Articles

Getting big impact from big data

New technology tools are making adoption by the front line much easier, and that’s accelerating the organizational adaptation needed to produce results.

The world has become excited about big data and advanced analytics not just because the data are big but also because the potential for impact is big. Our colleagues at the McKinsey Global Institute (MGI) caught many people’s attention several years ago when they estimated that retailers exploiting data analytics at scale across their organizations could increase their operating margins by more than 60 percent and that the US healthcare sector could reduce costs by 8 percent through data-analytics efficiency and quality improvements.

Source: mckinsey.com
Author: David Court

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