Dateline: November 25, 2016
Welcome to our Friday WRAP – one thought-provoking idea to think about over the weekend.
This is the third (and last) quote from an insightful article by McKinsey consultants Helen Mayhew, Tamim Saleh, and Simon Williams. This week, our thought provoking idea from the article, Making Data Analytics Work For you Instead of the Other Way Around, is about C-suite involvement in analytics projects. The authors suggest,
In our experience, the best day-one indicator for a successful data-analytics program is not the quality of data at hand, or even the skill-level of personnel in house, but the commitment of company leadership. It takes a C-suite perspective to help identify key business questions, foster collaboration across functions, align incentives, and insist that insights be used. Advanced data analytics is wonderful, but your organization should not be working merely to put an advanced-analytics initiative in place. The very point, after all, is to put analytics to work for you.
How involved are your C-suite execs in your analytics strategy? How involved should they be?
That’s a WRAP! This McKinsey article was very worthwhile, and we suggest you read the whole thing. Have a great weekend!
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