Unleashing the Power of Data and Analytics
Companies that have embraced data and analytics strategies are reaping the benefits of revenue growth, increased operating margins and risk profiles.
23% of the C-level executives in the report have an analytics strategy that encompasses their entire enterprise, compared with only 16% of respondents in a similar EY and Forbes study last year.
70% of the leaders report a seismic shift in their organization in the form of overhauled business strategies and how they compete in their markets.
66% of the organizations that consider their data and analytics abilities market-leading had revenue growth of 15% or more, while 63% reported operating margin increases of 15% in 2016.
60% of executives who said their data and analytics efforts are market-leading also improved their risk profiles.
Over the next two years, 50% of the respondents plan to invest at least $10 million in data and analytics resources, while 85% of the executives in leading companies expect to spend that amount.
53% of executives who said analytics completely altered their strategy want to collaborate with partners to leverage market position and enhance the customer experience. 52% of them see potential for selling the insights from advanced analytics to existing and new customers.
China,
United States,
United Kingdom,
France,
Germany,
Canada,
Japan
Telecommunications,
Technology,
Manufacturing,
Financial services,
Pharmaceuticals,
Health care,
Media and entertainment