1. Focus on culture change and its business impact.
It’s time for Fortune 1000 companies to rethink their investments in data, analytics, and AI. Of course, companiesbe investing in these critical business capabilities and differentiators. What they need to take a hard look at isthey’re investing, and whether these investments are leading to the kinds of gains and the levels of business value that companies are aspiring to achieve.
Just 23.9% — under one quarter — of executives reported that their companies have created a data-driven organization, down from 31% four years ago. What should companies be doing differently to achieve a different outcome? What are successful outlier firms doing differently? Given the economic headwinds on the horizon, companies need to be smarter about how they invest in data, analytics, and AI, and track their investments to sustainable business progress.
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