Most Analytics Opportunities Untapped, McKinsey - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Data Management
News
12/13/2016
02:00 PM
Connect Directly
Twitter
RSS
E-Mail
50%
50%

Most Analytics Opportunities Untapped, McKinsey

Revisiting the research that highlighted future analytics talent shortages back in 2011, McKinsey Global Institute says that we're barely scratching the surface in making good use of data.

The application of analytics capabilities to business and other problems offers massive opportunity, and we've only just scratched the surface in realizing the potential. That's the high-level takeaway from McKinsey Global Institute in a new 136-page report, The Age of Analytics: Competing in a Data-Driven World.

The report updates another frequently-cited McKinsey report from 2011 -- noted for its predictions of major data science talent shortfalls -- adding recent developments and new trends such as the impact of machine learning and deep learning.

"We think data and analytics represent the single biggest opportunity available to management teams to create value, improve performance, and change the nature of competition," said Nicolaus Henke, global leader of McKinsey Analytics, in a prepared statement about the new report released this month. "The biggest barriers companies face in extracting value from data is adapting core processes and building new capabilities at scale. Embracing analytics is not about adopting a new tactic. It's about changing your business model and the fundamental way you make decisions."

[Read more of Jessica Davis's report on the McKinsey research on All Analytics.]

Jessica Davis has spent a career covering the intersection of business and technology at titles including IDG's Infoworld, Ziff Davis Enterprise's eWeek and Channel Insider, and Penton Technology's MSPmentor. She's passionate about the practical use of business intelligence, ... View Full Bio

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
News
IT Spending Forecast: Unfortunately, It's Going to Hurt
Jessica Davis, Senior Editor, Enterprise Apps,  5/15/2020
Commentary
Helping Developers and Enterprises Answer the Skills Dilemma
Joao-Pierre S. Ruth, Senior Writer,  5/19/2020
Slideshows
Top 10 Programming Languages in Demand Right Now
Cynthia Harvey, Freelance Journalist, InformationWeek,  4/28/2020
White Papers
Register for InformationWeek Newsletters
The State of IT & Cybersecurity Operations 2020
The State of IT & Cybersecurity Operations 2020
Download this report from InformationWeek, in partnership with Dark Reading, to learn more about how today's IT operations teams work with cybersecurity operations, what technologies they are using, and how they communicate and share responsibility--or create risk by failing to do so. Get it now!
Video
Current Issue
Key to Cloud Success: The Right Management
This IT Trend highlights some of the steps IT teams can take to keep their cloud environments running in a safe, efficient manner.
Slideshows
Flash Poll