Unleashing the Power of Data and Analytics

Unleashing the Power of Data and Analytics

Unleashing the Power of Data and AnalyticsUnleashing 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.

Impact of Advanced Analytics GrowsImpact of Advanced Analytics Grows

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.

A Seismic ShiftA Seismic Shift

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.

Benefits of AnalyticsBenefits of Analytics

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.

Analytics and RiskAnalytics and Risk

60% of executives who said their data and analytics efforts are market-leading also improved their risk profiles.

Planning Analytics InvestmentsPlanning Analytics Investments

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.

Collaborating With PartnersCollaborating With Partners

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.

Analytics Leaders by CountryAnalytics Leaders by Country

China,
United States,
United Kingdom,
France,
Germany,
Canada,
Japan

Analytics Maturity By SectorAnalytics Maturity By Sector

Telecommunications,
Technology,
Manufacturing,
Financial services,
Pharmaceuticals,
Health care,
Media and entertainment

Karen A. Frenkel
Karen A. Frenkel is a contributor to CIO Insight. She covers cybersecurity topics such as digital transformation, vulnerabilities, phishing, malware, and information governance.

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