An increasing number of our senior level partners wrestle with applying data analytics. They see data analytics as a tool to effectively accelerate their key strategic priorities. They hear about industry leading companies using big data to help drive revenue growth or reduce costs, yet are unclear on what big data is, best practices in data analytics, how it can be used as an innovation tool, and missteps to avoid.
We’ve seen where big data business analytics leads to significant innovations fueled by data sets. Such innovations lead to increased personalization and greater customer loyalty, driving revenue growth. Big data business analytics is also increasingly critical to help businesses optimize operations and increase profitability. There are specific and new elements that must be considered and applied across business units. At the same time, big data business analytics is the latest in a long line of expensive initiatives that are frequently sub-optimized in their effect, such as CRMs and Enterprise Risk Management tools. The technical side in rolling out these initiatives is critical, as is changing specific behaviors in the way organizations operate.
UNC Executive Development’s newest white paper helps unlock the promise of big data analytics. It outlines key elements of big data analytics, important questions for leaders to consider when expanding big data as a tool to drive business results, lessons we’ve learned here at UNC Executive Development in our experience working with major clients across multiple industry segments, and a suggested 90 day action plan for you to tweak for your own use. Download a copy below to read on.