What are the current market trends you see shaping the data analytics space? What is your take on incorporating those trends to make them effective through your solutions?
EY recently launched a joint survey with Forbes Insights on this very topic. Some of the key findings revealed that leading organizations that use advanced analytics are seeing double-digit growth of above 15 percent in revenues and operating margins, as well as improved risk profiles. Furthermore, half of the global survey participants plan to allocate at least $10 million over the next two years.
The survey also revealed that fundamental problems arise at the crucial linkages, synapses, between the steps organizations take as they move from identifying new business opportunities, acting on insights and then measuring the outcomes. These synapses connect key steps in the analytics lifecycle: Competitive differentiation, operating model, initiative design, intervention design, and measurement and learning.
From a functional department standpoint, the findings also revealed:
• Customer service caught-up with IT for the #1 spot
•Customer service and sales made the largest improvement year-over-year
• Human resources showed the biggest jump, driven by intense global competition for talent
• Strategy and innovation behind all departments
Data in the survey is pretty compelling and gets to analytics being an enterprise capability that can add value across the organization. This also highlights the need to have a proper organizational model and management of a portfolio of initiatives. Our solutions are meant to help organizations really accelerate and scale the value that can be created across the organization.
This story is from the January 2020 edition of Consultants Review.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 2020 edition of Consultants Review.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The Future Awaits Enormous Opportunities
Having joined Insight Ventures in 2002, Deven manages investments in e-Commerce, consumer internet, data, and application software businesses on a global basis.
How Project Management Can Be An Important Contributor To The Rise Of A New India
Raj Kalady is responsible for advancing the project management profession & PMI in India. With over 30 years of national & global experience in sales, channel development, and marketing in IT and education, Raj brings with him a keen sense of business acumen.
PMP KNOWLEDGE AREAS: “WHEELS OF BUSINESS'S CHARIOT”
Thanekar has a demonstrated history of working in the information technology and services industry
Turian Labs: Perfecting Design Thinking to Strategic Foresights
‘Empathy is the new strategy’- the mnemonic has been doing the rounds. Empathy is the hallmark of a new method that walked into the strategy domain in the last decade, popularised by the term ‘Design Thinking.’ Design Thinking came in to fill the void created by over-dependence upon data and systems in the industrialized society. Bringing a shift in perspective for defining the ‘real’ problem by zooming in on ‘people’ or ‘stakeholders’ instead of the data alone. One pioneering business organization that was established with this mindset engraved into its soul is Turian Labs. The name, Turian, is derived from the Sanskrit ‘Turiya’, which is the ‘fourth state of consciousness’ as mentioned in Indian philosophy. Turian Labs believes that the world needs holistic thinking today more than ever as knowledge fields are rather too dithered and hence businesses tend to be myopic on several counts.
PROPERTY MANAGEMENT FIRMS BECOMING VITAL PART OF REAL ESTATE
Owing to his experience and knowledge regarding real estate, Samkit assists Bullmen Realty to amalgamate clients with their dream homes and office spaces.
THE NEW EDGE FOR TELCOS, HYPERSCALERS, AND GOVERNMENTS IN 2021
Digvijay is a sales leader with proven track record of creating new accounts and growing them in one of the most competitive markets in the world.
PROJECT MANAGEMENT & ITS APPROACHES
Rajiv has significant expertise in IT strategy & road mapping, target operating models involving IT shared services & outsourcing, and program management of large IT enablement programs.
InvokHR Solutions: Striving to be a Standard-Bearer in the Indian HR Consultancy Space
While HR consulting is a crowded space and it gets difficult to stand out, one company that has started creating a mark with its contemporary approach towards providing HR services across the entire gamut of value-chain is InvokHR Solutions.
NAVIGATING THE DIGITAL DISRUPTION – THE PROJECT MANAGEMENT WAY
Palash has extensive and rich experience of handling Big Platform & Product delivery for mission-critical Enterprise, Network Management & Optical Networks solution.
MUVS Consulting
CHANGING WITH THE INDUSTRY SCENARIOS, MUVS CONSULTING AIMS TO STRIVE FOR CONSISTENT IMPROVEMENT THROUGH JOINT VENTURES AND DIGITAL MARKETING
