Fortune 500 CEO’s across industries overwhelmingly state that Analytics and Artificial Intelligence (AI) are key drivers for their organizations. The investment dollars being allocated to these initiatives continues to grow, projected to be $100B next year alone.
Fortune 500 CEO’s across industries overwhelmingly state that Analytics and Artificial Intelligence (AI) are key drivers for their organizations. The investment dollars being allocated to these initiatives continues to grow, projected to be $100B next year alone
But there is a growing sentiment among those same executives that these investments are not delivering tangible results, and are falling far short of expectations. More than 72% of CEOs say these initiatives have not yielded results. The average tenure of a Chief Analytics Officer is only 2.6 years.
Too often, a traditional playbook of “build and install” – large investments in data lake infrastructure and bolt-on analytics – fail to effectively address two fundamental principles: Where are analytics and AI most valuable to us (and how rapidly can they generate insights)? Are we prepared to deploy the operational resources required to turn these insights into continuous feedback, execution, and improvement?
We develop AI and analytics strategies that get results. We work with clients to critically evaluate current data and analytics efforts and craft an approach that better aligns analytics investments around real value creation.
Using our Data and Analytics Strategy development approach, we address four key data and analytics imperatives:
What is the role of AI in creating long-term competitive advantage for your organization?
Who are the most important stakeholders? And what value you are seeking to create for them?
How do analytics and AI fit alongside other value drivers? How are trade-off decisions made?
Do you understand the capability gaps and what is required to fill them?
Once those key choices are made, a sustained focus along all four dimensions – structure, culture, talent and technology – is essential to being successful.
Download the full whitepaper below.