Well, the stakes are higher. And in this era of disruption, leaders aren’t using advanced analytics to simply improve existing activities. Strategic … More How mature are you in advanced analytics? Excerpts from the EY-Forbes Insights survey