Emergence of data
Some of the world’s most successful businesses are doing this already, exploiting data to generate accurate customer insight and power real time, insightful decision-making. Most other organisations understand that harnessing data as an asset is crucial to success. Research shows that 81% of businesses think data should be at the heart of every business decision. The appetite for data analytics has clearly landed.
Management Consultancies have reacted accordingly. EY spent $500 million developing a Global Analytics Centre of Excellence, and PWC have recruited 1,000 new Data Scientists over the last two years to enhance their Data Analytics offering. These and many other Consultancies have made significant investments to acquire or establish expertise in Data Analytics and Big Data, enabling them to extend these capabilities to their clients, and embed data at the heart of their clients’ businesses.