The competitive dynamics of digital and analytics put enormous pressure on incumbents’ strategies and operating models. Companies that apply advanced technologies and new ways of working generate more value than those that don’t. Capturing that prize requires executives to rethink and reinvent every aspect of their business, from strategy to operations. Read on to learn more about the elements of successful tech-enabled transformations.
Our research shows that companies create the most value with analytics when they embed them across the organization. That requires defining strategic opportunities, increasing investment, strengthening data-management practices, and authorizing more people to make analytics-guided decisions. (Source: McKinsey & Company, 2019).
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