The age of analytics: Competing in a data-driven world

Data and analytics capabilities have made a leap forward in recent years. The volume of available data has grown exponentially, more sophisticated algorithms have been developed, and computational power and storage have steadily improved. The convergence of these trends is fueling rapid technology advances and business disruptions.

Key Findings

■  Most companies are capturing only a fraction of the potential value from data and analytics. 

■ The biggest barriers companies face in extracting value from data and analytics are organizational; many struggle to incorporate data-driven insights into day-to-day business processes. 

■  Data is now a critical corporate asset.

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